A good credit score signals to lenders that you're a responsible borrower who is likely to repay what you borrow. Your credit score is an important number that lenders look at when considering you for a loan or line of credit. The FICO® Score ranges from 300 to 850, with a good score falling between 670 and 739. On the VantageScore® range, a good credit score is 661 to 780. If your credit score falls within these ranges, you're in good shape when it comes to borrowing money.
An 800 credit score is a gold standard for excellent credit. According to Experian, this means you have an exceptional credit score. Only 23% of the scorable population has a credit score of 800 or above, according to a report by FICO. Having a credit score of 800 or above puts you in the top tier of creditworthy consumers and gives you access to the best terms and interest rates on loans and other lines of credit.
If your car breaks down or is in the shop for a covered claim, your rental reimbursement coverage will kick in and cover the cost of a rental car. This way, you can always get where you need to go, even if your own car isn't available.
You're finally old enough to buy your own car. But can you be on your parents' insurance if the car is in your name? We think so, and here's why.