Is 690 a good credit score? If it is that our score falls within the range of scores from 670 to 739 it is considered Good. The average US FICO Score which is 714 falls within the Good range.
Is 690 A Good Credit Score
Lenders in question as you should know see customers with Good range as acceptable borrowers and good for businesses. And these lenders may just offer them a host of credit reports although not necessarily at the lowest available interest rates. With that being said, you should learn of the ways you can easily and effectively increase your 690 credit score.
How to Improve Your 690 Credit Score
A FICO Score of 690 as you should know provides access to a wide array of loans and credit card products, but the increasing your score on the other hand can increase your odds of approval for an even greater number and at more affordable lending terms.
Additionally, just because a 690 FICO Score is on the lower end of the Good range, you will probably want to manage your score very carefully so as to prevent dropping down into the more restrictive Fair credit score range (580 to 669).
The best way to help determine how to improve your credit score is to always check your FICO Score. And alongside your score, you will get to receive information in regards to ways that you can boost your score, which is based on specific information available in your credit file.
How to Build Your Credit Score
Your FICO Score is very solid, and you also have reasonably good odds of qualifying for a wide variety of loans. But in the event that you can improve your credit score and eventually get to the Very Good (740-799) or Exceptional (800-850) credit-score ranges, then you just may become eligible for better interest rates that can get to save you thousands of dollars in interest over the life span of your loans. Here are a couple of steps that you can take to start boosting your credit scores.
Check Your FICO Score Regularly
Tracking your FICO Score is one way to provide good feedback as you work to build up your score. You should recognize that occasional dips in the score are parred for the course, and you should watch for steady upward progress as you get to maintain good credit habits. And to automate the process, you just may want to consider a credit-monitoring service. You also may want to look into an identity theft protection service that can easily and effectively flag suspicious activity on your credit reports.
Avoid High Utilization Rates
You should always tend to keep your utilization across all of your accounts just below the 30% mark in a bid to avoid lowering your score. The high credit utilization rates you should avoid include debt usage or high credit usage.
Seek For a Solid Credit Mix
No one should ever take on debt that they really do not need, but prudent borrowing which is in the form of revolving credit and installment loans can easily promote good credit scores.
Pay Your Bills on Time
Yes, you have heard about it before, but there really is no better way to boost your credit score, so you should find a system that works for you and then stick with it. Automated tools and services such as smartphone reminders and automatic bill-payment services work for many, as sticky notes as well as paper calendars, for others. And after six months or so, you just may find yourself remembering without help.
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