Is 762 a good credit score UK?

Asked by: Prof. Kole Crona  |  Last update: February 9, 2022
Score: 4.5/5 (37 votes)

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.

How good is a credit rating of 762?

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.

Can I get a home loan with 762 credit score?

A 762 FICO® Score is considered “Very Good”. Mortgage, auto, and personal loans are easy to get with a 762 Credit Score. Lenders like to do business with borrowers that have Very Good credit because it's less risky.

What is a decent credit score UK?

A credit score of 721-880 is considered fair. A score of 881-960 is considered good. A score of 961-999 is considered excellent (reference: https://www.experian.co.uk/consumer/guides/good-credit-score.html). TransUnion (formerly known as Callcredit) is the UK's second largest CRA, and has scores ranging from 0-710.

What credit score do you need to buy a house UK?

In the UK, there's no set minimum credit score you need in order to buy a house. However, if you're buying a house with a mortgage, your credit score must be high enough for lenders to be willing to offer you a mortgage.

What's a good credit score? (UK)

16 related questions found

Does moving house affect credit score UK?

Your address doesn't affect your credit score. ... Moving house too often can also make you look less stable, which might discourage some lenders from giving you credit. If you have to move house, remember to notify your lenders of your new address. It's also a good idea to redirect your mail.

Is a 789 credit score good?

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.

Can I buy a house with a 709 credit score?

A 709 credit score is a good credit score. The good-credit range includes scores of 700 to 749, while an excellent credit score is 750 to 850, and people with scores this high are in a good position to qualify for the best possible mortgages, auto loans and credit cards, among other things.

What is a good credit score to buy a house 2020?

Generally speaking, you'll need a credit score of at least 620 in order to secure a loan to buy a house. That's the minimum credit score requirement most lenders have for a conventional loan. With that said, it's still possible to get a loan with a lower credit score, including a score in the 500s.

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 745 a good credit score?

Your FICO® Score falls within a range, from 740 to 799, that may be considered Very Good. A 745 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.

Can I buy a house with a 760 credit score?

According to FICO® credit bureau data, the best credit score to buy a house is 760 and higher, which tends to unlock the best mortgage rate. However, to qualify for a home loan, you'll need at least the minimum credit score to buy a house, which ranges from about 500 – 680, depending on the mortgage program.

What is the average credit score?

The average credit score in the United States is 698, based on VantageScore® data from February 2021. It's a myth that you only have one credit score. In fact, you have many credit scores. It's a good idea to check your credit scores regularly.

Is 800 a good credit score?

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.

What's the highest credit score?

What's the Range?
  • Exceptional Credit: 800 to 850.
  • Very Good Credit: 740 to 799.
  • Good Credit: 670 to 739.
  • Fair Credit: 580 to 669.
  • Poor Credit: Under 5804.

What does a 700 credit score get you?

What a 700 credit score can get you. Your credit score is used by lenders to see if you qualify for financial products and to set the interest rate you'll pay. With a 700 credit score, you've crossed over into the "good" credit range, where you can get cheaper rates on financial products like loans and credit cards.

What kind of house can you get with a 700 credit score?

FHA loans are generally intended for home buyers with lower credit, starting at 580. So they're likely not best for someone with a 700 credit score. With a 700 score, you're likely to qualify for a conventional loan with cheaper mortgage insurance and an even smaller down payment.

Is a 700 credit score good for a 20 year old?

According to credit bureau Experian, a good credit score is 700 or above. ... 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. FICO has different categorizations for credit scores and a 630 is deemed as “fair”.

What does it mean if your credit score is 789?

According to credit information company, TranUnion CIBIL's website, the closer your score is to 900, the higher are the chances of your loan application getting approved. Generally, a credit score of 750 and above is considered to be a good score.

Is 789 a good credit score TransUnion?

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.

How can I improve my credit score of 789?

How to get a 789 credit score
  1. Set up autopay. ...
  2. Pay early. ...
  3. Don't worry about adding a loan to your credit mix. ...
  4. But don't be afraid to apply for new credit cards in moderation. ...
  5. Don't close old credit cards just because you aren't using them anymore.

How can I improve my credit score UK?

How to improve your credit score
  1. Register to vote. Make sure you're on the electoral register as lenders will use this to check your name, address and where you've lived before. ...
  2. Prove your creditworthiness. ...
  3. Pay on time and stay within your limits. ...
  4. Avoid multiple applications. ...
  5. Check there are no mistakes.

Is my address blacklisted UK?

There's no such thing as a blacklisted address. And there definitely isn't a long list of addresses somewhere that lenders check when deciding whether to lend to you or not. The fact is that it doesn't matter who has lived at your address in the past.

Does credit score go on address?

No – credit checks are done on people, not addresses. Your address is simply used alongside other information to help confirm your identity. You can be linked to other people on your credit report if you share finances with them, such as a joint mortgage.