Score Advice

820 Credit Score: Is it Good or Bad?

An 820 credit score on the FICO score scale of 300-850 is considered exceptional. People with this credit score are likely to be offered some of the best interest rates and terms on credit cards and loans.

Applicants with scores in this range are at the top of the list for the best rates from lenders.

How to Improve Your 820 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. You'll also see the positive factors helping your credit score, so you can continue to maintain good credit habits.

Exceptional Credit Scores

If your credit scores are excellent, it means you've consistently demonstrated great credit management. You're likely paying your bills on time and maintaining a low credit utilization ratio and good credit mix.

How to Maintain Your Excellent Credit

Having a credit score in the 800s is a sign of very good credit management, so keep up the good work. Continue to pay your bills on time, and consider setting up automatic payments or payment reminders to make sure you never miss a payment. You can also pay attention to your credit utilization ratio, working to pay down your credit card balances and keep unused cards open to keep your total available credit (or your credit limit) high.

It's likely easy for you to get new credit, and you may be tempted to apply for and open new accounts simply because you can, or in case you might need the extra credit someday. Resist the temptation to apply for credit you don't really need. Every credit application appears as a hard inquiry on your credit report, and too many hard inquiries can negatively affect credit scores, especially if they occur in a short time frame. Make sure this avoidable ding doesn't damage your credit

Monitor Your Credit

When you have an excellent credit score, you also have a lot to lose if identity thieves manage to commit fraud using your credit information. It can be important to monitor your credit to ensure your credit report remains accurate and to spot any signs of fraud as soon as they occur.

Credit monitoring can help you catch fraud — such as unauthorized accounts opened in your name — sooner and mitigate damages quickly. Enrolling in credit monitoring allows you to receive alerts whenever key changes occur in your credit report. Plus, credit monitoring can help you stay on top of legitimate changes in your credit report that could potentially affect your credit scores. Monitoring allows you to see right away what effect changes have, and to track your credit score as it changes, too.

Protect Your Identity

It's also important to engage in identity protection; your exceptional credit score can make your identity particularly appealing for identity thieves. While credit monitoring detects changes in your credit report, identity theft protection takes the monitoring further by also scanning the internet and noting changes of address. You'll typically get email or text message alert if suspicious activity occurs.

If your credit monitoring or identity theft services detect signs of fraud, identity protection steps in to help you resolve any issues that may arise. Typically, an identity protection service will provide you with a dedicated resolution agent who will work with you and creditors to clear up fraud-related damage. Most also provide up to $1 million in identity theft insurance, meaning if fraud does occur, remediation costs are covered up to that amount.

Find Out More About Your Credit Score:

A credit score of 820 is exceptional. Get your free credit report from Experian to help you stay on top of your credit.

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