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What are the 5 ranges of a credit score?

What are the 5 ranges of a credit score?

What Do Your Credit Scores Mean?

  • Exceptional: 800 to 850. FICO® Scores ranging from 800 to 850 are considered exceptional.
  • Very good: 740 to 799. FICO® Scores in the 740 to 799 range are deemed very good.
  • Good: 670 to 739. FICO® Scores in the range of 670 to 739 are rated good.
  • Fair: 580 to 669.
  • Poor: 300 to 579.

Is a 1200 credit score good?

Very Good Credit: 740 to 799. Good Credit: 670 to 739. Fair Credit: 580 to 669. Poor Credit: Under 580.

How good is a 850 credit score?

Your 850 FICO® Score is nearly perfect and will be seen as a sign of near-flawless credit management. Your likelihood of defaulting on your bills will be considered extremely low, and you can expect lenders to offer you their best deals, including the lowest-available interest rates.

Is 740 a good credit score?

Your FICO® Score falls within a range, from 740 to 799, that may be considered Very Good. A 740 FICO® Score is above the average credit score. Borrowers with scores in the Very Good range typically qualify for lenders’ better interest rates and product offers.

What numbers are good credit scores?

Pay bills on time. Payment history is the most important factor in calculating your credit score and paying bills on time every month is critical to maintaining good credit.

  • Pay debt. Reducing credit card balances is a great way to keep the utilization rate of credit low.
  • Make pending payments.
  • Do you know what’s a good credit score range?

    According to Experian, one of the three major credit bureaus, here are the credit score ranges: Excellent: 750 to 850 Good: 700 to 749 Fair: 650 to 699 Poor: 550 to 649 Very poor: 300 to 549

    What score is considered a good credit 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
  • Is 780 a good credit score?

    With a score between 780 and 900, you can’t ask for a better score. score between 700 and 780 is usually considered good, so a high payment may not have a lot of problems getting approved. Is A 620 Credit Score Good In Canada?