Credit Score Excellent Range

A guide to credit score ranges.

Credit score excellent range.

Credit scores calculated using the fico score or vantagescore 3 0 scoring models range from 300 to 850. If you have a credit score of 800 to 850 then you re in the 20 elite of potential borrowers. What is a good credit score range. If you want to figure out what is considered an excellent credit score by a lender you ll need to know the following.

Some lenders and reporting agencies might go all the way up to 850 if they don t consider exceptional credit to be its own category. Most credit scores fall between 600 and 750. Very good and excellent. If you want to get the best credit cards mortgages and competitive loan rates which can save.

Knowing which scale to apply makes a huge difference. A score of 800 or above on the same range is considered to be excellent. This is the highest you can go in the range. For vantagescore 3 0 scores a good score is from 700 to 749 with a score from 750 to 850 being excellent.

For fico scores a good credit score is 670 to 739 with a higher score being very good or excellent. What is a fair credit score range. The credit scoring model the lender is using brand type and version. A perfect credit score of 850 is hard to get but an excellent credit score is more achievable.

Under the fico model the most exceptional credit scores are 800 or better up to the highest credit score possible 850. A lender could deny an application for another reason such as having a high debt to income ratio but those with top credit scores likely won t have their applications denied because of their credit scores. For a score with a range between 300 850 a credit score of 700 or above is generally considered good. In that light consider a credit score of 700.

Remember the above example that showed that a 760 fico score gets you the top rate of 2 857 on a 30 year fixed 300 000 mortgage. Trying to interpret a credit score without knowing its score range is a little like dressing to go outside when you re told the temperature is 30 but not whether that s in degrees fahrenheit or celsius. A fair credit score range is a score that falls. When you apply for new credit lenders use credit scores to predict your level of credit risk.

An excellent credit score helps you save money. That results in a 1 242 monthly payment on principal and interest. An excellent credit score range is usually considered to be a score from 740 to 799 for most lenders and reporting agencies.