How to get good credit score

The range of credit score is between 300 and 850. The good credit score is from 700 and above. But the question is how to be among people who are having good credit score.

Getting a good credit score is not a one click game. So before you know how to get good credit score, it is necessary to know what model and parameters are use to get good credit score.

Credit score is based on the FICO model. This model was given by Fair Isaac Corporation in 19989. They use the data from three bureaus and give the final credit score. These three keep an eye on all the transactions made by individual. They give the credit or debit detail and after analyzing this entire, final score has been generated.

Nowadays websites like do the same work. They also follow the similar model and give the final score. So what are these parameters? These parameters are

35% payment history- this helps to check whether the person is not bankrupt or liar o bankrupt.

30% debt burden- this helps to check whether the person is able to afford new credit returns or not.

15% length of credit history-this helps to know about the usage and timely return of money.

10% on credit searches- this helps to tell what kind of further loans a person is applied for.

By computing all these factors, final score is generated. This score is taken by bank and also saved in records of websites such as

After computing all of the above, a range has been given. This range is as follows:

The range of credit score is between 300 and 850. The credit score above 700 is considered good.

  • The range between 300 and 579 is considered poor and person falling in this range is need to deposit money or pay some fees in advance to get the credit.

  • The range between 580 and 669 is considered as quite fair and the person can get loan from few borrowers.

  • The range between 670 and 739 is considered good and some real good opportunities are available for this.

  • The range between 740 and 799 is considered very good and person get the more than average deal in it.

  • The range between 800 and 850 is considered as exceptionally good, and people get the top money lender and very good credit.

So it is very necessary to come under good credit score, if you want elite money lenders.

If you have enrolled yourself in websites like, then these websites also help you to manage your score. They help you to get the top moneylender from elite finance firm. These websites also help you in coming out of bad credit.

You can also manage to get good credit by following these steps:

  • Never let your cheque bounce

  • Don’t be money defaulters

  • Clear your credit card bill on time

  • Clear our loan on time