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7 Habits of People With Excellent Credit Scores


Without even knowing it you might be doing things that are damaging your credit score, which affects your ability to get credit and the interest rate you pay when you do get credit. A 2014 survey by found that consumers sometimes don’t understand which actions will and will not help them improve their credit scores.

So how do you identify and put an end to credit-damaging habits and start forming credit-boosting habits? Start by understanding the basics. The FICO credit score is the most widely used score in lending decisions and ranges from 300 to 850. A FICO score of 750 to 850 is considered excellent, and those with a score in that range have access to the lowest rates and best loan terms, according to, the consumer division of FICO. The three credit bureaus – Equifax, Experian and TransUnion – also have created the VantageScore, which ranges from 501 to 990, and the VantageScore 3.0, which ranges from 300 to 850 (to mimic the FICO range).

Once you know your score, you can start taking the right steps to improve it. To do so, follow these seven habits of people with excellent credit scores.

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