If you’re wondering what passes for a “very good” credit score nowadays, it’s somewhere close to 718 on the FICO scale. If you have a score that high or higher, you have access to the very best rates and the very best terms lenders offer. You can save a bundle on a loan or some other form of credit.
How does somebody get a credit score like that. What credit score factors do they have that gives them the great numbers? Is it dumb luck? Is it skill? Well, luck has little to do with it and the skill that’s needed more than any other is persistence. You see most people who’ve achieved a credit score in the stratosphere have done so by grinding it out month after month, year after year.
What they’e done is built themselves a long-running credit history that reflect bill payments that were always on time. They’ve also been careful not to borrow too much even when they easily could pay it back. In short, they managed their finances carefully for a long time.
To learn more about credit scores and how you can improve your own, please read: What is an Excellent Credit Score?