785 Credit Score: Good Or Bad? And What Can I Get With A 785 Credit Score?

Summary:
Having a 785 credit score, regarded as "Very Good" by the FICO credit score model, can profoundly influence your financial journey. Not only does it sway lenders' decisions when assessing your applications for various credit types such as personal loans, credit cards, leases, and mortgages, but it also affords you more favorable terms. With this score, you are likely to secure lower interest rates on loans, making your credit endeavors more affordable. If you aim to enhance your credit score further, consider timely settlement of any overdue payments, ensure the accuracy of your credit history, and contemplate diversifying your credit portfolio for a healthy credit mix.

A credit score of 785 is in the "Very Good" range (740 to 799) and is reserved for consumers that consistently display responsible financial behavior. With a 785 credit score, you should enjoy access to a wide selection of loans and credit cards. However, keep in mind that credit approval is never a guarantee, and your interest rates might be slightly elevated compared to those with an "Excellent" score, depending on the lender.

But does a "Very Good" credit score leave any room for improvement? Can you enhance your score to secure lower interest rates further? Absolutely! While it isn't an overnight task, there are several strategies you can employ to boost your credit score and ascend to an "Excellent" rating. Continue reading to gain insights into the components of a credit score, what a 785 score implies for your financing options, and how you can incrementally improve your score.

How is Your Credit Score of 785 Determined?

Understanding how your 785 credit score is calculated provides a foundation for improving it. Your credit score is based on different factors, each contributing uniquely to the overall score. These factors include:

  • Payment history: This factor has the most significant impact on your credit score. It reflects your track record of making on-time payments for your bills, loans, and credit card balances.
  • Amounts owed: This represents your credit utilization ratio, that is, the amount of credit you're using compared to your available credit limit. Maintaining a ratio below 30% is ideal to have a positive effect on your credit score.
  • Length of credit history: The age of your oldest and newest credit accounts and the average age of all your accounts contribute to your credit score. Even inactive accounts can benefit your score if they've been open for a long time.
  • Credit mix: Having a mix of different types of credit (credit cards, auto loans, mortgages, etc.) can show lenders that you're capable of managing various forms of credit responsibly.
  • New credit: The number of recently opened credit accounts and the number of inquiries into your credit history can affect your score. Each time you apply for a loan or credit, the lender checks your credit history, which is counted as an inquiry.
How FICO calculates credit scores

What Does Your Credit Score of 785 Mean?

A credit score of 785 falls into the "Very Good" category. This indicates that you're a relatively low-risk borrower, which can be appealing to potential lenders. However, there's always room for improvement, and increasing your score even further can unlock even more financial opportunities.

Credit score range% of consumersDelinquency rate
300-57916%61%
580-66917%28%
670-73921%8%
740-79925%2%
800-85021%1%

How Does Your 785 Credit Score Stack Up?

A 785 credit score is considered quite good, and you are likely to be offered better than average interest rates and more favorable terms on loans and credit cards. However, remember that credit scores are continually evolving, and it's important to maintain good financial habits to keep your score high.

The table below links to in-depth articles for all credit scores.

Credit scoreScale
300Poor
301Poor
302Poor
303Poor
304Poor
305Poor
306Poor
307Poor
308Poor
309Poor
310Poor
311Poor
312Poor
313Poor
314Poor
315Poor
316Poor
317Poor
318Poor
319Poor
320Poor
321Poor
322Poor
323Poor
324Poor
325Poor
326Poor
327Poor
328Poor
329Poor
330Poor
331Poor
332Poor
333Poor
334Poor
335Poor
336Poor
337Poor
338Poor
339Poor
340Poor
341Poor
342Poor
343Poor
344Poor
345Poor
346Poor
347Poor
348Poor
349Poor
350Poor
351Poor
352Poor
353Poor
354Poor
355Poor
356Poor
357Poor
358Poor
359Poor
360Poor
361Poor
362Poor
363Poor
364Poor
365Poor
366Poor
367Poor
368Poor
369Poor
370Poor
371Poor
372Poor
373Poor
374Poor
375Poor
376Poor
377Poor
378Poor
379Poor
380Poor
381Poor
382Poor
383Poor
384Poor
385Poor
386Poor
387Poor
388Poor
389Poor
390Poor
391Poor
392Poor
393Poor
394Poor
395Poor
396Poor
397Poor
398Poor
399Poor
400Poor
401Poor
402Poor
403Poor
404Poor
405Poor
406Poor
407Poor
408Poor
409Poor
410Poor
411Poor
412Poor
413Poor
414Poor
415Poor
416Poor
417Poor
418Poor
419Poor
420Poor
421Poor
422Poor
423Poor
424Poor
425Poor
426Poor
427Poor
428Poor
429Poor
430Poor
431Poor
432Poor
433Poor
434Poor
435Poor
436Poor
437Poor
438Poor
439Poor
440Poor
441Poor
442Poor
443Poor
444Poor
445Poor
446Poor
447Poor
448Poor
449Poor
450Poor
451Poor
452Poor
453Poor
454Poor
455Poor
456Poor
457Poor
458Poor
459Poor
460Poor
461Poor
462Poor
463Poor
464Poor
465Poor
466Poor
467Poor
468Poor
469Poor
470Poor
471Poor
472Poor
473Poor
474Poor
475Poor
476Poor
477Poor
478Poor
479Poor
480Poor
481Poor
482Poor
483Poor
484Poor
485Poor
486Poor
487Poor
488Poor
489Poor
490Poor
491Poor
492Poor
493Poor
494Poor
495Poor
496Poor
497Poor
498Poor
499Poor
500Poor
501Poor
502Poor
503Poor
504Poor
505Poor
506Poor
507Poor
508Poor
509Poor
510Poor
511Poor
512Poor
513Poor
514Poor
515Poor
516Poor
517Poor
518Poor
519Poor
520Poor
521Poor
522Poor
523Poor
524Poor
525Poor
526Poor
527Poor
528Poor
529Poor
530Poor
531Poor
532Poor
533Poor
534Poor
535Poor
536Poor
537Poor
538Poor
539Poor
540Poor
541Poor
542Poor
543Poor
544Poor
545Poor
546Poor
547Poor
548Poor
549Poor
550Poor
551Poor
552Poor
553Poor
554Poor
555Poor
556Poor
557Poor
558Poor
559Poor
560Poor
561Poor
562Poor
563Poor
564Poor
565Poor
566Poor
567Poor
568Poor
569Poor
570Poor
571Poor
572Poor
573Poor
574Poor
575Poor
576Poor
577Poor
578Poor
579Poor
580Fair
581Fair
582Fair
583Fair
584Fair
585Fair
586Fair
587Fair
588Fair
589Fair
590Fair
591Fair
592Fair
593Fair
594Fair
595Fair
596Fair
597Fair
598Fair
599Fair
600Fair
601Fair
602Fair
603Fair
604Fair
605Fair
606Fair
607Fair
608Fair
609Fair
610Fair
611Fair
612Fair
613Fair
614Fair
615Fair
616Fair
617Fair
618Fair
619Fair
620Fair
621Fair
622Fair
623Fair
624Fair
625Fair
626Fair
627Fair
628Fair
629Fair
630Fair
631Fair
632Fair
633Fair
634Fair
635Fair
636Fair
637Fair
638Fair
639Fair
640Fair
641Fair
642Fair
643Fair
644Fair
645Fair
646Fair
647Fair
648Fair
649Fair
650Fair
651Fair
652Fair
653Fair
654Fair
655Fair
656Fair
657Fair
658Fair
659Fair
660Fair
661Fair
662Fair
663Fair
664Fair
665Fair
666Fair
667Fair
668Fair
669Fair
670Good
671Good
672Good
673Good
674Good
675Good
676Good
677Good
678Good
679Good
680Good
681Good
682Good
683Good
684Good
685Good
686Good
687Good
688Good
689Good
690Good
691Good
692Good
693Good
694Good
695Good
696Good
697Good
698Good
699Good
700Good
701Good
702Good
703Good
704Good
705Good
706Good
707Good
708Good
709Good
710Good
711Good
712Good
713Good
714Good
715Good
716Good
717Good
718Good
719Good
720Good
721Good
722Good
723Good
724Good
725Good
726Good
727Good
728Good
729Good
730Good
731Good
732Good
733Good
734Good
735Good
736Good
737Good
738Good
739Good
740Very Good
741Very Good
742Very Good
743Very Good
744Very Good
745Very Good
746Very Good
747Very Good
748Very Good
749Very Good
750Very Good
751Very Good
752Very Good
753Very Good
754Very Good
755Very Good
756Very Good
757Very Good
758Very Good
759Very Good
760Very Good
761Very Good
762Very Good
763Very Good
764Very Good
765Very Good
766Very Good
767Very Good
768Very Good
769Very Good
770Very Good
771Very Good
772Very Good
773Very Good
774Very Good
775Very Good
776Very Good
777Very Good
778Very Good
779Very Good
780Very Good
781Very Good
782Very Good
783Very Good
784Very Good
785Very Good
786Very Good
787Very Good
788Very Good
789Very Good
790Very Good
791Very Good
792Very Good
793Very Good
794Very Good
795Very Good
796Very Good
797Very Good
798Very Good
799Very Good
800Excellent
801Excellent
802Excellent
803Excellent
804Excellent
805Excellent
806Excellent
807Excellent
808Excellent
809Excellent
810Excellent
811Excellent
812Excellent
813Excellent
814Excellent
815Excellent
816Excellent
817Excellent
818Excellent
819Excellent
820Excellent
821Excellent
822Excellent
823Excellent
824Excellent
825Excellent
826Excellent
827Excellent
828Excellent
829Excellent
830Excellent
831Excellent
832Excellent
833Excellent
834Excellent
835Excellent
836Excellent
837Excellent
838Excellent
839Excellent
840Excellent
841Excellent
842Excellent
843Excellent
844Excellent
845Excellent
846Excellent
847Excellent
848Excellent
849Excellent
850Excellent

What Can You Get with a 785 Credit Score?

A 785 credit score opens the door to a variety of financial opportunities. Here are a few examples:

  • Credit Cards: With a "Very Good" credit score, you'll likely qualify for credit cards with lower interest rates, higher credit limits, and more attractive reward programs.
  • Loans: Whether you're applying for a personal loan, auto loan, or home loan, a higher credit score can secure you lower interest rates, saving you a significant amount of money over the life of the loan.
  • Rental Applications: Landlords often check potential tenants' credit scores. A high score can increase your chances of being approved for a rental application.

Common credit cards for a 785 credit score

There are numerous credit cards that you could apply for with a 785. Nonetheless, the best card for you hinges on your expenditure habits and financial objectives. With the comparison tool provided below, you can explore various credit cards designed for those with a 785. Alongside reviewing the APRs you're eligible for, ensure to familiarize yourself with the fees you may need to pay, including annual fees.

Frequently chosen personal loans for a 785 credit score

Similar to credit cards, a 785 permits you to apply for a range of personal loans, including both secured and unsecured loans. However, to pinpoint the best personal loan for you, it's necessary to evaluate all your options.

Auto loans with a 785 credit score

Fortunately, over half of all approved auto loans are made to applicants with FICO scores above 661, as per Experian. Although a score of 785 doesn't guarantee you an auto loan, you stand a good chance of being approved. Nevertheless, to ensure you secure the most favorable loan conditions, you may want to accumulate funds for a larger down payment or work on improving your credit score prior to applying for auto loans. As shown in the table below, a higher credit score can save you hundreds of dollars over the duration of the loan.
Credit scoreAPRMonthly paymentTotal interest paid
720 - 8506.511%$237$1,386
690 - 7197.744%$243$1,661
660 - 6899.573%$252$2,076
620 - 65910.739%$257$2,345
590 - 61915.055%$279$3,372
500 - 58916.484%$286$3,723
*Rates above for a $10,000 48-month used auto loan.
Having said that, numerous auto loan lenders have previously approved applicants with a 785.

Mortgages and home loans with a 785 credit score

Those with credit scores above 620 typically comprise a large percentage of successful mortgage applicants. Similarly to auto loans, enhancing your score can save you substantial amounts of money on a mortgage.
Credit scoreAPRMonthly paymentTotal interest paid
760 - 8506.129%$304$59,416
700 - 7596.351%$311$62,014
680 - 6996.528%$317$64,104
660 - 6796.742%$324$66,652
640 - 6597.172%$338$71,841
620 - 6397.718%$357$78,556
*Rates above for a $50,000 30-year fixed rate mortgage.
That said, your credit score isn't the only criterion mortgage lenders examine in your application. Alongside your credit, lenders will also evaluate your debt-to-income ratio (DTI), which illustrates what portion of your income is committed to repaying debts.Ideally, this ratio should be as low as possible. Most mortgage lenders prefer a DTI below 43%. If your DTI is under this threshold, you can begin comparing mortgages for a 785, such as those shown below.

Student loans with a 785 credit score

Fortunately, student loans are some of the most straightforward to obtain with a credit score of 785. As most students are still in the process of building credit, it's reasonable for student loans to have less rigorous credit prerequisites. Indeed, federal student loans typically don't require a minimum credit score. While private student loan lenders generally impose stricter requirements, a score of 785 should still allow you to secure the financing you need.

Strategies to Improve a 785 Credit Score

While your credit score is already in the "Very Good" range, you can still take steps to improve it:

  • Keep making payments on time: Timely payment of your bills and debts is crucial for maintaining and improving your credit score.
  • Maintain a low credit utilization ratio: Try to use less of your available credit. A lower credit utilization ratio can improve your score.
  • Avoid opening too many new credit accounts at once: Each time you apply for new credit, it can lead to a hard inquiry on your credit report, which can temporarily lower your score.
  • Regularly check your credit report: It's crucial to review your credit report regularly and dispute any errors you find, as these can negatively impact your score.

FAQs

Can I get approved for credit with a 785 credit score?

Definitely! A 785 credit score sits in the "Very Good" range and can help you get your hands on various types of credit, such as credit cards, car loans, and personal loans. You're also a likely candidate for home loans, but keep in mind, the exact terms and interest rates you get will depend on a few other things too like your income and your current debt situation.

Is a 785 a good credit score for buying a house?

Yes, it is! With a 785, you're looking at a pretty good chance of qualifying for a mortgage. But don't forget, being approved for a home loan isn't just about your credit score. Lenders will also take into account things like how much debt you have in comparison to your income, how stable your employment is, and how much you're planning to put down on the house.

How much can I borrow with a 785 credit score?

Having a 785 sets you up well to qualify for a decent loan, but the exact amount you can borrow will also depend on things like your income, the type of loan you want, and each lender's specific rules. Just because you can potentially borrow a big amount, doesn't mean you should. Always stick to what you can comfortably pay back.

What benefits does a 785 credit score offer?

A 785 credit score comes with some pretty cool benefits. You can expect potentially lower interest rates on loans, a smoother ride when it comes to rental approvals, and possibly better car insurance rates. Plus, you'll have access to some pretty good credit cards with nice rewards.

Is a 785 credit score rare?

A 785 is considered "Very Good," and while it's definitely something to brag about, it's not exactly rare. There's a decent chunk of people with scores in this range.

Why is it hard to get a 785 credit score?

Working up to a 785 isn't a piece of cake because it takes consistent, responsible credit behavior. You need to be on top of paying all your bills on time, keep your credit usage low, and have a good mix of credit accounts.

How reliable are credit monitoring services like Credit Karma?

Credit monitoring services like Credit Karma give a solid estimate of your credit score and are great for keeping track of any changes. But remember, when it comes to the final word on your creditworthiness, lenders might use slightly different models or versions of credit scores.

What's the highest possible credit score in the US?

The FICO and VantageScore models both top out at 850 for the highest possible credit score. But getting all the way there is pretty rare, and it takes some seriously impressive credit management over a long time.

Key Takeaways

  • A 785 puts you in the "Very Good" credit range as per FICO standards, and a decent number of Americans fall into this bracket.
  • Remember, your payment history is a major factor when your credit score is calculated.
  • If you're aiming to boost your score, make sure all your payments are on time, maintain low credit utilization, and have a healthy mix of credit accounts.
  • Having a 785 credit score typically means you'll have a relatively easy time getting approved for loans or credit cards, including mortgages and car loans.
  • Improving your credit score from "Very Good" to "Excellent" is a journey rather than a sprint. Continue demonstrating responsible credit behavior to reach that coveted 800 and above.
View Article Sources
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  2. CFPB to Supervise Credit Reporting — Consumer Financial Protection Bureau
  3. Credit Reporting — Office of the Comptroller of the Currency
  4. My debt is several years old. Can debt collectors still collect? — Consumer Financial Protection Bureau
  5. How to Improve Your Credit Score — SuperMoney
  6. Top 10 Factors That Affect Your Credit Score — SuperMoney
  7. Do Medical Bills Appear On Your Credit Reports? — SuperMoney
  8. What is the Quickest Way to Fix Your Credit Score? — SuperMoney
  9. How to Illegally Change Your Credit Score (And Why You Shouldn't Try) — SuperMoney
  10. How Long Does it Take to Improve Your Credit Score? — SuperMoney
  11. How to Raise Your Credit Score by 100 Points — SuperMoney
  12. Do Personal Loans Build Credit? — SuperMoney
  13. What is Considered a Good Credit Score? 5 Major Factors That Determine Your Score — SuperMoney
  14. How Many Credit Bureaus Are There in the United States? If You Answered 3, Try Again — SuperMoney
  15. Best Credit Repair Companies — SuperMoney