Whenever you apply for a line of credit, a lender will take a look at your credit score to decide whether to extend a loan to you and determine what terms are appropriate. Having a good credit score can end up saving you hundreds or even thousands of dollars since it also determines the...
Here are the credit score ranges: Exceptional: 800+. Very good: 740 to 799. Good: 670 to 739. Fair: 580 to 669. Poor: 579 and lower. The average FICO score as of October 2023 is 717, which is solidly in the "good" category. Note that there's also a "very good" FICO score ...
A good credit score is generally somewhere between 661 and 780. But what’s considered a good credit score depends on where a score comes from, who calculates it and who judges it. Lenders may set their own credit policies and standards to determine creditworthiness. And the way scores are ...
Generally speaking, a good credit score is 690 to 719 on the commonly used 300-850 credit score range. Scores 720 and above are considered excellent, while scores 630 to 689 are considered fair. Scores below 630 fall into the bad credit score range. Lenders, such as credit card issuers an...
800 or more – Excellent credit score 740 to 799 – Very good credit score 670 to 739 – Good credit score 580 to 669 – Fair credit score Below 580 – Poor credit score So when someone asks,“what is a good credit score,”you have the answer. It would be best if you always striv...
Select explains what is a good credit score, how good credit can help you, tips on getting a good credit score and how to get a free credit score.
Lenders–and others, such as landlords–view your credit score as one sign of your financial capability.A good credit score can enable you to obtain a credit card, loan, or even rent an apartment. With a higher score, you may qualify for a lower interest rate on a credit card, which ...
Why Your Credit Score is Important Having a good credit score may make you feel good about your financial situation, but even broke people can have good credit scores. In fact, your credit score has nothing to do with how much money you have or how wealthy you are. ...
Your credit score also affects the interest rates available to you (i.e. how much it'll cost you to pay back whatever you borrow). Higher rates equal higher costs. What makes a good credit score? This three-digit number, ranging from 300 to 850, can majorly impact your borrowing ability...
Very good credit: 740 to 799 Excellent credit: 800 to 850 So, what credit score should you have in order to qualify for a travel rewards credit card or a low interest rate on a mortgage— and would a credit score of 700 be acceptable? Below, Select investigates whether a 700 credit sc...