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Out of about 225,000 Bankrate users who requested credit card matches on the site in 2023, just over 21 percent fall into the fair credit score range. Having a fair credit score often means you ...
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]
FICO (legal name: Fair Isaac Corporation), originally Fair, Isaac and Company, is an American data analytics company based in Bozeman, Montana, focused on credit scoring services. It was founded by Bill Fair and Earl Isaac in 1956. [2] Its FICO score, a measure of consumer credit risk, [3] has become a fixture of consumer lending in the United ...
A credit score is a numerical expression based on a level analysis of a person's credit files, ... Under the Fair Credit Reporting Act, ...
It’s possible to get personal loans for fair credit — typically a FICO score is between 580 and 669. However, you’ll have to jump through more hoops than those with good or excellent credit.
Here’s what you need to do to get your score within a good credit range. ... Fair credit: 580-669. Good credit: 670-739. Very good credit: 740-799. Excellent credit: 800-850.
The Fair Credit Reporting Act (FCRA), 15 U.S.C. § 1681 et seq., is federal legislation enacted to promote the accuracy, fairness, and privacy of consumer information contained in the files of consumer reporting agencies. It was intended to shield consumers from the willful and/or negligent inclusion of erroneous data in their credit reports.
Fair Credit Score: A fair credit score falls between 580 to 669. Poor Credit Score: 579 or lower is considered a poor score and you would be considered a risky borrower.