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Achieving a perfect credit score would be great, but not necessary. The FICO credit scoring model ranges from 300 (bad credit) to 850 (perfect credit). If your credit score
is in the mid 700's, there is no advantage having a higher score because you're still going to get the same interest rates either way. However, if your credit score is not in the mid 700's, there is
room for improvement.
If your credit score is good and you want to try to improve your credit score to perfection, then here are some helpful tips. First, even if you pay off your credit card balances every month, you may
still show a balance on the day your credit report is pulled. Creditors like to see individuals who use credit sparingly. This tells lenders that a individual will not have a problem paying future loans.
Second, the FICO credit scoring model will examine how much of your available credit you are currently using and will penalize your score if it's too high (50% and above). Ideally, the lowest is the
best, but on a average, creditors like to see no more than 35%. Third, try not to apply for credit more then twice a year. Too many credit inquiries within a two year period will lower your credit
score. Finally, and this goes without saying, make every monthly payment on time. One late payment on your credit report can drop a credit score up to 100 points.
It is a good idea to pull your own credit report once in a while to check for errors. Pulling your own credit report will not hurt and affect your credit score.
When trying to achieve a perfect credit score, just keep paying your bills on time, maintain low credit card balances , and apply for credit only when you need it and not every time you just want
it.