How to get your credit score above 800

In the US, the higher your credit score, the better chances you have of getting a loan or a new credit card.

The most popular scoring model ranges from 300 to 850, with anything above 800 considered exceptional.

Crossing the 800 mark may seem tough but it's possible. All you need to do is ensure you're regularly improving.

Once you reach the 800 threshold, you're likely to be approved for a loan and qualify for the lowest interest rate.

1. The best way is to pay your bills on time every month, even if it is the minimum payment amount. It's a start.

2. The total credit and loans you have compared to your total credit limit is the second most important aspect.

3. Have a longer credit history to boost your score as it gives lenders a better look at your background with repayments.

4. Have a diverse mix of accounts, while limiting the number of new accounts you open, to help improve your score.

5. Review your credit report and report any discrepencies so credit bureaus can correct and boost your score.