Good credit can open many doors for you, including lower interest rates and an easier time getting approved for credit cards or loans. But what counts as a "good" credit score depends on the scoring model. The most common credit scoring models are FICO® Score and VantageScore®, and while they’re similar, there are some distinct differences between the two. Here’s what to know if you’re wondering about good credit scores and why building your credit is a worthy endeavor. What is a good credit score? Cre ...

From your car insurance premiums to the rates you qualify for on a mortgage, your credit score significantly impacts your daily life. According to Experian, one of the major credit bureaus, the average FICO credit score was 715 as of the end of 2023; if you have that score, your score is good, but not excellent. You need a score between 740 and 850 to qualify for the best rates. Understanding the factors that affect your credit, such as your credit mix, can help you develop a plan to improve and maintain ...