What Is A Good Fico Credit Score Range

Instead of ranging between 300 and 850 the industry specific scores range between 250 and 900.

What is a good fico credit score range.

The formula that fair isaac uses to calculate your fico score is kept secret sort of like the recipe for coca cola. Fico is one of the most common types of credit scores which were originated by the fair isaac corporation. Additionally the credit score ranges are different from the traditional fico model. The high range is between 800 and 900.

Therefore a fico score that is above 680 is known as an average good fico score. Realistically it s highly unlikely for someone to have such horrible credit as to have a 300 score those who have been through a messy bankruptcy could easily wind up at 400 or below. 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 that you may be less risky to lenders credit card issuers and other types of lenders. Fico scores are used by many lenders and often range from 300 to 850.

On the other hand a vantagescore credit score of 785 would be considered excellent. What is a good vantagescore. 300 579 the bottom range for the fico score model runs from 300 to 579 and happily has the fewest number of people at just 17. It s common knowledge that the low range of a fico score is between 300 and 400.

Fico s credit scoring model has gone through many iterations the one above is fico score 8. Fico score ranges. Credit scores around 700 are considered the threshold to good credit. The latest is fico score 9 many lenders especially mortgage lenders are reticent to change something they know works so they haven t upgraded as yet.

Fico scores range between 300 and 850. On the auto credit range for example you ll want at least a 750 to get the best interest rates. Lenders are comfortable with this fico score range and the decision to extend credit is much easier. Good credit score 680 739.

A fico score of 670 or above is considered a good credit score while a score of 800 or above is considered exceptional.