Excellent Credit

• An excellent credit score is over 800. This score reflects a long time of paying bills and loans on time, having filed no bankruptcy, and having no collection accounts. All signify that you're an excellent credit risk.
  
  

Very Good Credit

• A very good credit score is between 750 and 800. As with excellent credit, this score means that your credit report shows that you pay your bills in a timely fashion each month; however, your established credit history isn't as extensive as needed to fall into the excellent credit category.
  
  

Good Credit

• A good credit score is between 700 and 750. This means that your credit report shows that you do not have an excessive amount of credit card debt and loans are paid on time; however, you may have been late on some payments.
  
  

Know Your Score

• You can receive a free credit report annually from each of the three major credit bureaus (Equifax, TransUnion and Experian). You will not receive a penalty to your credit score by requesting these reports.
  
  

Improving Your Score

• You can improve your credit score by paying down credit card debt; charging a small amount to older credit cards to keep the accounts on your report, and paying them off on time; asking a lender to erase a late payment from your credit history; and checking your credit report for errors.