Poor: When you have defaulted on loans or frequently pay your bills more than a month late, your credit score is likely to be poor, and you may not qualify for a credit card or loan if you apply.You likely made a payment that was 30 days late or more, carry a high debt load and this means you won’t be eligible for the best interest rates. Fair: A credit score of 580 – 669 means you’re in the “fair” range.This means you’re considered dependable, but you may have had a late payment in the past, carry higher debt levels or you may not have a long credit history. Good: If your score is between 670-739, you’ll fall into the “good” range.People in this range are considered dependable borrowers. Very Good: The “very good” range usually means you have a credit score of 744 – 799.Falling anywhere in the “exceptional” range means you should qualify for most credit card offers as long as you meet other application requirements. Exceptional: A score of 800 or above puts you in the highest FICO® Credit Score range.There are five levels of credit score ranges on the FICO® Score scale. FICO® Scores generally range from 300 to 850.
What are FICO® Credit Score ranges?įICO® Scores are calculated with algorithms created by the Fair Isaac Corp., which is why they’re called FICO® Credit Scores. It could also influence the kind of home or car you’ll be able to buy. It can influence how much interest you’ll have to pay on loans and credit cards, or whether you’ll be able to get them at all. Your credit score is a three-digit number that has a strong influence on your financial life.
0 kommentar(er)
