According to credit information company, TranUnion CIBIL’s website, the closer your score is to 900, the higher are the chances of your loan application getting approved. Generally, a credit score of 750 and above is considered to be a good score.

How is 800 cibil score?

Scores above 800 are considered high and you can easily ask for a lower rate on personal loans and credit cards. Such poor score indicates too many discrepancies in past loan repayments to ignore. Unless you work on credit repair or improvements, it will be impossible for you to get a loan from any bank in the country.

Is it possible to get a credit score of 818?

How to improve your 818 Credit Score. A FICO ® Score of 818 is well above the average credit score of 704. An 818 FICO ® Score is nearly perfect. You still may be able to improve it a bit, but while it may be possible to achieve a higher numeric score, lenders are unlikely to see much difference between your score and those that are closer to 850.

What’s the average utilization rate for a credit score of 818?

An 818 FICO ® Score is nearly perfect. You still may be able to improve it a bit, but while it may be possible to achieve a higher numeric score, lenders are unlikely to see much difference between your score and those that are closer to 850. Among consumers with FICO ® credit scores of 818, the average utilization rate is 7.7%.

Is there such a thing as a perfect credit score?

Opinions expressed here are the author’s alone, not those of an issuer, and have not been reviewed, approved or otherwise endorsed by an issuer. An 818 credit score is a perfect credit score, believe it or not.

What should my credit score be to get good interest rates?

In most cases, scores above 700 are considered good. And as a practical matter, lenders don’t typically distinguish between scores that are in the “exceptional” range of 800 to 850. In many situations, a score above 760 will qualify you for the best interest rates.