Is 845 a good credit score?
FICO scores range from 300 to 850. As you can see below, an 845 credit score is considered Exceptional.
|Credit Score||Credit Rating||% of population|
|300 – 579||Poor||16%|
|580 – 669||Fair||17%|
|670 – 739||Good||21%|
|740 – 799||Very Good||25%|
|800 – 850||Exceptional||21%|
845 Credit Score Credit Card & Loan Options
Lenders are most attracted to borrowers with credit scores in the 845 range. With a score of 845, your focus should be maintaining your credit status to make sure you continue to get the best interest rates available.
Can you get a credit card with an 845 credit score?
Credit card applicants with a credit score in this range should have no issues getting approved for any credit card they want. However, remember to always make your monthly payments on time and keep your balance below 30% of your credit limit.
Can you get a personal loan with a credit score of 845?
Most lenders will approve you for a personal loan with an 845 credit score. Therefore, you should qualify for the best interest rates available.
See Also: 12 Best Personal Loans for Good Credit
Can I get a home loan with a credit score of 845?
The minimum credit score is around 620 for most conventional lenders, so you should be able to qualify with no issues.
See also: 10 Best Mortgage Lenders for Good Credit
Can I get an auto loan with an 845 credit score?
Most auto lenders will lend to someone with an 845 score. Again, you should qualify for the best interest rates they have to offer.
See also: 8 Best Auto Loans for Good Credit
Maintaining Your Exceptional Credit
It’s a good idea to grab a copy of your free credit report from each of the three major credit bureaus, Equifax, Experian, and TransUnion, every 12 months. This will help you stay on top of your credit and maintain your Exceptional credit scores.
It’s important to keep your balances low and your credit utilization under 30%. It’s also wise to maintain several different types of credit accounts that include a mix of installment and revolving credit.
Of course, you also want to continue 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 essential role in your credit scores. Therefore, you want to keep your oldest accounts open and continue to show potential creditors that you have a long, positive payment history.