What is a Great Credit Score According To The Experts? - Episode #40
We take a look at what others think a great credit score looks like. My opinion is that a 760 and above is a great score. Others vary in their opinion, but even if someone else likes a 720, wouldn’t you prefer to have a cushion?
We looked at quotes from all over the internet and discuss why a great score has changed over the past 5 years.
“While it’s theoretically possible to score at 850, most scores top off at 825, you can’t get much higher” -Maxine Sweet, VP public affairs, Experian
“There is no reason to go from a 775 to an 850, because you’re going to get the same rate”
- Linda Sherry, spokesperson, Consumer Action
The median score is 723 with most lenders requiring a score of 760 to get the best rates (the highest score is 850, but only 13% of people’s scores beats 800). - Kim Langford, Kiplinger.com
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