Is an 800 credit score good or bad?

  • Is an 800 credit score good or bad?
21 Dec, 2023
Daniel Cohen
7 min
how good is 800 credit score

Having an 800 credit score has certain benefits

A credit score of 800 is considered not just a good score, but a great one. Here's why.

At Consumer Attorneys, our team of top-tier credit reporting attorneys has helped thousands of clients recover from credit errors within the consumer data industry. With credit scores spanning the full range of possibilities, we have helped clients understand the nuance of credit reporting and the role that it plays in our consumer economy.

Credit scores, the numerical representation of a consumer’s creditworthiness, typically range from 300 to 850. This is the case for the VantageScore and FICO scoring models, both of which are the most popular models to assess credit.

Monitoring your credit score is essential if you want to improve your credit score or maintain an impressive credit score.

The FICO scoring model ranks credit scores between 800 and 850 as excellent, while the VantageScore scoring model ranks scores between 781 and 850 as excellent.

This means that a credit score of 800 is a good score! 

It isn’t bad at all. In fact, it technically ranks as an excellent score in both the FICO and VantageScore scoring models.

The implications of an 800 credit score

What exactly does it mean to have an 800 credit score?

Having an 800 credit score makes you eligible to reap the best benefits of creditworthiness. Granted, the credit scores go all the way to 850. However, with an 800 credit score, you’re qualified to enjoy whatever advantages are available to consumers with perfect credit scores of 850.

Since a credit score is strongly tied to a credit report, a credit score of 800 implies an exceptional credit report, unquestionable creditworthiness, and impressive credit history. It indicates that for a long period of time, you paid your debts early enough and you’ve maintained a good credit utilization ratio and credit mix. Simply put, you are every lender’s dream consumer because you present a very low risk.

Having a credit score of 800 is almost similar to making it to the proverbial “top”. While you’re welcome to aspire to hit a perfect score of 850, you should be equally concerned about maintaining the excellent credit score of 800.

The advantages of having an 800 credit score

Having an 800 credit score qualifies you for an array of benefits. In fact, since the score places you in the top tier of consumers, you can expect much finer benefits.

Firstly, an 800 credit score qualifies you for much higher credit limits. With a higher credit limit on your credit card, you have enhanced purchasing power. A higher credit limit helps you maintain your exceptional credit score because it assists you in keeping a low credit utilization ratio.

That’s a win-win!

Secondly, a credit score of 800 guarantees much lower interest rates if you happen to need a loan. Understandably, low interest rates are really beneficial, particularly when you take out long-term loans. 

Amazingly, hitting 800 in your credit score prepares you to take some remedial actions. 

How so?

This is because it gives you the opportunity to refinance a loan or mortgage that you had when your credit score was lower. It helps you readjust to a much lower interest rate than the one you had before reaching a credit score of 800.

Additionally, a credit score of 800 makes you virtually irresistible to lenders. With such proof of creditworthiness, you’re very likely to be granted mortgages, car loans, personal loans, and many other kinds of credit products on very favorable terms.

So, if you have an 800 credit score, focus on maintaining it. If you have a much lower credit score, you’re can always work towards improving it. We recommend that you watch out for errors on your credit report because they can cause your credit score to drop badly.

If that is the case, we are professionals when it comes to disputing credit reporting errors. Contact us to learn more about how we can help.

About the author
Daniel Cohen
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Daniel Cohen is a Founding Partner of Consumer Attorneys and a co-chair of Consumer Finance Litigation practice. Since 2017, he is a member of the National Association of Consumer Advocates and the National Consumer Law Center. Mr. Cohen is a nationally-recognized practitioner of consumer protection law. He has a wealth of proven legal experience in the US in: collective claims, representing visually impaired people who believe their rights under the Americans with Disabilities Act have been violated in both the physical and digital environments, corporate governance and dispute resolution. Read more

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