Is 820 a good credit score?

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A 820 credit score is in the "excellent" range, so you may expect guaranteed instant approval for low-interest Personal Loans up to $35,000. Short-term Payday Loans won’t be a problem either. Compare the rates and choose convenient terms. Moreover, find out what influences your credit score most of all and follow some simple advice not to damage your credit history.

What is considered an excellent credit score?

820 credit score falls within the range of scores from 800 and above, which is considered “Excellent Score” by FICO rating. It’s the highest score range possible. Any lender will gladly approve a borrower with 820 credit score. Your creditworthiness lets you get loans and other services at the best rates and terms. An excellent 820 credit score gives the borrowers 99% approval chances from any lending company either online or traditional banking organizations.

Though, for borrowers with bad credit there’re also enough options to get the necessary cash in emergency situation.

Only 19% of Americans have a credit score of 820. Though a lot of banks require good credit, for online lenders it’s not the main criterion.

Excellent credit score range

Find out what are the other credit score types according to the FICO range:

Score Range

Value Range


Excellent Credit Score

800 & Above


Very Good Credit Score

740 - 799


Good Credit Score

670 - 739


Fair Credit Score

580 - 669


Poor Credit Score

579 & Below





What is 820 credit score?

A 820 credit score is "excellent" according to the standard 300-to-850 FICO score scale. A 820 credit score will let you apply almost for any loan type and get guaranteed approval from both online lenders and banks or credit unions. Just choose the necessary amount, make sure your state doesn’t prohibit such loans and get instant decision with same day funding. Compare the rates to choose the cheapest loan for a very good credit score.

Here’s an overview of a 820 credit score:

  • Credit Rating: Excellent
  • Loan Options: Low Interest Personal Loans, Cheap Payday Loans, Bank loans, Mortgages, Car Title Loans, Alternative Loans form Credit Unions, and more.
  • Loan Cost:  APR starting at 3.99%
  • Best Option: Low Interest Personal Loan with monthly payments

820 Credit Score Loan Options

As 820 is an excellent credit score, which lets you apply for cheap and convenient loans from legit lenders, or if you have a bank account – apply from a bank. Members of federal credit unions may choose the loan there. It’s also recommended to apply to lending companies that report to the major credit bureaus. It will help you to enrich your credit history with positive experience and reach the highest score possible.

How to get 820 Credit Score?

Though your 820 score is already excellent, it’s not the reason to stop working at your credit history. It’s always possible to make it even more perfect.

Just follow this expert advice and in several months you are guaranteed to stay at this excellent credit score level:

  • Get a free credit report to check your credit score. It will help you prioritize any credit missteps you should address first
  • Pay bills on time and try not to use more than 30% of the credit limit on all your credit cards. The less you use, the better it is for your score.
  • Apply for secured loans backed by collateral.
  • Consider a  credit-builder loan.
  • If you can’t repay any loan, discuss a  debt-management plan  to get some relief.
  • Apply for a secured credit card. Regular payments will be reflected in your credit report and will contribute to your credit score improvement.

What’s a bad credit score?

If we speak about a standard FICO score range between 300-850, a bad credit score is 579 and below. Bad credit may become a problem for loan approval sometimes and may lead to higher rates. That’s why it’s better to improve it and check your score regularly not to come into poor credit range.

What’s the highest credit score?

The credit score above 800 is considered to be excellent. The highest possible score according to the major scoring models is 850. Only 20% of Americans can boast of the score higher than 800.

Can you have a 900 credit score?

The most popular credit score models  use a range of 300 to 850. So a credit score of 900 isn't possible with those models. But some older models, as well as some alternative scoresdo go up to 900 (or even beyond).

Does checking your credit score lower it?

First of all, let’s check what main factors affect your credit score. It will let you build the correct tactics how to improve the score.

FICO Scoring Model Calculation (Weight) Factors

Credit Factors

Credit Score Weight

Payment History


Credit Utilization


Credit Age


Different Types of Credit


Number of Inquiries


Which of the following most influences your credit score?

  • Bankruptcy – can hurt your score significantly. Besides, it stays on your report for a long time - 7 up to 10 years. Only with time the score will recover.
  • Credit utilization rate shouldn’t rise over 30% to avoid hurting your credit score.
  • Late or missed payments on bills take about 35% of the affect on credit score. Try to avoid it.
  • Duration of credit history - a longer credit history tends to lead to a higher credit score.
  • Total outstanding debt and types of loans you take out are responsible for 10% of your FICO® Score. The richer your credit portfolio is the better.
  • Multiple loan applications recently can lower your credit score. The fewer hard inquiries you have the safer your score is. So, avoid applying to a lot of lenders or choose those with no hard credit check.

(Checking your own credit is a soft inquiry and does not affect your credit score.)

Dealing with credit report errors

It’s useful to check your credit report not only to find out your score but also to make sure it contains only correct information. There may be some errors which must be corrected immediately to avoid damaging your 820 excellent credit score.

Negative incorrect information takes 33% of all the factors that can damage your credit score!

How to dispute your credit report?

If you noticed any errors on your credit report, you should immediately file a dispute with the credit bureau.

Check my credit score

Even if you are sure that you have good credit, it’s recommended to check your credit score and get your free credit report from EquifaxExperian, or TransUnion at least once a year.  It will let you be informed and provide access to more loan options, lower interest rates, and reduced fees and terms.

How Good Is Your Credit Score?

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