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You have an excellent credit score if your credit score falls within the 800 to 850 range for FICO — which is most commonly used by lenders — and the 781 to 850 range for VantageScore.
This places it solidly within the good credit range. In contrast, a fair FICO credit score ranges from 580 to 669, which is 48 points below the national average. ... on the credit score scale, but ...
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]
For example, industry-specific versions of FICO focus on auto loans and credit cards (referred to as “bankcards” in the context of FICO scores). How different FICO score versions are used
All these reasons (and more) are why you should aim for a good credit score. The bottom line. Improving your credit score is all about building good credit habits and maintaining those habits over ...
A credit score is a three-digit number between 300 and 850 that's based on your credit history. Lenders use it to gauge your ability to pay back a loan. A good credit score is often considered to ...
A very good credit score ranges from 740 to 799 and an exceptional credit score will be 800 or higher. ... Your FICO score is largely based on your payment history. It gives lenders an insight ...
While there is no set beginning credit score for those who are building credit for the first time, the first credit score you see may be closer to the “fair” range — a FICO score range of ...
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