What Is Great Credit Score Range

However it s important to understand there are a large number of different models used by lenders.

What is great credit score range.

Consumers who fall between 720 and 850 typically qualify for the lowest interest rates or best credit cards. Common credit score facts for a score with a range between 300 850 a credit score of 700 or above is generally considered good. N a while both models maintain five categories of credit score types and cover the same number range each divides them differently. A credit score that falls in the good to excellent range can be a game changer.

Most credit scores fall between 600 and 750. 800 to 850 consumers with a credit score in the range of 720 to 850 are considered consistently responsible when it comes to managing their borrowing and are prime. For fico scores a good credit score is 670 to 739 with a higher score being very good or excellent. Generally speaking the credit bureaus consider any score over 650 to be a good credit score.

For the crop of base fico scores the very good range goes from 740 to 799. Individuals with scores in this range may qualify for better interest rates from lenders. This range includes the average u s. For fico a good score ranges from 670 to 739.

Fico scores typically range from 300 to 850. The bar for excellence begins. Credit scores calculated using the fico score or vantagescore 3 0 scoring models range from 300 to 850. The most widely used credit score model fico ranges from 300 to 850.

And lenders create or use their own standards when making credit based decisions. Vantagescore deems a score of 661 to 780 to be good. A vantagescore 3 0 score of 661 could put you in the good range for example while a 661 fico score may be considered fair. Credit score and lenders view consumers with scores in this range as acceptable borrowers.

Though it varies across credit scoring models a score of 670 or higher is generally considered good. Fico scores in the 740 to 799 range are deemed very good. Fico scores in the range of 670 to 739 are rated good. In other words what one lender might consider very good another could consider good.

According to experian only about 18 2 of the population has a score within this range. A score of 800 or more is considered an exceptional fico score. Credit scores are calculated using information in your credit reports credit scores generally range from 300 to 850 different lenders have different criteria when it comes to granting credit it s an age old question we receive and to answer it requires that we start with the basics.