Credit score ranges typically fall within a scale of 300 to 850, used by major scoring models like FICO and VantageScore. These ranges indicate the creditworthiness of a borrower and help lenders assess risk. The common credit score ranges are:
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Exceptional/Excellent: 800 to 850
Borrowers in this range are considered very low risk and often qualify for the best interest rates and loan terms. -
Very Good: 740 to 799
Individuals here have demonstrated responsible credit behavior and generally receive favorable loan approvals and rates. -
Good: 670 to 739
This range is viewed as acceptable by most lenders, with borrowers likely qualifying for many credit products at reasonable rates. -
Fair: 580 to 669
Borrowers may face higher interest rates and have more difficulty qualifying for credit, but approval is still possible. -
Poor: 300 to 579
Scores in this range indicate higher risk; borrowers may struggle to qualify for loans and credit cards, and if approved, will likely face high fees and interest rates
Different models may have slight variations in naming or cutoffs, but the 300-850 scale and these general ranges are widely used by lenders.
