Credit Repair

Is 639 A Good Credit Score – Why You DON’T NEED a Perfect 850 Credit Score

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Is 639 A Good Credit Score – 9 Tips

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Hey credit warriors, and a lot of people often obses with getting their credit score into the 800 club or even up to the highest possible level of 850, which is as high as most scoring models go here in the United States. But the 800 club is a lot like the mile high club, you can do the same thing at a lower altitude and it is the same or better actually.

So in this video we are going to tell you why having a sky high credit score doesn’t really matter, once you are above a certain level and we will tell you what that level is so that you can always qualify for the best interest rates on any credit product you apply for. If you like the sound of that and other credit related content, hit the subscribe button and turn on notifications so you never miss a video.

So when someone starts building their credit score they normally focus on credit cards first. Once you get your credit score to around 700, you can basically get approved for any credit card. Some banks may want to see other factors, like Chase likes to see at least a year of credit history for example and some other cards may require a higher income. But assuming other factors are in order, above 700 you can get any credit card.

For other credit products like loans and mortgages credit scores determine the interest rate you will get, provided you meet the minimum credit score required for the product. Banks sort people into groups based on credit score and offer different products to different groups and also better interest rates to people with higher scores. These groups are set in stone, so if you have a 699 credit score, you wont get offered the interest rates that the people with scores of 700 and above will be offered.

So what are these credit score ranges and what score do you need to be offered the best interest rates and the best credit opportunities?

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32 Comments
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32 Comments

  1. Omega Pascubello
    July 27, 2021 at 9:04 am

    Is asking for a credit raise a hard pull?

  2. ROGER AVENTURAS
    July 27, 2021 at 9:04 am

    I am only 774 now jajaja brot nice video

  3. Nicole livinglife
    July 27, 2021 at 9:04 am

    thank u

  4. Thomas Hughes
    July 27, 2021 at 9:04 am

    Cash- One and done. The real banks are grain silos. If your dream home bankrupts you down a cascade to homelessness was it really shelter?, Or was it someone else's premeditated and scientifically orchestrated box of predatory exploitation?

  5. julius gil
    July 27, 2021 at 9:04 am

    I would celebrate hitting the 800 club by applying for a new card and immediately kicking myself out from the 800 club from a hard inquiry

  6. No Name
    July 27, 2021 at 9:04 am

    Nobody…..
    shifu: Max rewards!!!
    Next vid
    Shifu: but have you heard of max rewards?

  7. Will Bev
    July 27, 2021 at 9:04 am

    At 732 hopefully I’ll be at 800 by the end of the year

  8. klenzgaming
    July 27, 2021 at 9:04 am

    This video seems exactly what someone who can't get in the 800 club would say lol

  9. Hanibalscookbook
    July 27, 2021 at 9:04 am

    You can totally do the loan option to start building credit. You get the loan. You open another account that you don't touch the money in. You deposit all of the loan into that account and have the loan payments taken directly out of there. Only depositing more money in there to cover the interest. After a year you pay off that loan completely with the rest of the funds. Rinse and repeat.

  10. Bombero33
    July 27, 2021 at 9:04 am

    Finally reached 835 last year. Went to buy a car and the dealership was pretty confident they could offer me the lowest financing. I told them I didn’t think so, especially since I was already pretty-approved by my credit Union. They made me the offer and my credit Union was still lower. They weren’t or couldn’t offer me a lower rate.

  11. Alan Greenberg
    July 27, 2021 at 9:04 am

    Getting approved with a 700 credit score will get you a $2500 credit limit with a 25.99% APR. Fixing the problems that are keeping your scores low are more important then getting a new card with a toy limit

  12. Crash Course Gaming
    July 27, 2021 at 9:04 am

    my credit is around 830. I know i dont need it that high but damn it makes me feel good lol.

  13. IIVIIRRIIVII
    July 27, 2021 at 9:04 am

    850 isn't perfect, 900 is.

  14. LaToya Wilson
    July 27, 2021 at 9:04 am

    I am at 762 but I still want 800+ just because on principle, I want all my financial literacy the past 24 months to pay off

  15. Forza Juve
    July 27, 2021 at 9:04 am

    If you don’t borrow money , who cares

  16. Dead Pool
    July 27, 2021 at 9:04 am

    Lmao I have a 782 and I can't get approved for anything. I put down 15000 on a 25000 rv and they still denied me. Iv pretty much given up. Plus everytime I get it up high a credit card lowers my amount of credit and dings my report like30 points. Iv come to the conclusion with america going bankrupt no one wants to give people a loan.

  17. Foo Bar
    July 27, 2021 at 9:04 am

    An important point not mentioned in the video or the comment section is that you have many different FICO scores, which are used for different things. In the case of getting a mortgage, you want to check that specific FICO score because it will be different than the FICO 8 score that most people check

  18. TheTyson35
    July 27, 2021 at 9:04 am

    I was 760 but I have finally reached the 800 mark …it is a dope feeling, I must say lol 😝

  19. OpTicJay
    July 27, 2021 at 9:04 am

    This guy looks like Jim Carey

  20. Neno
    July 27, 2021 at 9:04 am

    770 to 780 Fico is perfect gives you a little wiggle room for error or recent credit seeking aplicación ~~~ don’t care about 800 + club doesn’t matter

  21. Organic Pillow
    July 27, 2021 at 9:04 am

    I'm 18 and I have 3 credit cards and I have a 704 credit score. Am i in a good spot?

  22. draconian45
    July 27, 2021 at 9:04 am

    My credit score hit 807 and I'm going to open a Charles Schwab account and try for their AMEX Platinum card.

  23. Kvasir of Old
    July 27, 2021 at 9:04 am

    I have always heard the magic number is 780. It always depends on the creditor, but from my understanding, no one requires higher than 780. AZEO is the best to maximize your score and report for mortgages.

  24. Kevin Romero
    July 27, 2021 at 9:04 am

    This is the video I needed to watch

  25. mjc63
    July 27, 2021 at 9:04 am

    Ben on credit tiers: Part I: when working with a captive lender fir a car (Honda, BMW, Subaru, Hyundai etc.) you can frequently get an accommodation by the dealer working with the lender on your behalf called obtaining a “tier bump”. This works best for the 620-720 range and can save people a lot of interest or $20-$30 payment on a lease. Part II always tell the finance manager to submit to the captive FIRST IF THEY QUOTED A SPECIAL RATE and see the terms offered. There is rarely an advantage going to your own lender over .25 point and dealers have incentives staying with their captive based on “market share”. No lenders outside captives offer 0%, and remember .90 for 72 is also an awesome rate, so don’t get hung up on “getting 0%”! PS love the haircut!

  26. Robert Tai
    July 27, 2021 at 9:04 am

    Been watching for years and this haircut is the best I’ve seen Ben!

  27. angelinaramon
    July 27, 2021 at 9:04 am

    I got my credit score to 819 last month so I can buy a house; but I was told by many I would have gotten the same rates at 760. All I did was waste time to get it that high when i could have bought a house sooner.

  28. Moti Nowrangi
    July 27, 2021 at 9:04 am

    Brilliant!

  29. Boss Bogan
    July 27, 2021 at 9:04 am

    Fun fact: In Australia a "perfect score" is 1000 (Experian or Illion) or 1200 for Equifax 🙂 .. an 850 would be considered "very good" to "great" but not perfect 🙂

  30. roxcyn
    July 27, 2021 at 9:04 am

    Awesome background!

  31. John
    July 27, 2021 at 9:04 am

    My god, he put on a jacket and did his hair!

  32. Mark Reese // Credit & Finance
    July 27, 2021 at 9:04 am

    Even the Amex Black Card doesn’t require an 850 score 😁👊