what does 777 credit score mean

What Does 777 Credit Score Mean?

April 15, 2024 • 710 views

A credit score depicts your creditworthiness and repayment capacity. But is a score of 777 good? How does it impact your creditworthiness? Is there a scope for improvement? Let’s answer all your questions.

777 Credit Score: is It Good or Bad? 

Maintaining a good credit score is mandatory for availing a credit card, home loan, personal loan and other credit facilities. A credit score lying within the range of 740 to 799 is considered a good score. Hence, a credit score of 777 is well above average.

Now, the question arises: Is a credit score of 777 good? A 777 credit score lies below the excellent range of 800 and above, but as per the CIBIL score, it is near perfection and better than a good score. You can avail of low-interest rates with favourable offers on credit cards, loans and other credit facilities. So, a 777 credit score may be considered as good.

How to Get a 777 Credit Score?

1. Pay your bills on time: Timely repayment of credit card bills and loan EMIs is essential.

2. Keep your credit utilisation low: It is advisable to limit your credit utilisation to 30%.

3. Build a credit mix: Keep a mix of credit such as credit cards, instalment loans, mortgage loans, etc.

4. Limit new credit applications: It is advisable to avoid applying for multiple credit within a short span.

5. Monitor you credit score: Check your credit score regularly to for errors and inaccuracies. Report any errors you find.

While you may be looking to achieve a specific score, there’s no exact way or formula to reach a 777 score. You can follow these steps to achieve a 777 credit score or even higher. The ideal range of a good credit score is 700 and above.

Also Read - How CIBIL Score is Calculated | A Step-by-Step Guide

Factors Contributing to a Good Credit Score

 Here is a detailed overview of factors that will help you get a good credit score:

1. Payment History

This is the first and foremost factor to consider to get an excellent credit score. Your payment history constitutes about 35% of your credit score. Paying your bills on time will build your credit history as your habit of making timely payments is recorded. To keep improving your creditworthiness, set autopay options to ensure to never miss your payment deadlines.

2. Credit Usage

Credit usage constitutes about 30% of your credit score. The credit utilisation ratio depicts the percentage of total available credit you are currently using. Adding up the credit account balance and dividing it by your total credit limit determines your credit utilisation ratio.

It is recommended to keep the credit utilisation ratio less than 30%. Using your entire credit fully negatively affects your credit score. Thus, utilise only a small percentage of your credit limits on all credit cards to get to an excellent credit score.

3. Length of Credit History

Length of credit history constitutes about 15% of your credit score and reflects how long you have been using your credit accounts along with the account's average age. To maintain a good record of length of credit history, avoid late payments and make good credit decisions. If you are responsible enough, you can easily manage your credit accounts and build a positive credit history.

4. Credit Mix

Credit mix reflects variations of credit accounts you are using that include loans, credit cards, mortgage loans, unsecured loans and more. This factor constitutes only 10% of your credit score. Maintaining a diverse mix of credit creates a positive impact on your CIBIL score. This also displays your ability to manage debts over time.

However, if there is a lack of diversity in credit accounts, do not opt for unnecessary debt to diversify your credit mix. Apply when you are capable of managing it responsibly.

5. New Credit

Opening a new credit account constitutes around 10% of your credit score. Opting for multiple credit accounts at a time might be risky and can hamper your credit score. When applying for a new credit card or a loan, you undergo a process of hard inquiry. Hard inquiry creates a short-term negative impact on your credit score.

Thus, to minimise the negative impact, maintain a limit on making new credit card applications.

Also Read - How to Improve CIBIL Score to Get a Loan at Lower Interest Rates?

To Conclude

777 credit score signifies an above-average creditworthiness and financial stability of a borrower. There’s no exact formula for achieving a 777 credit score, but you can achieve it by paying bills regularly, keeping your credit utilisation low, building a credit mix, and limiting new credit applications. You can also achieve a score higher than this. Factors like strong payment history, credit mix, and low utilisation ratio, along with responsible handling of credit facilities, contribute to achieving a perfect score. Remember, building a perfect score takes time and consistent effort.


We take utmost care to provide information based on internal data and reliable sources. However, this article and associated web pages provide generic information for reference purposes only. Readers must make an informed decision by reviewing the products offered and the terms and conditions. Loan disbursal is at the sole discretion of Poonawalla Fincorp.
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poonawalla fincorp team

Poonawalla Fincorp Team

Our team of expert writers and editors are passionate about providing authentic and valuable information on finance. Our aim is to simplify financial and finance-related concepts. We strive to help our readers become more aware and empowered to make informed financial decisions.

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