What Is A Good Fico Credit Score Range

What is a good fico score.

What is a good fico credit score range.

One of the most well known types of credit score are fico scores created by the fair isaac corporation. 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 703 fico score falls within the range of good credit 670 to 739.

740 to 799 is very good. What is a good fico score. Consumers as the national average fico score is 704 as of. 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.

Having a credit score between 670 and 739 places a borrower near or slightly above the average of u s. Credit score and lenders view consumers with scores in this range as acceptable. Fico scores are used by many lenders and often range from 300 to. The fact that many americans have good credit scores is promising.

Fico scores range from 300 to 850. 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. Fico scores and scores by vantagescore are two of the most common types of credit scores but industry specific scores also exist. 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.

You ll be able to get a better interest rate and have access to more products that are reserved for capable borrowers with good scores. For fico scores a good credit score is 670 to 739 with a higher score being very good or excellent. 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. This range includes the average u s.

That means the same credit score could represent something different depending on which credit model a lender uses. Though the average fico score is actually above this range more than 20 of people still fall into this category. 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. 580 to 669 is below.

670 to 739. 670 to 739 is good and represents the median credit score range.