September 25, 2024

A good credit score generally falls between 670 and 739 on the FICO scoring model, which ranges from 300 to 850. A score in this range indicates that you are a lower risk to lenders, making it easier to qualify for loans and credit cards with better terms and interest rates. Here’s a breakdown of FICO score ranges:

• Exceptional (800-850): Excellent credit, likely to get the best rates and terms.
• Very Good (740-799): Above average, most credit applications are approved with favorable terms.
• Good (670-739): Generally acceptable for most loans, some options may have slightly higher rates.
• Fair (580-669): Below average, often higher interest rates or difficulty in approval.
• Poor (300-579): Limited credit opportunities, often requires a secured credit card or cosigner.

For VantageScore, a similar scale is used, and a “good” score is also generally above 660.