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Having an 800 credit score is considered excellent. In fact, a Fico score between 800 and 850 is considered exceptional credit. Only 21% of consumers have credit scores in this range and an abundance of perks come with having this credit score, most importantly, excellent loan terms whatever the amount you are borrowing.
How Much Money Can I Get With an 800 Credit Score?
If you qualify for a loan and can afford it, there isn’t necessarily a limit to how much you can borrow with an 800 credit score.
You may be able to take out:
- A personal loan for $100,000
- A car loan for $250,000
- A home loan mortgage for $2.5 million
Borrowing amounts on a personal loan are usually based on the credit score of the borrower, their payment history, their employment history, their income, and their debt-to- income ratio.
One of the best ways to borrow money is through online lenders like Credible, LendingTree, and LightStream that offer personal loans with favourable terms for borrowes with good, very good, and excellent credit scores.