What is a Good Credit Score and How to Improve It?

Discover the key factors that influence your credit score and learn effective strategies to boost it
Having a good fico score is essential for obtaining favorable loan terms and lower interest rates. So, what is considered a good fico score, and how can you improve it?
Get a Good Credit Score Now!
Just enter your info and let us help you!

Understanding Fico Score Ranges
Fico scores typically range from 300 to 850, depending on the scoring model. In general, a score of 670 or above is considered good, while scores of 740 and up are considered excellent. However, these ranges may vary depending on the credit bureau and scoring model used. For more information, you can visit our page on fico scores.
Factors That Affect Your Fico Score
- Payment history: Consistently making on-time payments is crucial for maintaining a good fico score.
- Credit utilization: Keep your credit card balances low and maintain a low credit utilization ratio.
- Length of credit history: A longer credit history with a mix of account types contributes to a higher fico score.
- New credit: Applying for too much new credit in a short period can negatively impact your fico score.
- Credit mix: A diverse mix of credit types, such as credit cards, mortgages, and auto loans, can help improve your fico score.

How to Improve Your Score
For practical tips on improving your fico score, check out our comprehensive guide on raising your FICO score. Additionally, you can visit our credit repair page to learn about our fast credit help service.
Why Choose Pinnacle Credit Repair?
As one of the best credit repair companies, Pinnacle Credit Repair uses a unique methodology that combines A.I. and online disputing methods to help you repair your credit faster than traditional credit repair companies like Lexington Law. Learn more about how we can help you improve your score and achieve your financial goals.
Stay Informed with Our Blog
Discover more tips, strategies, and resources for improving your fico score by exploring our blog. Our expert articles cover a wide range of credit-related topics to help you better understand and navigate the world of credit.
Frequently Asked Questions
How long does it take to improve my credit score?
The time it takes to improve your credit score depends on your individual circumstances and financial habits. Generally, it can take anywhere from a few months to several years to see significant improvements. Consistently making on-time payments, reducing your credit utilization, and managing your credit responsibly can help speed up the process.
Can checking my credit score lower it?
No, checking your own credit score is considered a soft inquiry and does not impact your credit score. Soft inquiries are not visible to lenders and do not affect your creditworthiness. Hard inquiries, such as applying for new credit, can temporarily lower your credit score and are visible to potential lenders.
What is the difference between a FICO score and a VantageScore?
FICO and VantageScore are two different credit scoring models used by credit bureaus to calculate your credit score. While both models consider similar factors like payment history, credit utilization, and credit history, they may weigh these factors differently and have distinct score ranges. Lenders may use either score, so it's important to monitor both and maintain good credit habits.
How often should I check my credit report?
It's recommended to check your credit report at least once a year. You can obtain a free copy of your credit report annually from each of the three major credit bureaus (Experian, Equifax, and TransUnion) through AnnualCreditReport.com. Regularly reviewing your credit report allows you to identify and address any inaccuracies or fraudulent activities that may impact your credit score.
Credit Resources
- Wikipedia: https://en.wikipedia.org/wiki/Credit_score
- Forbes: https://www.forbes.com/advisor/credit-cards/what-is-a-good-credit-score/
- The New York Times: https://www.nytimes.com/2021/02/05/smarter-living/raise-your-credit-score.html
- CNN: https://www.cnn.com/2021/03/03/success/how-to-improve-credit-score/index.html