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The FICO credit scoring model uses five factors to determine your credit score: payment history, credit utilization, credit history, credit mix and recent credit applications.
This method of scoring defines 661 to 780 as a good credit score and 781 to 850 as an excellent credit score. Scores that fall between the 601 and 660 range are considered fair and 500 to 600 are ...
Each FICO version weights different aspects of your credit history slightly differently, but all FICO scores are calculated based on the following five factors: Payment history (35%) : Considers ...
The classic FICO credit score (named FICO credit score) is between 300 and 850, and 59% of people had between 700 and 850, 45% had between 740 and 850, and 1.2% of Americans held the highest FICO score (850) in 2019. [15] According to FICO, the median FICO credit score in 2006 was 723 [16] and 721 in 2015. [17]
670-739: Good credit score. People with FICO scores between 670 and 739 — which includes 21.6 percent of American consumers — have good credit. A score in this range proves to lenders that you ...
The good credit score range includes all FICO credit scores between 670 and 739. However, many people consider “good credit” to include any FICO score higher than 670.
This guide goes over the main determinants of your credit score, which factors matter the most and more.
A high credit score future-proofs your finances. Credit scores typically range from 300 up to 850. The average FICO® Score is 715, while the average VantageScore is 702. A "good" FICO® Score ...
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