A good credit score generally falls within the range of 670 to 739 on the common 300 to 850 scale used by major scoring models like FICO and VantageScore
. Specifically:
- Good credit score: 670 to 739
- Very good credit score: 740 to 799
- Excellent credit score: 800 and above
Having a good credit score (670-739) means lenders typically view you as a lower-risk borrower, which can help you qualify for loans and credit cards with better interest rates and terms
. Scores above 740 are even more favorable, often leading to easier approval and lower borrowing costs
. Note that different scoring models and lenders may have slight variations in what they consider "good," but the 670-739 range is widely accepted as good credit
. In Canada, for example, a good credit score is usually between 660 and 724 on a 300-900 scale, with 725 and above considered very good or excellent
. In summary, aiming for a credit score of at least 670 is considered good and can improve your financial opportunities significantly.
