Definition of the Number
Excellent – 720+
Consumers with a credit score of 720 or higher are amongst the least risky borrowers. They handle their financial matters responsibly and have a very high likelihood of repaying their debt. Being able to obtain credit is not the only benefit of having a high credit score. The higher your credit score, the more perks you get, like being offered a high loan amount and a lower interest rate, and it will even save you money when purchasing auto insurance.