If you’re looking for reasons to maintain your good credit, here are some great benefits to consider. At a minimum, you might have to pay extra on your contract until you’ve established yourself with the provider. People with good credit avoid paying a security deposit and may receive a discounted purchase price on the latest phones by signing a contract. Security deposits are sometimes $100 to $200 and a huge inconvenience when you’re relocating. You may not be planning to move soon, but a natural disaster or an unforeseen circumstance could change your plans. A good credit score means you’re less likely to have to pay a security deposit when you establish utility service in your name or transfer service to another location.
670-739 Good740-799 Very Good800+ Exceptional
For VantageScore, they’re:
661-780 Prime781-850 Superprime
Other factors that impact your score are the length of your credit history, new credit applications, and your credit mix.
