Dec 18, 2024 · Below are the ranges for FICO ® Scores, used by 90% of top lenders. You may have trouble qualifying for a loan or credit card with a poor credit score. And, if you do qualify, the account could have higher fees and interest rates compared to accounts of …

May 21, 2024 · 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.

FICO Score 10 and FICO Score 10 T are currently available to lenders. Industry-specific FICO ® Scores are FICO Scores versions that are optimized for a certain type of credit product, such as auto loans or credit cards.

Jan 30, 2025 · Here’s how different FICO score ranges impact borrowing, interest rates, and overall financial opportunities. A FICO score in this range puts you in the best possible position. You’ll qualify for the lowest interest rates, the highest credit …

Mar 20, 2023 · 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...

Dec 6, 2024 · For a score with a range of 300 to 850, a credit score of 670 to 739 is considered good. Credit scores of 740 and above are very good while 800 and higher are excellent. For credit scores that range from 300 to 850, a credit score in the mid to high 600s or above is generally considered good.

FICO Scores are calculated using many different pieces of credit data in your credit report. This data is grouped into five categories: payment history (35%), amounts owed (30%), length of credit history (15%), new credit (10%) and credit mix (10%). Your FICO Scores consider both positive and negative information in your credit report.

What is a FICO ® Score? A FICO Score is a three-digit number based on the information in your credit reports. It helps lenders determine how likely you are to repay a loan. This, in turn, affects how much you can borrow, how many months you have to repay, and how much it …

Nov 9, 2024 · Scores range from 300 to 850, with scores in the 670 to 739 range considered to be “good” credit scores. You can improve your FICO score by paying bills on time, using less than 30% of your...

May 20, 2024 · FICO has two main types of credit scores. Base FICO consumer scores — These scores predict the likelihood a consumer won’t make a payment as agreed on any type of account in the future, whether it’s a mortgage, credit card or student loan.