What is a good credit score or FICO score?
The Equifax Credit Score uses a numerical range of 280 to 850, where higher scores indicate lower credit risk. The FICO Score uses a numerical range of 300 to 850, where higher scores also indicate lower credit risk.
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300-580 – You’ll will likely be denied credit from premium lenders or will only be approved by lower grade high interest lenders
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581-650 – You will be approved for credit from most lenders but you could also pay a higher interest rate or an added premium on your borrowing.
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651-710 – You’ll be approved for credit from premium lenders at moderate interest rates.
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711-750 - You’ll be approved for credit at competitive interest rates.
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751 & up - Your a desired client, providing you access to low interest rates and aggressive offers for your credit business.