717 Credit Score: Good or Bad?

A 717 credit score shows you are good with managing money, but how it’s seen depends on the credit bureau. While TransUnion CIBIL terms it ‘Fair’, Experian and Equifax see it as ‘Good’, and CRIF High Mark rates it as ‘Excellent’. While a 717 CIBIL score can get you loans and credit cards, improving it can help you get better deals.

Here’s how a 717 credit score is rated by credit bureaus:

Here are the advantages of a 717 credit score:

1. Easier Loan Approvals

Banks and lenders are more likely to approve your loan applications with this score.

2. Good Interest Rates

You can get loans with reasonable interest rates, but a higher score could get even better deals.

3. Eligibility for Credit Cards

A 717 credit score lets you apply for credit cards with rewards, cashback, and decent limits.

4. Access to Emergency Funds

You can use a personal loan or credit line during emergencies with a 717 CIBIL score.

5. Room for Improvement

A 717 credit score is a good starting point to improve and get access to premium financial products.

Follow these steps to maintain or boost your 717 CIBIL score:

1. Pay Bills on Time

Always pay your credit card bills, EMIs, and other dues before the due date.

2. Use Less Credit

Spend less than 30% of your credit limit. For example, if your limit is ₹1 Lakh, try to spend under ₹30,000.

3. Check Your Credit Report

Look at your credit report often to catch and fix mistakes that might hurt your score.

4. Avoid Applying for Too Much Credit

Applying for many loans or credit cards in a short time can temporarily lower your score.

5. Keep Old Credit Accounts Open

Older accounts with good payment histories help boost your score.

6. Pay Off Debts

Reduce your debts to improve your debt-to-income ratio, which helps your score.

7. Have Different Types of Credit

Consider both secured loans (like home loans) and unsecured loans (like personal loans) to show lenders you can manage credit well.

A 717 credit score shows you are responsible with money but could improve further. Paying bills on time, keeping your spending low, and checking your credit report can help boost your score. A higher score can get you lower interest rates and better financial options.