What Is A Good Fico Credit Score Range

Having a credit score between 670 and 739 places a borrower near or slightly above the average of u s.

What is a good fico credit score range.

Fico scores in the 740 to 799 range are deemed very good. 740 to 799 is very good. Fico scores and scores by vantagescore are two of the most common types of credit scores but industry specific scores also exist. 580 to 669 is below.

Fico s credit scoring model has gone through many iterations the one above is fico score 8 the latest is fico score 9 many lenders especially mortgage lenders are. For fico scores a good credit score is 670 to 739 with a higher score being very good or excellent. That means the same credit score could represent something different depending on which credit model a lender uses. Vantagescore s fair or average range of 650 to 699 is one of the most populous with 18 3 of people falling into that credit score range.

Generally speaking the credit bureaus consider any score over 650 to be a good credit score credit scores calculated using the fico score or vantagescore 3 0 scoring models range from 300 to 850. Individuals with scores in this range may qualify for better interest rates from lenders. Fico scores range from 300 to 850. Fico s credit scoring models use either a range of 300 to 850 or a range of 250 to 900 but in either case higher credit scores can indicate you may be less risky to lenders credit card issuers and other types of lenders.

Fico scores are used by many lenders and often range from 300 to. Fico scores in the range of 670 to 739 are rated good. As you can see different credit scoring models may have different ranges and scoring criteria. 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.

670 to 739. 670 to 739 is good and represents the median credit score range. Though the average fico score is actually above this range more than 20 of people still fall into this category. The fact that many americans have good credit scores is promising.

A 703 fico score falls within the range of good credit 670 to 739. One of the most well known types of credit score are fico scores created by the fair isaac corporation. Consumers as the national average fico score is 704 as of. This range includes the average u s.

Credit score and lenders view consumers with scores in this range as acceptable. This is pretty straightforward the higher your score the better off you are.