It is quite amusing how we as human beings are always compared to numbers. We are identified by our Social Security Numbers, our age is recorded by numbers and to purchase freely we must have a good credit rating over 720.

Having a score over 720 definitely is a good credit score that can just about guarantee you will qualify for any item you want. The decision however will still be based on your finances, for example, you will not qualify for a new Bentley even with a great credit profile if you only make 36K per year.

Credit scores range from 340 to 850. The evidence of a credit score that has risen over the 720 mark means that you have been paying your bills on time, have an established credit history and that you are a low risk for defaulting on your loans. The rewards for making your credit a priority also has many other advantages beyond just being able to purchase high ticket items.

A good rating also means that you get to pay less for items than other people with a lower score. This may seem a little bit unfair but that is the rewards of staying on top of your credit profile. The better your credit score is the lesser interest rate you will have to pay. This advantage can save you tons of money in the long run.

Another distinctive advantage in having a good credit rating is the ability to qualify for employment opportunities with financial establishments. This may also seem unfair, but many employers nowadays only hire people with credit scores that are 720 and above. Employers now use a potential employees credit score as an indicator of their work ethics, loyalty and their ability to make good sound decisions.

A score under 720 is not a great credit rating but it is not the end of the world. The good news is that you can always raise your score to the desired level with discipline spending and not living beyond your means. The fist step will be to pull a copy of your credit report and see if you can improve on some of the negative items on your credit bureau.

There are several ways to improve on your credit score within a short period of time. Some of the best ways to improve your score fast are: paying your bills on time, lowering your debt to income ratio, avoiding too many inquiries on your credit, and removing negative items that were place on your credit bureau erroneously.

As a consumer, it is your responsibility to know what your credit score is at all times. Nowadays, staying on top of your credit rating is rather simple, there are many services that offer free credit score with monitoring. These services will let you know when your score rises or dips below the magic number for keeping your credit worthiness in tact. The only thing left for you to do as a consumer is exercise good judgment and check your email for credit monitoring updates.