Generally, credit scores above 800 are considered excellent. But people can have multiple credit scores, and lending decisions are ultimately up to individual lenders. So what one lender considers excellent may not be the same as another. But generally, the higher your credit score the better. S...
So, how do you know if you have excellent credit? What is an excellent credit score and is there an easy way to get it? Let’s take a closer look at what is considered an excellent credit score, as well as what you can do to boost your credit score into the excellent range. Do ...
So, how do you know if you have excellent credit? What is an excellent credit score and is there an easy way to get it? Let’s take a closer look at what is considered an excellent credit score, as well as what you can do to boost your credit score into the excellent range. Do ...
If your score reaches 740 or more, it will be considered in the highest range. Credit scores are categorized as poor, fair, good, very good, or excellent. These are the credit score ranges: 800 or more – Excellent credit score 740 to 799 – Very good credit score 670 to 739 – Good...
Technically, credit scores are broken into categories, where “good” officially means a score between 670 to 740 and 740+ is considered “excellent.” Typical categories look like this: Credit score categoryCredit score range Very poor 300 to 579 Fair 580 to 669 Good 670 to 739 Very good ...
Excellent: 800 to 850 VantageScore Very poor: 300 to 499 Poor: 500 to 600 Fair: 601 to 660 Good: 661 to 780 Excellent: 781 to 850 What factors influence your credit score Credit scores are calculated differently depending on the credit scoring model. Here are the key factors FICO and Va...
Scores of 690 or above are deemed “good” and 720 or above are considered “excellent.” The two scoring models look at the same factors, so if you have a good score on one, you'll probably have a good score on the other. When you apply for a credit card or a loan, the lender...
What is considered a good credit score depends on the type of credit score used. You have multiple credit scores, but the most popular type of score is FICO, followed by VantageScore. Even within each type of score, there are multiple score versions offered to lenders when they want to ...
Consider this example of a good credit score: Say two prospective borrowers come to you for a car loan. Both need $1,000, but their credit profiles (and credit scores) are quite different. Borrower A:30 years of excellent credit, $10,000 in outstanding debt, 680 credit score ...
Most scores range from about 350 to 800, and a score over 670 is usually considered “good,” if not excellent. Most credit scores are calculated by FICO and VantageScore. A higher score means greater borrowing power and results in better interest rates. ...