What Is A Good Experian Credit Score
Lenders consider consumers with good fico scores acceptable borrowers which means they consider you eligible for a broad variety of credit products although they may not charge you the lowest.
What is a good experian credit score. One of the most well known types of credit score are fico scores created by the fair isaac corporation. A credit score of 660 falls a little below the national average. Read more about score ranges and what a good credit score is. Fico scores are used by many lenders and often range from 300 to 850.
A fico score of 670 or above is considered a good credit score while a score of 800 or above is considered exceptional. Fico score 704 falls within the good range lenders view consumers with scores in the good range as acceptable borrowers and may offer them a variety of credit products though not necessarily at the lowest available interest rates. A large number of u s. While there are many different credit scoring models available the average score as calculated by the vantagescore model currently is around 685 with the average fico score around 700.
Boosting your score into the exceptional range could let you qualify you for the very best interest rates and terms. As you ll see in more detail below a score of 700 on the fico scoring range which spans 300 to 850 indicates good credit and would likely make you eligible for a variety of loan offers. Your score falls within the range of scores from 670 to 739 which are considered good. A credit score higher than 670 in the 300 850 scoring range is generally considered good a credit score of 800 or above on the same range is considered to be exceptional higher scores generally indicate that you have made better credit decisions thus making lenders more confident that you are likely to repay your future debts on time.
Knowing which scale to apply makes a huge difference. Fico score xxx falls within the good range. A great starting point is to get your free credit report from experian and check your credit score to find out the specific factors that impact your score the most.