A 780 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.
CoreLogic found that: 60 percent of conventional mortgages originated in 2010 had a FICO score of at least 780; In 2005, a mere 25 percent of new loans had FICO scores at 780; Buyers will need at least 20 percent down for home loans to get the best rates.
780 Fico Score is Excellent. You’re certainly well above average, as the average Fico score is somewhere around 711. And it must mean that you have practiced healthy credit score habits, such as paying all your bills on time, keeping any outstanding balances low, and applying for new credit only when you’ve needed to.
A 780 credit score is well above the national average of 679, according to the latest data from TransUnion. As a result, such a score generally gives you access to some of the best loans and lines of credit. The very best rates, rewards and fees may still be out of reach, though, as you’ll see in the table below.
A score of 780 or more will get you the same interest rates as someone with a perfect score. To get into the 800+ credit score club, you’ll have to follow some of the best credit habits for a long time. Here are five ways to get into the elite club: Paying your bills on time can improve your credit score and get you closer to an 800+ credit score.
A 780 credit score is considered an excellent credit score. If you have a score in this range (FICO score 750 – 850), you’re almost certain to be approved for loans and credit cards. Even better, you’ll be offered the most favorable interest rates and terms on both credit cards and loans.
Best Answer: FICO scores of 740+ get the best rates. 780 is an excellent score.
The fact is lenders aren't looking for perfection. They're looking for good credit risk, or rather, a borrower who will pay a loan back in full and on time. Generally, a credit score of 780 or higher will get you the best interest rate and terms a lender has to offer.
If your credit score is over 780, there's not any real need to try to micromanage the score into the 800s in order to get a lower interest rate on a loan. That's because with a credit score over ...