A 770 credit score on the FICO score scale of 300-850 is considered very good. People with this credit score are likely to be approved for credit cards and loans with better-than-average interest rates and terms.
Applicants with scores here are likely to receive better than average rates from lenders.
How to Improve Your 770 Credit Score
You can get personal information about what is hurting your credit score the most. When you check your credit score from Experian, you’ll get a list of the individual factors that are impacting your score. To improve your credit score, work on these factors first.
The Benefits of a Very Good Credit Score
Having a very good credit score can help in many areas of your financial life: from ensuring you’re approved for credit cards and loans, with favorable rates and terms, when you need them,to other aspects, like opening utility accounts with little or no security deposit required or becoming a more appealing tenant to landlords.
How to Maintain Your Credit Score
To earn a very good credit score, you’ve been doing a lot of things right. Keep up the good work by continuing to pay all your bills on time, every time. Your steady, reliable and responsible payment history is the single most important factor in determining your credit scores.
Keep an eye on your credit utilization ratio — the total amount of credit you have available compared to the total amount you owe. Pay down balances and keep unused credit card accounts open to help keep your ratio low. Generally, the lower the ratio, the more positive the impact on your credit scores.
Maintain a good mix of credit, both secured and unsecured, and apply for new credit only when necessary. Opening too many accounts or having too many hard inquiries on your credit report in a short period of time can negatively affect your credit standing, so take care to avoid these when possible.
Monitor Your Credit and Prevent Identity Theft
Your very good credit score might make you a target for identity theft. Luckily, there are steps you can take to monitor your credit and protect yourself from identity thieves.
Using credit monitoring and identity theft protection tools can help you be vigilant about changes in your credit report that may signal your identity has been compromised. Credit monitoring alerts can notify you to review changes when they occur, giving you the opportunity to verify those changes when there are early signs of fraud on your accounts.
Credit monitoring also allows you to track your credit scores over time, so you can see how well you’re doing in maintaining your very good credit scores.
Find Out More About Your Credit Score:
While a credit score of 770 is very good, it can be even better to qualify for the best interest rates and terms. Get your free credit report from Experian and check your credit score to find out the factors that impacting your score the most.