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How to get your credit score above 800 and keep it there

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How credit scores can both help and hurt Americans

Generally speaking, the higher your credit score, the better off you are when it comes to getting a loan.

FICO scores, the most popular scoring model, range from 300 to 850. A “good” score generally is above 670, a “very good” score is over 740 and anything above 800 is considered “exceptional.”

Once you reach that 800 threshold, you’re highly likely to be approved for a loan and can qualify for the lowest interest rate, according to Matt Schulz, LendingTree’s chief credit analyst. 

More from Personal Finance:
Here’s the best way to pay down high-interest debt
63% of Americans are living paycheck to paycheck
‘Risky behaviors’ are causing credit scores to level off

There’s no doubt…



Source cnbc.com

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