710 Credit Score: Is it Good or Bad?

A credit score of 710 roughly falls under the fair to good category and demonstrates responsible financial behaviour. It signifies that you have a fair track record of timely payments and a healthy credit profile, making you a low-risk borrower. 

 

While this score opens doors to various credit opportunities, there’s still room for improvement to secure even better financial benefits.

Each credit bureau in India evaluates credit scores differently, but a 710 score generally reflects good creditworthiness. Here's how it is classified:

A score of 710 signifies that you are a reliable borrower, but lenders may still look at other factors like income, existing liabilities, and repayment capacity when evaluating your creditworthiness.

A 710 credit score provides access to several financial benefits, though some may still come with limitations compared to higher scores:

1. Easier Loan Approvals

A score of 710 makes you eligible for personal loans, home loans, or car loans. While approvals may come faster, some lenders may still impose higher interest rates compared to very good scores.

2. Competitive Interest Rates

While not the lowest rates available, a 710 credit score can help you qualify for fairly competitive interest rates on loans, saving you money over time.

3. Access to Credit Cards with Benefits

You are likely to qualify for mid-tier credit cards that offer cashback, rewards, and discounts. However, ultra-premium cards may still require a higher score.

4. Decent Credit Limits

A score of 710 allows you to negotiate for moderate credit limits, offering flexibility for routine expenses or emergencies.

5. Emergency Loan Access

Lenders are more likely to approve quick loans or credit lines for a borrower with a 710 credit score, ensuring financial security during emergencies.

6. Build Towards Premium Financial Products

While a 710 score is good, consistent improvement can help you move into the excellent range, unlocking access to premium credit cards and lower loan rates.

Consistent financial discipline can help you maintain or improve a 710 credit score. Here’s how:

1. Make Timely Payments

Pay all bills, EMIs, and credit card dues on or before the due date. Missed payments can negatively affect your credit score.

2. Monitor Your Credit Report

Regularly check your credit report to identify and rectify any errors or discrepancies that may be impacting your score.

3. Keep Credit Utilisation Below 30%

Avoid using more than 30% of your available credit limit. For instance, if your total credit limit is ₹1 Lakh, try to limit your spending to ₹30,000 or less.

4. Avoid Excessive Credit Applications

Refrain from applying for multiple loans or credit cards within a short time, as each application leads to a hard inquiry, which can reduce your score.

5. Maintain a Balanced Credit Portfolio

Having a mix of secured loans (like home loans) and unsecured loans (like personal loans) indicates good credit management.

6. Pay Off Existing Debt

Clearing outstanding debts systematically not only improves your debt-to-income ratio but also enhances your overall credit profile.

7. Retain Long-standing Credit Accounts

Older accounts with positive repayment histories increase your credit age, which positively impacts your credit score.

A 710 credit score reflects satisfactory financial habits and offers access to a range of credit opportunities. By continuing to make timely payments, maintaining low credit utilisation, and monitoring your credit report, you can sustain or even improve this score. Moving beyond 710 towards the very good or excellent range can unlock lower interest rates, premium credit cards, and greater financial flexibility, making your financial journey even smoother.