So, you’ve checked your credit score and it’s sitting pretty at 751. That’s fantastic! But you’re not sure if it’s good enough. Well, let me tell you, according to the wise folks on Reddit, a 751 credit score is a bona fide gem.
Reddit’s Verdict: 751 is a Stellar Score
The personal finance subreddit, a treasure trove of financial wisdom, has spoken. A user with a 751 credit score received a lot of “congrats” and “that’s awesome” comments in a recent thread. One person even said, “You’re basically a financial superhero!”
Why is 751 such a great score?
The top credit scoring firm, FICO, states that a 751 credit score is within the “excellent” range. This implies that you are viewed as a low-risk borrower, which gives you access to a wealth of financial options:
- Lower interest rates: With a stellar credit score, you can snag lower interest rates on loans and credit cards, saving you a bundle of cash in the long run.
- Better credit card offers: You’ll be eligible for the best credit cards with the most rewarding perks and benefits.
- Easier loan approvals: Lenders will be eager to lend you money, knowing you’re a responsible borrower.
- Lower insurance premiums: Some insurance companies offer discounts to those with good credit.
But wait, there’s more!
Not only is a 751 a great score, but it also puts you in the top 15% of credit score holders in the US. That’s something to be proud of!
Reddit’s Advice: Keep it Up!
The Reddit community is full of encouragement, and they’re urging you to keep up the good work. Here are some tips they shared:
- Continue making on-time payments: This is the most important factor in maintaining a good credit score.
- Keep your credit utilization low: Aim to use less than 30% of your available credit.
- Don’t apply for too much credit: Every time you apply for credit, it can temporarily lower your score.
- Monitor your credit reports regularly: Check for errors and report them immediately.
The Bottom Line: 751 is a fantastic credit score. You’re in great shape financially, and with a little effort, you can keep it that way. So, pat yourself on the back, enjoy the benefits of your excellent credit, and keep on rockin’ those responsible financial habits!
This Is What Your FICO Score REALLY Means
FAQ
How good is a 751 credit score?
Can I get a home loan with a 751 credit score?
Is Equifax 751 good?
How rare is an 825 credit score?
Is a 751 FICO ® score good?
Your FICO ® Score falls within a range, from 740 to 799, that may be considered Very Good. A 751 FICO ® Score is above the average credit score. Borrowers with scores in the Very Good range typically qualify for lenders’ better interest rates and product offers. 25% of all consumers have FICO ® Scores in the Very Good range.
What is a 751 credit score?
A credit score of 751 is generally respected in the financial world. This score is often considered “good” and holds a fairly strong chance of securing approval for a personal loan. With a score like this, lenders tend to see you as a reliable, lower-risk applicant.
Is 751 a good credit score for a car loan?
A credit score of 751 is seen as a good score by lenders, and you stand a high chance of being approved for a car loan. This score reflects a history of responsible borrowing and timely repayment, making you an attractive candidate to lenders. It’s above the 660 mark that lenders often consider as the threshold for good credit.
Do people with a 751 credit score pay their bills on time?
People with credit scores of 751 typically pay their bills on time; in fact, late payments appear on just 23% of their credit reports. People like you with Very Good credit scores are attractive customers to banks and credit card issuers, who typically offer borrowers like you better-than-average lending terms.