Your equifax credit score is calculated from the information in your equifax credit report.
What is a good equifax credit score range.
Why is it important to have a good credit score.
And 800 and up are considered excellent.
This can indirectly affect the range your score is in because each agency has different ranges as well.
Good this indicates a good equifax credit score.
Equifax provide credit scores out of 700 and define a good credit score as anything that s 420 or above.
A description from poor to very good.
You can see all their classifications in the table below.
The higher your score the better your chances of obtaining credit.
670 to 739 are considered good.
Although ranges vary depending on the credit scoring model generally credit scores from 580 to 669 are considered fair.
Along with a score you will also often be given an indication of what the score means e g.
Higher scores are viewed more favorably.
Depending on your score you re said to have excellent good fair poor or very poor credit.
Fair this indicates a fair equifax credit score.
740 to 799 are considered very good.
The equifax credit score tm ranges from 300 900.
Although credit scoring models vary generally credit scores from 660 to 724 are considered good.
It is calculated using information in your equifax credit report.
725 to 759 are considered very good.
466 excellent this indicates an excellent equifax credit score.
The equifax credit score ranges from 280 850.
It may even be colour coded to help you understand how good or bad the score is in other words how likely you are to credit or not.
Equifax scores range from 0 to 700.
Higher credit scores mean you have demonstrated responsible credit behaviour in the past which may make potential lenders and creditors more confident about your ability to repay a debt when evaluating your request for credit.
In fact depending on the credit bureau it can range up to 80 point difference.
Very poor this indicates a very poor equifax credit score.
Most lenders would consider your score very good.
The equifax credit score is an educational credit score designed to give you an idea of where your credit stands.
There are several reason why it s important to have a good credit score.