What does a good credit score mean?

A good credit score means you're less likely to have to pay a security deposit when you establish utility service in your name or transfer service to another location. 9. Bragging Rights

What are the benefits of good credit?

Forbes Advisor outlines nine benefits of good credit below. 1. Lower Interest Rates One of the main benefits of good credit is lower interest rates on your loans. When you apply for a loan, like a mortgage or credit card, a lender or provider typically uses your credit score to determine your interest rate.

What makes a good credit range?

A good credit range depends on where a score comes from and who’s judging it. And there are different scoring companies, so you can have more than one credit score. As the Consumer Financial Protection Bureau (CFPB) puts it, “Based on your credit reports, you will be given a credit score by the credit-reporting companies.