Earning an excellent credit score is easier than you think by controlling your financial habits

You might be surprised to hear this, but as of April 2021, the average FICO score was 716

FICO Score 8 is the most widely used version by all three credit bureaus. Here's how the FICO credit ranges shake out

– Exceptional: 800 and above. – Very good: 740 to 799. – Good: 670 to 739. – Fair: 580 to 669. – Poor: 579 and lower

If you have at least a 760 score, according to Informa Research, you're in great shape. You can get a 30-year, fixed-rate $300,000 mortgage at a low 4.919% interest rate

With an 820 score, you get the same rate. Maybe you're not technically exceptional in the eyes of FICO, but who cares? If you can get the best rates, that's all that matters

There's a heavy emphasis on payment history and credit utilization. Most credit score versions also include these two factors in their scores

And remember, you don't need a perfect credit score. Get your score up to at least 760, and you'll get the best deals on interest rates