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A bad credit score is a FICO score below 580, meaning it falls in the poor credit range. Along the same lines, a bad score in the VantageScore model is below 601, which would belong in the poor or ...
Within that range, scores are classified into five categories: excellent, very good, good, fair and poor. 800-850: Excellent credit score People with FICO scores between 800 and 850 have near ...
Here’s a breakdown of the five FICO credit score ranges followed by the VantageScore ranges: ... 800-850. Very good. 740-799. Good. 670-739. Fair. 580-669. Very poor. 300-579. VantageScore ...
The average FICO Score 8 in the US was 710 in 2020 and 716 in April 2021. [18] The FICO bankcard score, FICO auto score, FICO personal finance score, and FICO installment loan score are between 250 and 900. The FICO Mortgage Score and FICO Score XD 2 are between 300 and 850. [19] [20] Higher scores indicate lower credit risk. [21]
Industry-specific FICO scores range from 250 to 900, whereas general purpose scores range from 300 to 850. FICO scores are used by many mortgage lenders that use a risk-based system to determine the possibility that the borrower may default on financial obligations to the mortgage lender.
What are the credit score ranges? FICO defines a good credit score as one that falls between 670 and 739, ... A poor FICO credit score is anything below 579. VantageScore 4.0 (the newest ...
Poor credit: 300-579. Fair credit: 580-669. Good credit: 670-739. Very good credit: 740-799. Excellent credit: 800-850. The good credit score range includes all FICO credit scores between 670 and ...
Under the FICO scoring model, people with poor credit have scores between 300 and 579. Get your score between 580 and 669, and you’ll move into the fair credit range; bump your score past 670 ...