Is 761 a good credit score for a 20 years old?
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Or do I need to work harder on improving my credit?
Depends if it’s Fico or Vantage…
Where did you get this score? Is it Fico? Vantage?
There’s a big difference between the two. A 761 Fico is considered an excellent score, and it’s unlikely for people at your age to have such a high score. The average Fico for people your age is around 640 (See average-fico-score.html).
More likely that the score you have is a Vantage score. That would suggest that your score is average at best, which better correlate with young people that have a “short” credit history.
In general, vantage scores are worthless. The 3 major credit bureaus sell them to customers like you, but over 90% of lender still use Fico.
You can see a comparison between Fico and Vantage scores here.
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