What Is Great Credit Score Range

Consumers who fall between 720 and 850 typically qualify for the lowest interest rates or best credit cards.

What is great credit score range.

For fico scores a good credit score is 670 to 739 with a higher score being very good or excellent. Most credit scores fall between 600 and 750. Vantagescore deems a score of 661 to 780 to be good. In other words what one lender might consider very good another could consider good.

Generally speaking the credit bureaus consider any score over 650 to be a good credit score. Don t worry if your score isn t more than 800 though. For fico a good score ranges from 670 to 739. However it s important to understand there are a large number of different models used by lenders.

According to experian only about 18 2 of the population has a score within this range. Though it varies across credit scoring models a score of 670 or higher is generally considered good. A credit score that falls in the good to excellent range can be a game changer. 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.

What is a credit score anyway. Fico scores typically range from 300 to 850. The most widely used credit score model fico ranges from 300 to 850. 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. A score of 800 or above on the same range is considered to be excellent. Credit scores calculated using the fico score or vantagescore 3 0 scoring models range from 300 to 850. For the crop of base fico scores the very good range goes from 740 to 799.

The bar for excellence begins. And lenders create or use their own standards when making credit based decisions. Common credit score facts for a score with a range between 300 850 a credit score of 700 or above is generally considered good. Fico scores in the range of 670 to 739 are rated good.

Fico scores in the 740 to 799 range are deemed very good. This range includes the average u s. 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.