While having a perfect credit score opens up a lot options for you financial, so does having an overall excellent credit score.
800 - 850 Excellent
740 - 799 Very Good
670 - 639 Good
580 - 669 Fair
Below 580 Poor
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You shouldn't wait until you are about to make a big financial decision to start checking on your credit score. Why? Because there could be errors or mistakes on your credit report that could take a decent amount of time to get corrected.
If you catch potential mistakes early on then you will have the time to get them fixed and be well positioned to take on any big financial obstacles with confidence.
Loans: There usually isn't much of a difference between the best options available to someone who has an excellent credit score compared to someone who has a perfect credit score. With an excellent credit score you will still qualify for the best rates available along with having negotiating power to try and get exactly what you are looking for.
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Credit Cards: Credit cards can be rewarding if used correctly, and having an excellent credit score can help you get approved for the best offers available. It is rare that someone with a perfect credit score qualifies for a specific credit card and someone with an excellent score does not. By staying on top of your credit score and keeping it as high as reasonable possible you should have no problem qualifying for the credit card that you want.
Debt Consolidation: It happens, emergency situations, overdue bills, added expenses. If you happen to find yourself in a position where you have taken on debt and you would like to have it consolidated to obtain a better rate then having a high credit score can help tremendously. Even if you have some things on your credit report that are bringing it down, it is important to know what those things are so that you can improve on them and starting getting your credit score back to where it should be.
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