A credit score of 726 is considered a good credit score. It means you are likely to qualify for most loans and credit cards with better terms than people with lower scores.
Your credit score is based on your payment history, the amount of debt you have, and how much credit you use. You can improve your credit score by paying all your bills on time and keeping your debt levels low.
Overview of a 726 Credit Score
A credit score is one of the most important factors lenders and creditors use to determine your creditworthiness. It affects everything from your loan terms to your mortgage rates, and even your future job prospects.
A 726 credit score is in the middle of a credit score range known as “good.” This range includes scores from 670 to 739, and typically indicates a borrower who has demonstrated responsible credit behavior.
Lenders may extend credit to borrowers with credit scores in this range, but they might not charge the best interest rates and might only offer selective product offers. As a result, it’s important to manage your credit responsibly, and raise your score before applying for new loans or credit cards.
Credit Card Options with a 726 Credit Score
When you have a 726 credit score, you have access to an excellent range of credit cards that can help you earn rewards on purchases, travel, and more. You can also find introductory 0% APR offers that can save you on interest for a limited time.
Increasing your score can open up even more credit card options and make it easier to qualify for the most attractive terms. However, your score is only one factor lenders consider when making lending decisions.
Other factors to consider when shopping for a new credit card are annual fees, interest rates and rewards programs. It’s important to shop around for the best possible deal, and to make your payments on time each month.
Auto Loans with a 726 Credit Score
A 726 credit score is considered Good, which means that it can be a decent starting point for securing an auto loan. However, it is worth aiming for higher scores if you want to qualify for better interest rates.
The best way to do this is to improve your credit score by paying down debt and reducing your balances, applying for new credit and avoiding late payments. This will take time and effort, but the results can save you money in the long run.
Most lenders group borrowers into categories based on credit-scoring models like FICO and VantageScore, which can be helpful for shopping around for the best terms and rates. The most influential factor is the credit band your score falls into, as this reflects the risk you pose to creditors and helps determine your interest rate.
Personal Loan Options with a 726 Credit Score
If you have a credit score in the 726 range, you should be able to find a personal loan that fits your needs. These unsecured loans often come with low rates and favorable terms, making them an affordable option for a wide range of personal goals.
It’s important to shop around for the best rates, however, as lenders can differ slightly in how they calculate scores and the types of offers available. Compare online lenders with NerdWallet’s personal loan comparison tool to see which options match your criteria.
If you have a credit score in the seven-digit range, it’s easy to get mortgage, auto and personal loans, as well as some credit cards. But if you have a lower score, repairing your credit may be the best way to improve your chances of getting approved and unlocking better loan terms for the long term.
Mortgages with a 726 Credit Score
You can qualify for a mortgage with a 726 credit score, assuming your income and employment situation are strong enough to support the loan. However, lenders generally don’t offer the best mortgage rates to borrowers with scores in this range.
Your credit score is based on your total debt and credit mix, which includes both installment loans (like mortgages) and revolving credit accounts (like credit cards). A high score suggests that you’re managing your debt well and are a good candidate for a mortgage.
Getting approved for a mortgage is a complex process that requires many factors. As a result, it’s important to shop around for the best rates and terms. This can be done by applying at multiple lenders and requesting a copy of your credit report from each of the three major credit bureaus.