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Knowing where you lie on the FICO® score range can help you determine if an application is more likely to get approved or denied, what rates you might qualify for, and whether it makes more sense to focus on building your credit and applying later.
A FICO Score is a three-digit number between 300 and 850 that tells lenders and other creditors how likely you are to make on-time bill payments.
Credit score ranges vary across creditors and score types. For base FICO Scores, the credit score ranges are: Poor credit: 300 to 579 ; Fair credit: 580 to 669 ; Good credit: 670 to 739 ; Very good credit: 740 to 799 ; Excellent credit: 800 to 850
FICO scores range from 300 to 850, with 850 considered a perfect score. The higher your score, the better your odds of being approved for loans and lines of credit at the most favorable...
A FICO score is a three-digit number, typically in the 300 to 850 range, that tells lenders how likely a consumer is to repay borrowed money based on their credit history.
Bankrate promise. is to ensure everything we publish is objective, accurate and trustworthy. Back to top. Key takeaways. FICO scores are a type of credit score widely used by lenders. Your...
FICO credit scores range from 300 to 850. By using FICO scores, lenders can quickly assess a consumer’s creditworthiness without poring over their entire credit profile. For that reason, everyone from credit card issuers and insurance companies, to mortgage lenders and property managers use FICO scores.
A credit score tells lenders about your creditworthiness (how likely you are to pay back a loan based on your credit history). It is calculated using the information in your credit reports. FICO® Scores are the standard for credit scores—used by 90% of top lenders.
Two companies dominate credit scoring. The FICO score is the most widely known score. Its main competitor is the VantageScore. Generally, they both use a credit score range of 300 to 850.
What consumers and lenders need to know about the most widely used credit scores in lending decisions. Understand how lenders evaluate credit risk for loans and other credit with FICO Scores.