l usually see many advertisements and such claiming that a good credit score is like 720 and that you can pretty much qualify for everything.l recently checked my credit score and in one year went from 642 to 805. l was more than ecstatic to see that, but now l am wondering what benefit is there from say a 750 score vs a 805 score vs a 900 score.Does it really mean anyting in terms of value when applying for a loan? Will a mortgage rate go from say 6.8 to 6.7 ?I am just wondering if l should consciously try to raise my score or if there is really no point.

Thanks!

Do what you can to keep it where it is. That means paying the bills on time and not getting over-extended. When you go apply for a new car loan or home loan the high 805 score will get you approved instantly and will get you the lowest interest rate available. A higher score means you are less of a risk to the lender so they charge you less interest.