What is a Good Credit Score?

Hey Hubsters! Today we're tackling one of the most frequently asked questions on WalletHub: What is a good credit score? A good credit score is anything above 700, and anything above 750 is considered excellent People with good credit usually have at least three years of experience with loans or credit cards, at least $5,000 of available credit and have not been 60 days late in the past two years on any type of loan or credit card payment

And it is good to have good credit, because when you go to get a new loan or line of credit that basically determines if you're going to be approved, as well as the rates and interest that you'll pay It also affects things like your job prospects, your apartment options and even your insurance premiums So if you already have good credit, congrats! If you want to improve your credit or you're not really sure what it is right now, head to WalletHub You'll see your latest score and a personalized improvement plan

Source: Youtube

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