Financial Education
Understanding Your 785 Credit Score
A 785 credit score is great. Maintain it by ensuring a positive payment history, paying off debts, and managing credit utilization. Boost this score further by paying off credit card balances in full whenever possible.
About 25% of consumers fall into the great credit score range.¹
With the right steps and financial decisions, borrowers can get to this score, maintain it, and even improve it! Keep reading to learn all the ins and outs of a 788 credit score.
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Key Takeaways for a 785 Credit Score
Overview of Your Rating
A 785 Credit score is considered a very good credit score! You can look forward to all kinds of benefits with this score.
Borrowing Options
You’ll have a great amount of options with a 785 credit, including both secured and unsecured loan options.
Improving Your Score
Maintaining a 788 credit score is possible, but you’ll have to be strategic about your actions.
Is a 785 Credit Score Good?
Yes! As you probably know now, a 785 credit score is considered an excellent credit score. With this score, you can look forward to all kinds of benefits, and we’ll discuss those later on. With this score, you should have a lot of financial freedom and agency.
Pro Tip: Many lenders look beyond just the score. Consistent income and recent payment history can still unlock opportunities.
US Population Credit Score Distribution
25
20
15
10
5
0
300-579
580-669
670-739
740-799
800-850
Check out some of our partners...
Explore financial products tailored for your current credit standing. These partners specialize in helping people rebuild.
Credit Builder Account
Build credit while saving money simultaneously.
No hard credit pull required to apply.
Reports to all three major credit bureaus.
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Lease-to-Own Solution
Flexible lease purchase plans for essential items.
Simple process with instant decisions.
No credit required option available.
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Personal Loans
Personal loans are usually unsecured loan options that people take out for many reasons. These are usually installment loans, which means that you’ll have to repay them in steady monthly payments until the loan is repaid in full.
Bank Loans
Bank loans include a wide range of loans that a bank may offer. This could be a smaller bank that operates locally or larger commercial banks that run across the country. Because bank loans are just any loan that comes from one of these institutions, several loans can fall under this umbrella term. So, a bank loan could be:
• A credit card
• An auto loan
• A mortgage
• A private student loan
• A business loan
• A credit card
• An auto loan
• A mortgage
• A private student loan
• A business loan
Credit Cards
Credit cards are a popular form of borrowing. These are revolving accounts, which means you can borrow from them multiple times as long as you aren’t at your credit limit. If you do get to your credit limit, you can simply make a payment to then be able to use the card again. Here are some popular credit options from varying credit card issuers:
• Chase Sapphire Preferred® Card
• American Express® Gold Card
• Capital One Venture Rewards Credit Card
• Citi® Double Cash Card
• Discover it® Cash Back
• Bank of America® Customized Cash Rewards credit card
• Wells Fargo Propel American Express® card
• Chase Sapphire Preferred® Card
• American Express® Gold Card
• Capital One Venture Rewards Credit Card
• Citi® Double Cash Card
• Discover it® Cash Back
• Bank of America® Customized Cash Rewards credit card
• Wells Fargo Propel American Express® card
Action Plan
Action Plan
Action Plan
How To Maintain Your 785 Credit Score
Trying to maintain your 785 credit score? Here are some tips that can help you:
Avoid Lots of New Credit Inquiries
There are two types of credit checks—hard and soft credit inquiries. Soft credit checks do not impact your credit score. While hard credit checks do impact your scores. Having multiple hard credit inquiries in a short period of time will hurt your credit scores, so it’s essential to avoid doing that!
Keep Your Credit Card Accounts Open
Because credit cards are revolving credit, they impact your credit utilization ratio in both ways: your available credit and your current credit usage. When you close a credit card account, it can have a significant negative impact on your credit utilization ratio. And so, to help maintain your credit scores, it will be helpful to keep your credit accounts open.
Make Your Bill Payments of Time
With all credit score models, the most impactful factor that impacts your score is your payment history on your credit accounts. If you already have a 785 credit score, then you likely already have a good payment history with your accounts; however, it’s essential to maintain those on-time payments to keep that credit score high.
Keep Your Debt Low
As mentioned earlier, debt will impact several aspects of your credit and finances. And so it will be in your credit score’s best interest to keep your debt down!
Can I Buy a House With a 785 Credit Score?
Home buying comes with lots of different steps and requirements, one of them is a credit score requirement. In most cases, an average credit score of 785 should be good to pass that part of a mortgage. However, you’ll also have to pass things like the income requirements, have an acceptable debt-to-income ratio, have enough for a down payment plus closing costs, and more. Your best place to start is to talk to a mortgage broker!
Mortgage Type
Description
Credit Score Requirements
Key Features
FHA Loan
Insured by Federal Housing Administration.
As low as 500 with 10% down.
Lower down payment requirements.
VA Loans
Backed by Dept. of Veterans Affairs.
Typically 620 (varies by lender).
No down payment required; no PMI.
USDA Loans
For homebuyers in rural/suburban areas.
640 for automatic underwriting.
No down payment required.
Disclosure: This table provides estimates; requirements and features can vary by lender and situation.
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