What is the credit score range and what are the different categories within it?

Answered on : 2024-01-23

Sources

What Is a Good Credit Score?

experian.com

What are the Different Ranges of Credit Scores?

equifax.com

Guide to Credit Scores and Credit Score Ranges

nerdwallet.com

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Answer

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The credit score range typically spans from 300 to 850. Here are the different categories within this range:

1. Poor: 300 to 579

2. Fair: 580 to 669

3. Good: 670 to 739

4. Very Good: 740 to 799

5. Excellent: 800 to 850

These categories represent your creditworthiness, with higher scores indicating a better credit profile. Lenders often consider scores in the "Good" to "Excellent" range as favorable for loan approvals and better interest rates. However, specific lenders and credit models may have variations in the exact score ranges they use for assessment[2][3].