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What does it take to get an 800 credit score? | Pocono Update

Photo by Thomas Kwan

By Sarinthia Saunders

The following information is sponsored by Transitional Finances, LLC.

Everyone wants to have an 800 credit score, but only about 22% of people in the United States have an 800 credit score. There is no need to feel left out if you have a lower credit score. A credit score of 740 can take you up to a credit score of 800. I always tell people it’s not just about the score. This is the entire profile. You can have a good score and be refused anything you try to buy because you don’t have a strong credit profile.

What does it take to get an 800 credit score? Believe it or not, it takes years to reach an 800+ score. You need at least 9 years of credit history, more than 20 accounts in good standing, very few or no late payments, very few inquiries, no new accounts under 24 month and a credit utilization rate of between 1 and 10%.

It takes discipline, consistency, and good money management habits to get your credit score into the 800s. Also, I want to say that if you’re nowhere near 800, you’re still fine. You can usually get what you want for a good price if you decide to start repairing your credit today!!

Credit is a necessity in today’s society. It represents who you are on paper. Your credit profile determines whether you save money or spend more money. Everyone should have the American dream of taking advantage of the benefits of credit. Credit is a journey, and it takes time. Be patient and don’t give up if you feel like your credit isn’t growing as fast as you’d like.

Thank you for taking the time to read this article. Enjoy this beautiful day and know that you are the greatest asset of your life. You have to create the lifestyle you want.

Sarinthia Saunders is a Credit Specialist with Transitional Finances located at Venture Poconos 301 N. 9th Street Stroudsburg, PA 18360.

For more information on what helps your credit profile, what hurts your profile, and what we can do to improve your credit profile. Text or call (201) 470-4457 for a free credit consultation today.

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