7 Habits of People With Excellent Credit Scores

Want to improve your credit score?

photo illustration of budgeting
(Image credit: iStockphoto)

Want to improve your credit score? Take a page from the best. People with excellent scores know that following a few basic rules is the key to success. Adopting their habits could boost your score into the stratosphere, opening the door to the best interest rates and terms on loans. And capturing the lowest loan rates can save you a bundle of money in the long run.

The two big consumer credit scoring companies are FICO (opens in new tab), whose scores are most commonly used in lending decisions, and VantageScore (opens in new tab), a company created by the three major credit bureaus (Equifax (opens in new tab), Experian (opens in new tab) and TransUnion (opens in new tab)) whose scores have been gaining ground among lenders. The latest models of both scores operate on a scale of 300 to 850. Generally, a score of 750 or higher is considered excellent.

Once you know your score, you can start taking steps to raise it by following these seven habits of people with excellent credit scores.

Lisa Gerstner
Contributing Editor, Kiplinger's Personal Finance

Lisa has spent more than15 years with Kiplinger’s Personal Finance and heads up the magazine’s annual rankings of the best banks, best rewards credit cards, and financial-services firms with the best customer service. She reports on a variety of other topics, too, from retirement to health care to money concerns for millennials. She has shared her expertise as a guest on the Today Show, CNN, Fox, NPR, Cheddar and many other media outlets around the nation. Lisa graduated from Ball State University and received the school’s “Graduate of the Last Decade” award in 2014. A military spouse, she has moved around the U.S. and currently lives in the Philadelphia area with her husband and two sons.