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Credit 101: How Good is Good Credit

A good credit score is generally considered to be a score of 670 or above on the FICO credit score scale, which ranges from 300 to 850. However, the exact definition of a good credit score can vary depending on the lender or credit product you're applying for.

A credit score of 670 or above is typically enough to qualify for most credit products, including credit cards, personal loans, and mortgages, at competitive interest rates. Higher credit scores, such as scores in the "good" or "excellent" range (740 or above), may qualify you for even better interest rates and loan terms.

It's important to remember that credit scores are just one factor that lenders consider when making lending decisions. Lenders may also look at other factors, such as your income, employment history, and debt-to-income ratio, when evaluating your creditworthiness.

Regardless of your current credit score, it's important to focus on making responsible financial decisions and taking steps to improve your credit over time. This can include paying bills on time, reducing your credit card balances, and regularly checking your credit report for errors.


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