Credit Scores Ranges
Poor credit scores: 300 to low-600s
It is important to know your credit score. A credit score is a number that helps lenders determine whether you are likely to repay your debts. In the United States, most people have a credit score from 300 to low-600s. Credit scores are used by banks when you apply for a loan or credit card, and by landlords when you rent an apartment.
Fair credit scores: Low-600s to mid-700s
The higher your credit score, the more likely you are to get approved for loans and lines of credit. A good credit score ranges from 700-749. A fair credit score ranges from 650-699. If your score falls below 620, you may not be able to qualify for any type of loan or line of credit at all.
Good credit scores: 700 – 799
A good credit score is a credit score that falls between 700 and 799. A person with this type of credit score is considered to be financially responsible. A good credit score is one that falls within the range of 700-799. A person with this type of credit score is considered to be financially responsible.
Exceptional credit score: (800 to 850)
Consumers with a credit Score of 800 or above are considered Exceptional. Not only are these borrowers most likely to get approved, but they also have access to the most competitive rates and other loan terms.