Is 728 a good credit score?
FICO scores range from 300 to 850. As you can see below, a 728 credit score is considered Good.
|Credit Score||Rating||% of population|
|300 – 579||Poor||16%|
|580 – 669||Fair||17%|
|670 – 739||Good||21%|
|740 – 799||Very Good||25%|
|800 – 850||Exceptional||21%|
728 Credit Score Credit Card & Loan Options
Most lenders will lend to borrowers with scores in the Good range. However, you still have room for improvement. With a score of 728 your focus should be on raising your credit scores before applying for any loans to make sure you get the best interest rates available.
Can you get a credit card with a 728 credit score?
Credit card applicants with a credit score in this range will be approved for most credit cards, however, some credit cards require a higher score. If you are able to get approved for a credit card, remember to always make your payments on time and keep your balance below 30% of your credit limit.
Can you get a personal loan with a credit score of 728?
There are several lenders who will approve you for a personal loan with a 728 credit score. However, your interest rate may be somewhat higher than someone who has “Very Good” or “Excellent” credit.
It’s best to avoid payday loans and high-interest personal loans as they create long-term debt problems and just contribute to a further decline in credit score.
See Also: 12 Best Personal Loans for Good Credit
Can I get a home loan with a credit score of 728?
The minimum credit score is around 620 for most conventional lenders so you should be able to qualify.
See also: 10 Best Mortgage Lenders for Good Credit
Can I get an auto loan with a 728 credit score?
Most auto lenders will lend to someone with a 728 score. However, if you want to ensure you qualify for the best interest rates, you will want to continue improving your credit score.
See also: 8 Best Auto Loans for Good Credit
How to Improve a 728 Credit Score
Credit scores in the Good range often reflect a history of paying your bills on time. However, you still may have some late payments or charges offs reporting.
It’s a good idea to grab a copy of all three of your credit reports from Equifax, Experian, and TransUnion to see what is being reported about you. If you find any negative items, you may want to hire a credit repair company such as Lexington Law to help you dispute them and possibly have them removed.
Lexington Law specializes in removing negative items. They have over 28 years of experience and have removed over 10 million negative items for their clients in 2018 alone.
They can help you with the following items:
- hard inquiries
- late payments
- charge offs
Where to Go from Here
It’s important to pay down your balances and keep your credit utilization under 30%. It’s also wise to have a mix of installment and revolving accounts.
Of course, you also want to make sure you are making your payments on time from here on out. Even one late payment can be very damaging to your credit.
Length of credit history also plays an important role in your credit score. You want to show potential creditors that you have a long, positive payment history.
Building excellent credit doesn’t happen overnight, but by making the right moves, you can definitely speed up the process.
Give Lexington Law a call for a free credit consultation at (800) 220-0084 and get started repairing your credit today! The sooner you start, the sooner you’ll be on your way to having excellent credit.