2007-04-17 11:54:26 · 14 answers · asked by Rock ah About 3 in Business & Finance ➔ Credit
You have excellent credit (850 is the highest) and if you apply for any loans, you can get lower interest rates than someone could with a lower credit score.
It just means you have a higher financial position & can obtain credit easier and secure the lowest interest rates. Of course lenders look at other things, like income & current outstanding debts when making their decision to determine your ability to pay back the loan.
350=lowest
850=highest
750-850 is in the 'excellent' category.
2007-04-17 12:05:53 · answer #1 · answered by ? 6 · 1⤊ 1⤋
840 Credit Score
2016-11-13 21:16:13 · answer #2 · answered by rhoat 4 · 0⤊ 0⤋
As someone else pointed out, 840 is near perfect credit. I doubt you will ever see a higher score. Most lenders will fight to get your business.
2007-04-17 13:03:12 · answer #3 · answered by STEVEN F 7 · 2⤊ 0⤋
Congratulations! You have a fantastic credit score and should not have any problems getting ANY type of loan. When you apply for a line of credit (e.g. a credit card) or a loan, you will be guaranteed the best rates available. Keep up the good work.
2007-04-17 12:10:50 · answer #4 · answered by Anonymous · 0⤊ 0⤋
I think you know exactly what it means. Anybody that can acheive an 840 knows exactly what it means because they have used credit wisely their whole life. You are just tooting your own horn. Good for you.
2007-04-17 14:14:47 · answer #5 · answered by richkvegas 3 · 3⤊ 0⤋
i feel like someone with a score of 840 would know if thats good or bad...
2014-03-25 14:30:49 · answer #6 · answered by Anonymous · 4⤊ 0⤋
It means that you have very good credit. Usually, 700 is considered excellent credit.
2007-04-17 12:02:30 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Your credit score is above the average score. congratulations coz you have a very good credit score.
2007-04-17 12:47:36 · answer #8 · answered by aleish 2 · 0⤊ 0⤋
That means you have great credit and unless you have a high debt ratio can pretty much buy anything you want on credit....
Congrats!!
2007-04-17 12:10:26 · answer #9 · answered by Miss Know It All 6 · 1⤊ 0⤋
Now I really hope you asked this question as a joke, you definitely should know what that means.
2007-04-17 13:40:03 · answer #10 · answered by mphsgurl79 3 · 2⤊ 0⤋