1,000 or 1,200 (perfect score)
If you score 1,000 for Illion or Experian, or 1,200 for Equifax, you have a perfect credit score. Just 3.5% of all Australians achieve this score.
For Experian credit scores, a score between 625 to 699 is considered 'good', 700 to 799 is 'very good', while scores of 800 and up are deemed 'excellent'.
In Australia, your Equifax Score will be a number between 0 and 1200. A "good" credit score is between 622 and 725, a "very good" score is between 726 and 832 and an "excellent" score falls between 833 & 1200.
A 789 credit score is Very Good, but it can be even better. If you can elevate your score into the Exceptional range (800-850), you could become eligible for the very best lending terms, including the lowest interest rates and fees, and the most enticing credit-card rewards programs.
Any score above 750 is very good and a score of 869 is considered excellent! Such a high credit score allows you to shop for the best loans and credit cards in the market. You can negotiate with the lender for more benefits and value adds.
We provide a score from between 0-999 and consider a 'good' score to be anywhere between 881 and 960, with 'fair' or average between 721 and 880.
A credit score of 721-880 is considered fair. A score of 881-960 is considered good. ... A credit score of 566-603 is considered fair. A credit score of 604-627 is good.
Here's how high credit scores are typically rated: Good: 660 – 724. Very Good: 725 – 759. Excellent: 760 – 900.
A FICO® Score of 837 is well above the average credit score of 711. An 837 FICO® Score is nearly perfect. You still may be able to improve it a bit, but while it may be possible to achieve a higher numeric score, lenders are unlikely to see much difference between your score and those that are closer to 850.
Although credit scoring models vary, generally, credit scores from 660 to 724 are considered good; 725 to 759 are considered very good; and 760 and up are considered excellent.
An 893 credit score is excellent. Before you can do anything to increase your 893 credit score, you need to identify what part of it needs to be improved, plain and simple. And in order to identify what needs to be improved, you should probably be aware of all the things that count and don't count towards your score.
3 key reasons your credit score differs per credit bureau
Credit products you've applied for, The credit limit of each product, The types of credit providers that have made hard enquiries on your account, and. Any negative events, such as defaults.
A perfect credit score of 850 is hard to get, but an excellent credit score is more achievable. If you want to get the best credit cards, mortgages and competitive loan rates — which can save you money over time — excellent credit can help you qualify. "Excellent" is the highest tier of credit scores you can have.
If your credit report shows scores out of 1,200 then as a rule of thumb a score above 853 is excellent while above 661 is good. If your credit report shows scores out of 1,000, above 690 is excellent and above 540 is good.
With your credit limit, it's all about balance. Using too little (or no) credit could harm your score, as you're not able to prove to lenders how you manage credit. However, using too much of your credit limit could suggest to lenders that you'd struggle to repay any new debt. This can cause your credit score to drop.
What's the difference between ClearScore and Equifax? Equifax is a credit reference agency. ... ClearScore is not a credit reference agency itself: it gives you access to the data that Equifax holds on you. We do this for free, because we don't think people should have to pay to access their own information.
Lenders can't see your ClearScore account, and your ClearScore report won't directly affect your credit worthiness. ... When you apply for credit, lenders will go directly to Experian to look at your data rather than looking at how it appears in your ClearScore account.
Is Experian Accurate? Credit scores from the credit bureaus are only as accurate as the information provided to the bureau. ... If it is, your Experian credit scores are accurate. If your credit report is not accurate, you'll want to look into your credit repair options.
Your score falls within the range of scores, from 740 to 799, that is considered Very Good. A 762 FICO® Score is above the average credit score. Consumers in this range may qualify for better interest rates from lenders. 25% of all consumers have FICO® Scores in the Very Good range.
A mortgage is likely to boost your credit if you make payments as agreed. ... Most opt for a mortgage, or a home loan. Like all major lines of credit, a mortgage will appear on your credit report. This is probably a good thing: A mortgage can help build your credit in the long run, provided you pay as agreed.
Experian is trusted by millions of consumers and businesses and is safe to use. Their free and premium services are readily available but with several layers of protection to shield your information from fraudsters.