What Is a Good Credit Score?
our credit score is one of the most important numbers in your financial life. Whether you're applying for a business loan, a new credit card, or trying to secure funding for a new venture, your score can make or break your success. That’s why, at Consult With Erika, we offer credit repair and audit services to help you take control of your credit and reach your financial goals.
So, what exactly is considered a good credit score—and why does it matter?
Credit Score Ranges
Credit scores typically range from 300 to 850, and most lenders use the FICO or VantageScore models. Here's a quick breakdown:
Excellent: 800–850
Very Good: 740–799
Good: 670–739
Fair: 580–669
Poor: 300–579
A score of 670 or higher is generally considered "good" and signals to lenders that you’re a reliable borrower. If your score is below this, don’t worry—it’s possible to rebuild it with the right guidance and tools, such as our financial education for entrepreneurs and personalized credit repair strategies.
Why Your Credit Score Matters
Your credit score doesn’t just affect your ability to borrow—it can impact everything from interest rates to insurance premiums and even job applications. For small business owners, it also plays a huge role in your ability to access small business funding solutions or take advantage of business financial consulting services.
At Consult With Erika, we help clients understand how personal credit impacts business formation and compliance assistance as well. A strong credit foundation gives entrepreneurs the leverage they need to build business credit faster and qualify for better funding.
Factors That Affect Your Credit Score
Here’s what the scoring models look at:
Payment History (35%) – Do you pay your bills on time?
Amounts Owed (30%) – How much debt are you carrying?
Length of Credit History (15%) – How long have your accounts been active?
Credit Mix (10%) – Do you have a variety of credit types?
New Credit (10%) – Have you recently opened new accounts?
Improving your credit starts with reviewing your report, disputing inaccuracies, and creating a game plan. That’s where credit repair and audit services come in—an expert eye can make all the difference.
How to Build and Maintain a Good Credit Score
Pay your bills on time, every time
Keep your credit utilization under 30%
Avoid opening too many new accounts at once
Monitor your credit reports regularly
Seek business financial consulting services to align your personal credit with your business goals
Need a strategy tailored to you? Our team at Consult With Erika is ready to help. We combine financial education for entrepreneurs with hands-on support to boost your credit, fund your dreams, and stay compliant.
Ready to Raise Your Score?
Your credit score can unlock doors—or shut them. If you’re ready to improve your credit and take control of your financial future, we’re here to help.
