Don't let errors on your Credit Report hurt your future opportunities. Learn More

Home / Credit Scores / 713 Credit Score: Is It Good Or Bad (+ Can I Fix It)?

713 Credit Score: Is It Good Or Bad (+ Can I Fix It)?

  • A 713 credit score is good but may not qualify for the best loan rates.
  • Simple strategies can help potentially boost your score, like paying bills on time and managing credit utilization.
  • Call The Credit Pros to explore tailored solutions that could help maximize your score and improve your financial future.

Pull your 3-bureau report and see how you can identify and remove errors on your report.

See How You Can Improve Your Score

89 people started their credit fight today - join them!

BBB A+ rating credit repair company

A 713 credit score is good, but it doesn’t reach the "excellent" level. You can boost this score by using a few simple strategies. Make sure to pay your bills on time, keep your credit utilization under 30%, and mix up your credit types. This can help you improve your score by 50 to 100 points.

Even with a score of 713, you could still miss out on the best mortgage and personal loan rates. Lenders might approve you, but raising your score can get you better terms. To fix this, give The Credit Pros a call for a relaxed chat. We'll check your credit report and create solutions that fit your needs. Don’t let a good score hold you back—let’s maximize it together!

On This Page:

    Why Is My Credit Score Only 713 (And Not Perfect)?

    Your credit score of 713 is good, but it's not perfect. A perfect score is usually above 850. Several factors can explain why your score isn't higher:

    • Credit History: A shorter credit history can limit your score. Longer, responsible credit use generally enhances scores.

    • Payment History: Late or missed payments—even a few—can hurt your score.

    • Credit Utilization: High usage of your available credit may lower your score. Aim to keep your utilization below 30%.

    • Types of Credit: Having a mix of credit types (like credit cards and loans) can boost your score. Relying on only one type might restrict your score's potential.

    • Hard Inquiries: Multiple credit applications in a short time lead to hard inquiries, which can temporarily decrease your score.

    You can improve your score by managing these factors carefully. If you enhance these areas, you might increase your score above 713. For tailored advice, check our section on the 5 best ways to boost a 713 credit score by 50-100+ points.

    In essence, focus on building a longer credit history, making timely payments, lowering your credit utilization, diversifying your credit types, and monitoring hard inquiries to improve your credit score. You’ve got this!

    5 Best Ways To Boost A 713 Credit Score 50-100+ Points?

    To boost your 713 credit score by 50-100+ points, follow these five actionable steps:

    • Make On-time Payments: You should always pay your bills on time. Late payments significantly impact your credit score, so set up autopay for at least the minimum payment.

    • Reduce Credit Card Balances: Focus on paying down high-interest credit card debt first. Lowering your overall balances can greatly improve your credit utilization ratio, which is vital for your score.

    • Limit New Credit Applications: Avoid applying for new credit cards or loans too often. Each inquiry can slightly lower your score, so apply only when necessary.

    • Utilize Experian Boost: Use Experian Boost to add utility and rental payments to your credit report. This tool quickly enhances your score by recognizing payments that credit bureaus typically overlook.

    • Check Your Credit Report for Errors: Regularly review your credit report for inaccuracies. You need to dispute any errors you find, as correcting them can lead to a score increase.

    Each step is simple yet impactful, increasing your chances of a significant score boost. To wrap up, focus on on-time payments, reduce your credit card balances, limit new applications, utilize Experian Boost, and check for errors on your report. Implement these strategies regularly, and monitor your progress for the best results.

    How Long To Improve My 713 Credit Score 50-100+ Points?

    To improve your 713 credit score by 50 to 100+ points, you can expect this process to take anywhere from a few months to over a year, depending on your financial habits. Actively focusing on specific strategies can lead to quicker results.

    • Pay On Time: Always pay your bills on time. This has the most significant impact on your score. If you miss payments, your score drops, but timely payments gradually reduce that negative impact.

    • Reduce Debt: Lower your credit card balances. Aim for a utilization rate below 30% of your total credit limit. Paying down high balances can lead to an immediate score boost.

    • Add Positive Accounts: Use tools like Experian Boost® to gain credit for paying rent or utilities. This positively affects your credit history.

    • Limit Hard Inquiries: Avoid frequent applications for new credit. Each hard inquiry can slightly decrease your score. Too many inquiries in a short time can make you appear risky to lenders.

    • Monitor Your Credit: Regularly check your credit reports for errors. Disputing incorrect information can lead to a quick score improvement.

    By consistently implementing these steps, you can see improvements within a few months. For more substantial increases, maintaining these habits is essential and may take up to a year, especially if you're starting with a higher score. On the whole, focus on timely payments, reducing debt, and monitoring your credit to elevate your score effectively.

    Can I Get The Best Mortgage Rates With A 713 Credit Score?

    Yes, you can get the best mortgage rates with a 713 credit score, but your options may be limited compared to those with higher scores. A 713 score is considered good, falling within the 670-739 range that lenders typically view as acceptable. Most lenders will likely approve you for a mortgage, but they might not offer you the absolute lowest rates available.

    Lenders categorize credit scores into tiers, influencing the rates they provide. The best rates typically go to scores above 740. With a 713 score, you can secure decent rates, but they won't be as favorable as those for higher scores. Your overall financial profile, including income and debt-to-income ratio, and the type of loan you choose (conventional, FHA, etc.), will also impact your mortgage terms.

    To improve your mortgage prospects, consider raising your credit score. Even a few points can enhance your rate eligibility and possibly bring you into a more favorable tier. Check your score through online services and use a mortgage calculator to see how different rates affect your potential payments.

    Bottom line - while a 713 credit score is good enough to obtain a mortgage, aiming for a higher score will likely yield better rates and terms.

    Inaccuracies hurting your Credit Score?
    Securely review your full 3-bureau Credit Report (with a real expert).

    By clicking ‘Get Started’ I agree by electronic signature to: (1) be contacted by The Credit Pros by a live agent, artificial or prerecorded voice, and SMS text at my residential or cellular number, dialed manually or by autodialer even if my phone number is on a do-not-call registry (consent to be contacted is not a condition to purchase services); and (2) the Privacy Policy and Terms of Use.

    Any Practical Benefits Of A 713 Credit Score

    You enjoy several practical benefits with a 713 credit score. It ranks in the "good" range, which means you can access various credit products more easily than those with lower scores.

    You receive favorable interest rates. Lenders typically offer lower rates to individuals like you with scores around 713, leading to significant savings over time.

    Your chances of loan approval increase. A score of 713 reflects responsible credit behavior, making you a more attractive borrowing candidate.

    Additionally, this score enhances your financial opportunities. Renting an apartment or leasing a car becomes easier since many landlords and dealerships prefer applicants with good credit.

    You also benefit in insurance contexts. Some car and homeowners insurance companies use credit scores to determine premiums. A good score can help you secure lower rates on these policies.

    In a nutshell, your 713 credit score opens doors to better loan options, lower interest rates, smoother rental processes, and potentially reduced insurance costs, giving you a strong foundation for financial success.

    Can I Get Good Personal Loan Rates With A 713 Credit Score?

    Yes, you can get good personal loan rates with a 713 credit score. This score is generally viewed as good and often qualifies you for favorable terms. Most lenders consider scores between 700 and 749 as low risk, though you might not receive the very best rates available.

    Here are key points to keep in mind:

    • Lender Differences: Each lender has unique criteria. While some might see your 713 score as average, others may offer competitive rates.

    • Interest Rates: Expect slightly higher interest rates than those with scores above 740. Lenders reward higher scores with better rates.

    • Banking Relationships: If you already have a bank you work with, apply there. They may be more understanding of your score due to your history with them.

    • Boosting Your Score: If you have time, improve your credit score before applying. Pay off debts to lower your credit utilization ratio.

    • Consider Secured Loans: If you find it tough to secure a loan, look at secured loans or credit unions, which often provide better rates for good credit.

    All in all, your 713 credit score opens the door to personal loans. By comparing lender offers and possibly improving your score, you can find the best rates available.

    Can I Buy Or Lease A Car With A 713 Credit Score?

    Yes, you can buy or lease a car with a 713 credit score. A score of 713 is considered good, allowing you to secure favorable loan terms. Lenders see you as a lower-risk borrower, which means you may get better interest rates.

    When you visit a dealership or financial institution, bring proof of income and a solid payment history to strengthen your application. A larger down payment can further improve your approval chances.

    Leasing is also an option for you. With your score, dealerships are likely to present attractive lease terms. Just be mindful of any mileage limits and potential fees at the lease's end.

    The gist of it is that with a 713 credit score, you have good options for buying or leasing a car. Prepare your documents and consider making a down payment to enhance your chances of a favorable deal.

    Credit Card (Secured Or Unsecured) Options With A 713 Credit Score?

    With a 713 credit score, you have great choices for both secured and unsecured credit cards. For unsecured options, consider cards from trusted banks like Capital One or Discover. These often feature reasonable interest rates and attractive rewards programs, allowing you to earn cashback or travel rewards.

    If you're looking at secured credit cards, think about options from OpenSky or Citi. These typically require a cash deposit that serves as your credit limit. They help you build your credit history, as many report to all three major credit bureaus, improving your score over time with responsible use.

    To maintain and enhance your credit score, keep your credit utilization below 30% on any credit card. Pay your bills on time, as this significantly impacts your credit assessment. Regularly reviewing your credit reports for accuracy is also important.

    Remember, focus on responsible use. Choose cards that fit your spending habits, keep your utilization low, and always pay on time. This approach will help you maintain and improve your credit score over time.

    Inaccuracies hurting your Credit Score?
    Securely review your full 3-bureau Credit Report (with a real expert).

    By clicking ‘Get Started’ I agree by electronic signature to: (1) be contacted by The Credit Pros by a live agent, artificial or prerecorded voice, and SMS text at my residential or cellular number, dialed manually or by autodialer even if my phone number is on a do-not-call registry (consent to be contacted is not a condition to purchase services); and (2) the Privacy Policy and Terms of Use.

    Should I Become An Authorized User If I Want To Boost My 'Good' Credit Score

    Yes, you should consider becoming an authorized user if you want to boost your good credit score. This strategy allows you to benefit from someone else's strong credit history, which can significantly enhance your score.

    When you join as an authorized user, the credit card account's activity appears on your credit report. If the primary account holder has a good payment history, it can positively impact your score. However, choose wisely; if they have missed payments or high balances, it could hurt your credit.

    Here’s what you need to do:
    • Select a primary account holder with a good (670-799) or excellent (800-850) credit score.
    • Confirm that the credit card issuer reports authorized user activity to all major bureaus: Experian, Equifax, and TransUnion.
    • Understand your role: you can make purchases, but the primary account holder is responsible for payments.

    If your credit history is limited or your score is low, this can be especially beneficial. At the end of the day, by carefully choosing the right primary account holder and maintaining a good relationship, you can effectively boost your credit score and open doors to better financial opportunities.

    Which Negative Marks On My Credit Report Affect My 713 Score?

    Negative marks on your credit report that affect your 713 score include missed payments, bankruptcies, civil judgments, and tax liens. These derogatory marks show you did not repay loans as agreed and can seriously harm your credit score, remaining on your report for seven to ten years.

    Here’s how each negative mark impacts your score:

    • Late Payments: A single late payment can significantly drop your score since payment history makes up about 35% of your FICO score.
    • Bankruptcies: This stays on your report for up to ten years and has a severe impact.
    • Civil Judgments and Tax Liens: These can linger for around seven years or longer, indicating financial distress.

    The damage from these marks decreases over time. If you maintain good payment habits after a negative mark, your score can recover sooner. It’s essential for you to regularly check your credit report for accuracy. If you find errors, dispute them promptly to safeguard your score.

    Lastly, focus on maintaining good payment practices and monitor your credit report to improve your score and mitigate the impact of negative marks.

    Should I Negotiate And Pay Off Debts To Improve My 'Good' Credit Score?

    You should negotiate and pay off debts to improve your 'good' credit score. The effects of negotiating depend on your approach. Settling a debt may lower your score initially because it indicates you didn’t meet the original repayment terms. When you negotiate and settle for less, creditors mark your account as "paid-settled," which doesn’t fully satisfy the original agreement. This can affect how lenders view you.

    Negotiating helps you avoid more significant issues like delinquency or bankruptcy. By lowering your debt, you can improve your credit utilization ratio, which is a vital factor in your score. This ratio compares the amount of credit you use to your total credit limit. Reducing debt can improve your credit utilization and positively impact your score over time.

    As you actively manage your payments and reduce your debt, your score can gradually increase. Keep in mind, the time it takes varies based on your credit history and the seriousness of previous delinquencies. While negotiating and paying off debts might initially hurt your score, it can lead to a healthier financial future.

    We advise you to consult experts or organizations for guidance during this process. Engaging directly with creditors is often more effective than hiring debt settlement companies, which can harm your credit further. If your debt is manageable, prioritizing full repayment is the best way to maintain and improve your credit score.

    Finally, focus on negotiating to reduce debt while keeping up with payments. This approach helps maintain your credit score and leads you toward a better financial situation.

    Best Site To Monitor My Credit Report?

    The best site to monitor your credit report is NerdWallet. You gain free access to your credit report and score, and you receive alerts for any changes. You can easily track your progress, and checking your report does not hurt your credit score.

    Another solid option is Experian. It provides real-time alerts about new inquiries or suspicious activities on your credit report. You can sign up without a credit card and benefit from their Experian Boost feature, which may help raise your score.

    For more extensive services, consider Aura. It combines credit monitoring with identity theft protection and offers a 14-day free trial.

    You should also check out CreditWise from Capital One. It’s free, doesn’t require a credit card for sign-up, and features dark web scanning. This service is available to everyone, even non-Capital One customers.

    Big picture - staying informed about your credit health is crucial. Use these reliable resources to monitor your credit report and detect potential fraud early.

    Inaccuracies hurting your Credit Score?
    Securely review your full 3-bureau Credit Report (with a real expert).

    By clicking ‘Get Started’ I agree by electronic signature to: (1) be contacted by The Credit Pros by a live agent, artificial or prerecorded voice, and SMS text at my residential or cellular number, dialed manually or by autodialer even if my phone number is on a do-not-call registry (consent to be contacted is not a condition to purchase services); and (2) the Privacy Policy and Terms of Use.

    Should I Consider A Credit Builder Loan W/ 'Good' Credit?

    Yes, you should consider a credit builder loan even if you have 'good' credit. These loans help you strengthen your credit history through regular, on-time payments. With a good credit score, a credit builder loan enables you to showcase consistent payment behavior, which can further enhance your credit score.

    Typically, these loans require you to deposit money into a savings account before accessing it at the end of the term. This structure not only solidifies your credit history but also encourages saving over time. The lender reports your payments to credit bureaus, reinforcing your reliability as a borrower.

    While a credit builder loan may not be essential for you, it can still provide valuable benefits. It helps enhance your credit profile for future borrowing, such as when applying for a mortgage or an auto loan. Just remember to budget for the monthly payments since you will be paying interest on the loan.

    Overall, considering a credit builder loan can be a smart move to boost your financial standing and prepare you for larger loans down the line.

    Is A 713 Credit Score Different Between Fico And Vantage

    Yes, a 713 credit score can differ between FICO and VantageScore models. Here’s what you need to know:

    - Scoring Range: Both models use a scale from 300 to 850. Your 713 score is considered "good credit" in both systems.

    - Criteria: FICO prioritizes factors like payment history and amounts owed. In contrast, VantageScore considers payment history, credit utilization, and types of credit. This means your score may vary due to how each model evaluates these factors.

    - Model Specifics: VantageScore may include non-traditional credit accounts, such as utility payments, which FICO normally excludes, impacting your scores differently.

    - Updates: Both scoring algorithms change over time. This can lead to different results based on updates to criteria and the data used.

    - Lender Preferences: Lenders might favor one model over the other. This choice can affect the score you see compared to the score they evaluate.

    As a final point, understanding these differences helps you manage your credit profile better. For more insights on your 713 credit score, consider looking into "why is my credit score only 713" and "best ways to boost a 713 credit score.

    Does My 713 Credit Score Affect My Chance To Rent An Apartment?

    Yes, your 713 credit score affects your chance to rent an apartment. A score of 713 is classified as good and typically indicates responsible credit behavior. Many landlords and property management companies use credit scores to evaluate your reliability as a tenant. Here’s how it works:

    • Positive Impression: With a 713 score, you demonstrate a history of making payments on time, boosting your chances of rental approval.
    • Competitive Markets: In competitive rental markets, landlords might prefer higher scores; however, 713 positions you well. Most landlords accept scores above 650, giving you an advantage.
    • Potential Benefits: This score can also help you secure better lease terms or lower security deposits.

    Keep in mind that other factors are important too. Landlords may also evaluate your income, rental history, and references. Depending on the rental market, they might adopt a more lenient or strict approach.

    To enhance your chances further, strengthen your rental application by providing strong references or showcasing stable income. This strategy can help you become a top candidate for your desired apartment.

    To put it simply, a 713 credit score positively influences your rental application, but focusing on other factors, like references and income, can further improve your chances of securing the apartment you want.

    Can A Credit Repair Company Actually Boost My 'Good' Score Any Further

    Yes, a credit repair company can boost your good credit score. These companies focus on removing negative items from your credit report, like late payments or collections, which can enhance your overall score. However, they can only address inaccuracies; accurate negative information cannot be removed.

    You might hire a credit repair company to dispute errors, but you can also do this yourself at no cost. You may find it easier to hire a company if you feel overwhelmed; their expertise helps navigate credit reporting complexities.

    If you're considering using a credit repair service, it's vital to choose a reputable one. Watch out for scams, as some companies make promises they cannot fulfill. Credible services charge fees, so evaluate the costs against potential benefits.

    To further improve your score, explore options like becoming an authorized user on a strong account or negotiating debts. We cover these topics in our upcoming sections.

    In short, a credit repair company can help enhance your credit score, but ensure you choose wisely and consider other methods to maximize your credit potential.

    Inaccuracies hurting your Credit Score?
    Securely review your full 3-bureau Credit Report (with a real expert).

    By clicking ‘Get Started’ I agree by electronic signature to: (1) be contacted by The Credit Pros by a live agent, artificial or prerecorded voice, and SMS text at my residential or cellular number, dialed manually or by autodialer even if my phone number is on a do-not-call registry (consent to be contacted is not a condition to purchase services); and (2) the Privacy Policy and Terms of Use.

    Privacy and Cookies
    We use cookies on our website. Your interactions and personal data may be collected on our websites by us and our partners in accordance with our Privacy Policy and Terms & Conditions