Finance

What Does It Take To Get An 800 Credit Score?

Image/Photo Credit: Thomas Kwan

The following has been sponsored by Transitional Finances, LLC.

Everyone wants to have an 800 credit score, but only about 22% of people in the United States have an 800 actually achieve this. There's no need to feel left out if you have a lower credit score. A 740 credit score can get you just as far as an 800 credit score. I always tell people that it is not only about the score. It is about the entire profile. You can have a great score and still get denied for whatever you are trying to purchase because you do not have a strong credit profile.

What does it take to get an 800 credit score? Believe it or not, it takes years to get to an 800+ score. You need at least 9 years of credit history, 20+ accounts in good standing, very few or no late payments, very few inquiries, no new accounts under 24 months, and a credit utilization rate between 1-10%.

It takes discipline, consistency, and good money management habits to get your credit score in the 800s. Also, I want to say if you are far from the 800s, it is still okay. You can typically get what you want at a good price if you decide to start fixing your credit today!!

Credit is a necessity in today's society. It represents who you are on paper. Your credit profile decides whether you save money or spend more money. Everyone should have the American dream of leveraging the benefits of credit. Credit is a journey, and it takes time. Please be patient and don't give up if you feel as though your credit is not going up as fast as you'd like.

Thank you for taking the time to read this article. Enjoy this beautiful day, and know that you are the biggest asset in your life. It takes you to create the lifestyle that you want.

Sarinthia Saunders is a credit specialist with Transitional Finances located in Venture Poconos 301 N. 9th Street Stroudsburg, PA 18360.

For more information on what is helping your credit profile, what is hurting your profile, and what we can do to help your credit profile. Text or Call (201) 470-4457 for a Free Credit Consultation today.

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