Is 762 a good credit score in Canada?

Asked by: Lesly Haag  |  Last update: February 9, 2022
Score: 4.1/5 (71 votes)

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.

Can I buy a house with 762 credit score?

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.

What is average Canadian credit score?

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.

What is a bad credit score 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.

Is 711 a good credit score?

A 711 FICO® Score is Good, but by raising your score into the Very Good range, you could qualify for lower interest rates and better borrowing terms. A great way to get started is to get your free credit report from Experian and check your credit score to find out the specific factors that impact your score the most.

THE TRUTH ABOUT CREDIT SCORES IN CANADA

21 related questions found

Is 734 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.

Is 664 a good credit score in Canada?

A good credit score in Canada is 660 or higher. The ranges on the good side of things are: Good 660 – 724, Very Good 725 – 759, and Excellent 760 – 900.

Is a 900 credit score possible?

A credit score of 900 is either not possible or not very relevant. ... 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.

What is a good credit score to buy a house in Canada?

A credit score of 680 or above is required to qualify for the best mortgage rates in Canada in 2022. Some mortgage providers allow you to qualify with credit scores between 600 and 680, but these providers may charge higher interest rates.

Is 762 cibil score good?

The credit score provided by TransUnion CIBIL as part of an individual's CIBIL report is commonly referred to as the CIBIL score. ... A score closer to 900 such as 750 or above is generally considered to be a good score and by the same logic, a score closer to 300 is considered to be a poor CIBIL score.

Is 747 a good credit score?

A 747 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 758 a good credit score?

Your FICO® Score falls within a range, from 740 to 799, that may be considered Very Good. A 758 FICO® Score is above the average credit score. Borrowers with scores in the Very Good range typically qualify for lenders' better interest rates and product offers.

Is 749 a good credit score Canada?

Excellent (800-850)

The median credit score in Canada is 749, which means 50% of the population has excellent credit.

What does a 800 credit score mean?

Your 800 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.

Is 803 a good credit score?

A FICO® Score of 803 is well above the average credit score of 711. It's nearly as good as credit scores can get, but you still may be able to improve it a bit. More importantly, your score is on the low end of the Exceptional range and fairly close to the Very Good credit score range (740-799).

Is 888 a good credit score?

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.

Is 874 a good credit score?

An 874 credit score is excellent.

How high can a credit score go in Canada?

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.

Can I buy a house with a 664 credit score?

If your credit score is a 664 or higher, and you meet other requirements, you should not have any problem getting a mortgage. ... The types of programs that are available to borrowers with a 664 credit score are: conventional loans, FHA loans, VA loans, USDA loans, jumbo loans, and non-prime loans.

Is 709 a good credit score in 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.

Can I buy a car with a 664 credit score?

A 664 FICO® Score is considered “Fair”. Mortgage, auto, and personal loans are somewhat difficult to get with a 664 Credit Score. Lenders normally don't do business with borrowers that have fair credit because it's too risky. ... Loan Cost: Very Costly.

Can I buy a house with 734 credit score?

A 734 credit score is considered a good credit score by many lenders. “Good” score range identified based on 2021 Credit Karma data. With good credit scores, you might be more likely to qualify for mortgages and auto loans with lower interest rates and better terms.

Is a 740 credit score good for a 21 year old?

In fact, according to Credit Karma, the average credit score for 18-24 year-olds is 630 and the average credit score for 25-30 year-olds is 628. ... A “good” credit score based on FICO's criteria is 670-739, a “very good” score is 740-799 and an “exceptional” score is 800-850.

Is 750 a good credit score in Canada?

A good credit score starts at a base rating of 650 and goes as high as 900. ... So if you have a rating of 650 or above, you're considered low-risk. Once you hit 750, you're in the “excellent” range, which is often lumped into the “good” category.