Credit Score Excellent Range

Though the industry specific models score on a different scale it is probably safe to assume a fico score 8 in the excellent range will equal a respectable score under the auto or bankcard score models as well.

Credit score excellent range.

An excellent credit score helps you save money. What is a good credit score range. In that light consider a credit score of 700. Credit scores calculated using the fico score or vantagescore 3 0 scoring models range from 300 to 850.

Trying to interpret a credit score without knowing its score range is a little like dressing to go outside when you re told the temperature is 30 but not whether that s in degrees fahrenheit or celsius. Knowing which scale to apply makes a huge difference. A fair credit score range is a score that falls. For fico scores a good credit score is 670 to 739 with a higher score being very good or excellent.

The credit scoring model the lender is using brand type and version. If you have a credit score of 800 to 850 then you re in the 20 elite of potential borrowers. The standard fico credit scoring scale goes from 300 to 850 with higher numbers reflecting better credit. Under the fico model the most exceptional credit scores are 800 or better up to the highest credit score possible 850.

A lender could deny an application for another reason such as having a high debt to income ratio but those with top credit scores likely won t have their applications denied because of their credit scores. Very good and excellent. Remember the above example that showed that a 760 fico score gets you the top rate of 2 857 on a 30 year fixed 300 000 mortgage. A perfect credit score of 850 is hard to get but an excellent credit score is more achievable.

What is a fair credit score range. A guide to credit score ranges. When you apply for new credit lenders use credit scores to predict your level of credit risk. From excellent to bad.

If you want to get the best credit cards mortgages and competitive loan rates which can save. This is the highest you can go in the range. That results in a 1 242 monthly payment on principal and interest. For a score with a range between 300 850 a credit score of 700 or above is generally considered good.

Most credit scores fall between 600 and 750. Some lenders and reporting agencies might go all the way up to 850 if they don t consider exceptional credit to be its own category. If you want to figure out what is considered an excellent credit score by a lender you ll need to know the following.