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  Your credit score is a vital part of your financial health. Whether you're applying for a loan, credit card, mortgage, or even renting an apartment, your credit score plays a major role in the approval process. A higher score not only improves your chances of approval but can also help you qualify for better terms and lower interest rates. Learning how to improve your credit score can empower you to take control of your financial future. What Is a Credit Score? A credit score is a three-digit number that reflects your creditworthiness. It typically ranges from 300 to 850 . The higher the number, the better your credit profile appears to lenders. Credit scores are calculated by credit bureaus such as Experian, Equifax, and TransUnion based on various factors related to your borrowing and repayment history. Why Is a Good Credit Score Important? A strong credit score gives you access to: Lower interest rates on loans and credit cards Higher credit limits Easier approval for rental...

  A 720 credit score is generally considered good by most credit reporting agencies, including FICO and VantageScore. Falling within the "good" credit range (typically 670–739), a 720 score suggests responsible credit management and low risk to lenders. If you have this score, you're likely to qualify for a wide variety of financial products, including credit cards, auto loans, personal loans, and even mortgages with competitive interest rates and favorable terms .   Understanding the Credit Score Scale Credit scores typically range from 300 to 850 . Here’s how the ranges break down according to FICO: Poor: 300–579 Fair: 580–669 Good: 670–739 Very Good: 740–799 Excellent: 800–850 With a 720 credit score , you’re solidly in the “Good” category , which places you well above the national average. It shows lenders that you’ve demonstrated financial responsibility over time, which increases your chances of approval for various types of credit. What Does a 720 Credit Sco...