Is 679 a good credit score in Canada?

Asked by: Prof. Torrey Greenfelder  |  Last update: February 9, 2022
Score: 4.7/5 (41 votes)

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. ... Those with credit scores below 660 may be less likely to qualify for better loan terms.

What rating is a 679 credit score?

A FICO® Score of 679 falls within a span of scores, from 670 to 739, that are categorized as Good. The average U.S. FICO® Score, XXX, falls within the Good range.

What is a good credit score Canada?

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.

Is 679 a good credit score to buy a house?

If your credit score is a 679 or higher, and you meet other requirements, you should not have any problem getting a mortgage. Credit scores in the 620-680 range are generally considered fair credit. ... With a 679 score, you may potentially be eligible for several different types of mortgage programs.

What is the average person's credit score in Canada?

While credit scores in Canada range from 300 - 900, the average is around 650, according to TransUnion, though it varies from province to province. Once you've reached a credit score of 650 or higher, you'll be able to qualify for more financial products.

THE TRUTH ABOUT CREDIT SCORES IN CANADA

24 related questions found

Is 875 a good credit score?

An 875 credit score is excellent.

Is 861 a good credit score?

An 861 credit score is excellent.

Is 679 Equifax good?

A 679 credit score is generally a fair score. While a lot of people have fair scores, you may still find it difficult to get approved for credit without high fees and interest rates with a score in this range.

Can I buy a car with a 679 credit score?

With a credit score in the range of 670 to 679, you will qualify for the best prime auto loan rates. Interest rates will vary based on the type of loan you are looking for. You will get the best rates if you are purchasing a new car.

Can I lease a car with a 679 credit score?

According to NerdWallet, the exact credit score you need to lease a car varies from dealership to dealership. ... A score between 620 and 679 is near ideal and a score between 680 and 739 is considered ideal by most automotive dealerships. If you have a score above 680, you are likely to receive appealing lease offers.

Is 854 a good credit score?

An 854 credit score is excellent.

Is 752 a good credit score Canada?

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. ... Those with credit scores below 660 may be less likely to qualify for better loan terms.

What's a bad credit score in Canada?

In Canada, credit scores start at 300 and go as high as 900. A bad credit score is a score of 574 or less and means banks, lenders, landlords, and even some employers will consider you less financially responsible than borrowers with a higher score.

Can you buy a house with a 740 credit score?

A FICO Score between 740 and 850 is generally considered to be in the very good to excellent credit score range to buy a home. If your score falls below this level, however, you may still be eligible for some mortgage opportunities in the financial marketplace.

What is considered excellent credit?

Generally speaking, a credit score is a three-digit number ranging from 300 to 850. ... Although ranges vary depending on the credit scoring model, generally credit scores from 580 to 669 are considered fair; 670 to 739 are considered good; 740 to 799 are considered very good; and 800 and up are considered excellent.

What credit score is Good for buying a house?

It's recommended you have a credit score of 620 or higher when you apply for a conventional loan. If your score is below 620, lenders either won't be able to approve your loan or may be required to offer you a higher interest rate, which can result in higher monthly payments.

How can I lift my credit score?

Steps to Improve Your Credit Scores
  1. Build Your Credit File. ...
  2. Don't Miss Payments. ...
  3. Catch Up On Past-Due Accounts. ...
  4. Pay Down Revolving Account Balances. ...
  5. Limit How Often You Apply for New Accounts.

What is a decent credit score to buy a car?

A good credit score to buy a car is often above 660, as you're then considered a "prime" borrower. There's no industry-wide, official minimum credit score in order to qualify for an auto loan. Generally, the higher your credit score, the better terms you're likely to get on the loan.

Is 784 a Good credit score?

A 784 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.

Is 767 a Good credit score?

Your score falls within the range of scores, from 740 to 799, that is considered Very Good. A 767 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.

What is a Good credit score 2020?

For a score with a range between 300 and 850, a credit score of 700 or above is generally considered good. A score of 800 or above on the same range is considered to be excellent. Most consumers have credit scores that fall between 600 and 750.

Is 907 a good credit score?

TransUnion (formerly known as Callcredit) is the UK's second largest CRA, and has scores ranging from 0-710. A credit score of 566-603 is considered fair. A credit score of 604-627 is good. A score of 628-710 is considered excellent (reference: https://www.finder.com/uk/transunion).

Is 933 a good credit score?

Q. What does the credit score number mean? The higher the score, the lower a risk the credit reference agency is assessing you as. 999 is the maximum, anything from 881 is good, anything between 71-880 is fair, below that is poor.

Is 920 a good credit score?

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.