Answered: How long does it take to get a 750 credit score? | Join the Discussion Now (2024)

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Answered: How long does it take to get a 750 credit score? | Join the Discussion Now? ›

If you are already at 700, then it will take you a few months to get to 750 with consistent good credit behavior – like paying your bills on time, maintaining a low credit utilization rate, not applying for multiple new credit accounts at once, and keeping old credit cards open even if you don't use them much.

If your score is between 650 and 700, you have a consistent payment history and low credit utilisation, it may take only a few months to reach a score of 750. However, if you have a poor credit score, missed payments, high credit utilisation, and derogatory marks on your credit report, it could take several years.

On average, it takes 4-12 months to reach a stage where you can become loan-eligible. If your score is between 650 and 700, it will take a few months to reach 750. If your score is less than 650, it will take more time. There is no overnight quick fix for improving your score.

You can borrow $50,000 - $100,000+ with a 750 credit score. The exact amount of money you will get depends on other factors besides your credit score, such as your income, your employment status, the type of loan you get, and even the lender.

If you possess a good credit history and maintain a low credit utilization ratio, reaching an 800 credit score could be achievable within a few years. Conversely, if your credit history is poor or your credit utilization ratio is high, the journey might take longer.

A 750 score is considered excellent. You will get among the very best rates on loans and credit cards. Amrita Jayakumar is a former staff writer at NerdWallet and, later, a freelance contributor to the site.

Yes. Assuming the rest of your finances are solid, a credit score of 700 should qualify you for all major loan programs: conventional, FHA, VA and USDA loans all have lower minimum requirements, and even jumbo loans require a 700 score at minimum.

A 750 credit score is Very Good, but it can be even better. If you can elevate your score into the Exceptional range (800-850), you could become eligible for the very best lending terms, including the lowest interest rates and fees, and the most enticing credit-card rewards programs.

As you can see, a 700 credit score puts you in the “good” or “prime” category for financing, making 700 a good credit score to buy a car. While it's always a good idea to get your credit score in its best possible shape before buying a car, if you're already around the 700 range you will be good to go.

Can I buy a house with a 750 credit score? ›

If your credit score is 750, you're in a slightly better position than the typical first-time homebuyer: 2023 data from Fannie Mae shows that the average credit score for a first-time homebuyer is 746. Credit scores are kind of like grades in high school, though: It's better to be better than average.

The minimum credit score needed for most mortgages is typically around 620. However, government-backed mortgages like Federal Housing Administration (FHA) loans typically have lower credit requirements than conventional fixed-rate loans and adjustable-rate mortgages (ARMs).

Instead of starting from the bottom, you'll actually start with no credit score instead — and that's not as bad as you might think.

The time it takes to raise your credit score from 500 to 700 can vary widely depending on your individual financial situation. On average, it may take anywhere from 12 to 24 months of responsible credit management, including timely payments and reducing debt, to see a significant improvement in your credit score.

The longer you've been using credit, the more it means to your credit score. Members of the 800 Club average just under 22 years of using credit.

There isn't a set credit score that each person starts out with. Instead, if you don't have any credit history, you likely don't have a score at all.