802 credit score: what does it mean?

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Brandy Grimes asked a question: 802 credit score: what does it mean?
Asked By: Brandy Grimes
Date created: Sat, Mar 6, 2021 11:33 PM
Date updated: Wed, Jan 19, 2022 1:33 PM

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Those who are looking for an answer to the question «802 credit score: what does it mean?» often ask the following questions:

💰 What does credit score mean?

Credit scores range from exceptional to poor, but how does that affect you? Credit Score Basics. Your credit score is a number that represents the risk a lender takes when you borrow money… Exceptional Credit Score: 800 to 850. Consumers with a credit score in the range of 740 to 850 are ...

💰 What does my credit score mean?

Your credit score is a 3-digit number that lenders use to decide how likely you are to repay money if they lend it to you. It can also affect the interest rates you are offered on credit cards, car loans or mortgages. You can get a free credit score for yourself with a Credit.com account and see the factors that affect it.

💰 What does your credit score mean?

A credit score is a number between 300–850 that depicts a consumer's creditworthiness. The higher the score, the better a borrower looks to potential lenders. A credit score is based on credit history: number of open accounts, total levels of debt, and repayment history, and other factors.

8 other answers

What Counts Towards Your 802 Credit Score? In essence, your credit score tells you whether YOU have a responsible credit management and a history showing that you have been financially stable. So what factors contribute to showing that you are fiscally responsible and stable? The first and most critical factor will be your overall payment history.

A 802 Credit Score means: Credit Rating: Excellent Loan Options: Virtually Unlimited Loan Cost: Extremely Cheap Best Option: Minimal Credit Repair; Improving Your 802 Credit Score. A Credit Repair company like Credit Glory can:

Where does a 802 credit score land on the “creditworthiness” scale? Note : The range of credit scores lies in 300-850 . The higher the number, the better your credit score, and the better the chances of you getting a grant on that loan you applied.

With a high credit score, lenders see you as a less risky borrower, increasing the chances that they will approve your credit. You're more likely to qualify for lower interest rates. Your credit score is a major determining factor in the interest rate on loans. Having an 800 credit score will help you qualify for lower interest rates and save you thousands of dollars over the life of your loan.

A credit score of 802 is your ticket to the lowest borrowing costs and all sorts of other opportunities, from where you live and work to what car you drive. The list below only represents a sample of the perks that come with perfect credit. An 800+ credit score gets you: How to Get an 802 Credit Score

An 802 credit score is considered a very good or excellent credit score by many lenders. Here’s what it means to have excellent credit, and how you can make the best use of your credit. Credit Karma

In terms of pros, a 802 credit score shows that you are a trustworthy, reliable borrower and that you would be ideal to loan money too for mortgage loans, vehicle loans, credit cards, lines of credit and a wealth of other money loaning services offered through various financial institutions.

How to improve your 802 Credit Score. A FICO ® Score of 802 is well above the average credit score of 704. It's nearly as good as credit scores can get, but you still may be able to improve it a bit. More importantly, your score is on the low end of the Exceptional range and fairly close to the Very Good credit score range (740-799).

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