A credit rating away from 800 is pretty unusual. A rating away from 800 or higher try booked to have borrowers who have experienced multiple funds, never ever overlooked a fees, and you may with now reduced those loans out of completely. They could have acquired a home loan before but have their residence completely paid off. Once you’ve inserted the fresh 800-pub, that you do not have to worry about never qualifying to possess some thing once more. In addition get the means to access an informed playing cards having the most significant reward factors and you can constant flyer bar miles.

Just what part of the populace has a credit history over 800?

Predicated on Handbag Center, only one during the 6 Us citizens provides a credit history off 800 otherwise a lot more than. You to definitely throws brand new fee somewhere in the new ballpark of between 16% and you can 17%. Read more “Exactly how uncommon try an 800 credit history?”