In Canada, according to Equifax, a good credit score is usually between 660 to 724. If your credit score is between 725 to 759 it's likely to be considered very good. A credit score of 760 and above is generally considered to be an excellent credit score. The credit score range is anywhere between 300 to 900.
First of all, a 900 credit score isn't really possible. And just 1% of the population can achieve a credit score of 850, so there's a certain point where trying to get the highest possible credit score isn't realistic at all. Only a few credit score models have a credit score limit of 900 as is.
It will take about six months of credit activity to establish enough history for a FICO credit score, which is used in 90% of lending decisions. 1 FICO credit scores range from 300 to 850, and a score of over 700 is considered a good credit score. Scores over 800 are considered excellent.
Yes. An Experian study found that as of 2019, 1.2% of all credit-holding Americans had a FICO score of 850. A perfect score generally requires years of exemplary financial behavior, like making on-time payments, keeping a low credit utilization ratio, and maintaining a long history of credit accounts.
According to the Government of Canada, average credit scores range from 650 to 725. A score of 600 is below average and indicates a higher risk borrower. If your credit rating sits anywhere between 560 to 659, you're less likely to access loans from banks and other traditional financial institutions.
To get a 999 credit score, you ideally need to have a credit history that spans several years. During this time, you should have never missed a credit repayment and have always paid your debt back on time. Your credit utilisation ratio also needs to be low.
Most credit scoring systems use a scale that ranges from 300 to 850. There are, however, some credit scoring models that go up to 900 or 950, including industry-specific scores used by certain institutions.
An 867 credit score is excellent.
A credit score of 900 is either not possible or not very relevant. The number you should really focus on is 800. On the standard 300-850 range used by FICO and VantageScore, a credit score of 800+ is considered “perfect.” That's because higher scores won't really save you any money.
An 865 credit score is excellent.
Your 802 FICO® Score falls in the range of scores, from 800 to 850, that is categorized as Exceptional. Your FICO® Score is well above the average credit score, and you are likely to receive easy approvals when applying for new credit. 21% of all consumers have FICO® Scores in the Exceptional range.
Scores from 660 to 724 are good. Scores from 560 to 659 are fair. Scores from 300-559 are poor.
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.
In Canada, your credit score ranges from 300 to 900, 900 being a perfect score. If you have a score between 780 and 900, that's excellent.
Depending on where you're starting from, It can take several years or more to build an 800 credit score. You need to have a few years of only positive payment history and a good mix of credit accounts showing you have experience managing different types of credit cards and loans.
An 852 credit score is excellent. Before you can do anything to increase your 852 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.
If the maximum score is 750, you're pretty much a credit genius. If the max is over 1,000, you're sporting a C average—not really all that impressive.
Equifax scores range from 0-700. 380-419 is considered a fair score. A score of 420-465 is considered good.
Many cell phone companies in Canada report their customers' payment activities to at least one of Canada's two major credit bureaus; Equifax and/or TransUnion. That means your cell phone bills are likely to end up on your credit report and potentially affect your credit scores.
An 836 credit score is often considered very good — or even excellent. A very good or excellent credit score can mean you're more likely to be approved for good offers and rates when it comes to mortgages, auto loans and credit cards with rewards and other perks.
In Canada, 850 is an excellent credit score.