Search results
People also ask
What is a good FICO ® score?
What is a FICO ® credit score?
What are the different types of FICO® credit scoring models?
What are FICO scores based on?
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...
- 2 min
May 20, 2024 · FICO credit score ranges. 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.
Apr 21, 2024 · What is a FICO Credit Score? Your credit score is a three-digit number that represents your overall credit health. Lenders use your credit score to quickly evaluate how trustworthy you are when it comes to paying back a loan or credit card.
Nov 3, 2023 · Every FICO credit score falls within one of five FICO score ranges between 300 and 850. These rankings are designed to help lenders understand whether you are likely to use credit...
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 ® scores can be broken up into five ranges: Exceptional: 800+. Very Good: 740 to 799. Good: 670 to 739. Fair: 580 to 669. Poor: 579 and below. FICO ® has more than a dozen credit scoring versions broken up into base scores and industry-specific scores.
Sep 4, 2020 · FICO scores range from 300-850. Usually a higher score makes it easier to qualify for a loan and may result in a better interest rate. Like all credit scores, FICO scores can change over time according to your credit behavior.
