Although ranges vary depending on the
credit scoring model, generally credit scores from 580 to 669 are considered
fair; 670 to 739 are considered good; 740 to 799 are considered very
good; and 800 and up are considered excellent.
Good, poor, or indifferent? That is the
question. The numbers tell their own story with scores between 690 and 719
considered good credit on commonly used 300-850 range while excellent rating
falls somewhere around 720 (average). For bad ratings there’s a sweet spot
below 630 where they land like Deliverance shines through winter skies, though
not without some scars from past mistakes – but we’ll get into those later!
What
is a good FICO score?
A FICO score can be a range of 300 to
850. A good FICO score is typically 700 or higher.
A FICO score can be a range of 300-850.
A good FICOscore is typically 700 or higher. This number is based on five
factors: payment history, credit utilization, length of credit history, types
of credit used and new credit.
The key to understanding your personal
FICO score is knowing the different factors that go into it and looking for
ways to improve any one factor that might be dragging down your number.
What
is a good Vantage Score?
The VantageScore was developed by the
three major credit bureaus: Experian, Equifax and TransUnion. A good Vantage
score ranges from 700 to 850.
A good Vantage Score is a score that
ranges from 700 to 850. It’s an important measure of your credit worthiness and
it can also be used as a guideline in making decisions about mortgages, bank
loans, insurance rates and mobile phone contracts.
What a
good credit score can get you?
A good credit score can
have a significant impact on your life. You can get a better interest rate on
loans, insurance rates, and more.
The higher your score is, the better
you will be able to get deals from lenders and other companies. If you have a
good FICO score of 720+, you will have access to some of the best deals on the
market – such as fixed-rate mortgages and auto loans.
A bad credit score on the other hand
will limit what you are eligible for when it comes to loans or lines of credit.
It will make it harder for people to take out large loans or even live in an
apartment complex with strict guidelines for renters.
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