Is 802 a good credit score UK?

Asked by: Mr. Gaston Goyette MD  |  Last update: February 9, 2022
Score: 4.9/5 (1 votes)

A credit score of 721-880 is considered fair. A score of 881-960 is considered good. ... A credit score of 604-627 is good. A score of 628-710 is considered excellent (reference: https://www.finder.com/uk/transunion).

How good is an 802 credit rating?

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.

What does a 802 credit score mean?

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. ... Lenders generally see those with credit scores 660 and up as acceptable or lower-risk borrowers.

Why is my credit score only 802?

An 802 credit score is often considered very good — or even excellent. With excellent credit, your credit scores become more of a bridge and less of a roadblock — a high score can help you qualify for premium rewards credit cards, auto loans and mortgages with the best terms.

What is the UK's average credit score?

Analysing data from over 900,000 users from MoneySuperMarket's Credit Monitor over a 30-day period in October 2020, the data shows that the average credit score in the UK is 5692.

What's a good credit score? (UK)

36 related questions found

Is 960 a good credit score?

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.

Is 810 a good credit score?

Your 810 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.

How good is an 850 credit score?

Your 850 FICO® Score is nearly perfect and will be seen as a sign of near-flawless credit management. ... An Exceptional credit score can mean opportunities to refinance older loans at more attractive interest, and excellent odds of approval for premium credit cards, auto loans and mortgages.

What percentage of the population has a credit score over 800?

Percent of Americans Who Have a Credit Score of 800 or Higher. Another report from The Ascent reveals that only 22 percent of Americans have a credit score of 800 or greater7.

Is 790 a good credit score Reddit?

Your FICO® Score falls within a range, from 740 to 799, that may be considered Very Good. A 790 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.

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 is a good credit score for an 18 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. FICO has different categorizations for credit scores and a 630 is deemed as “fair”.

What is the credit score range?

A credit score is a three-digit number, typically between 300 and 850, designed to represent your credit risk, or the likelihood you will pay your bills on time.

Is 868 a good credit score?

An 868 credit score is excellent.

Is 816 a good credit score?

A FICO® Score of 816 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 799 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 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 is the benefit of having a credit score over 800?

You'll qualify for lower interest rates and higher credit limits. With an 800-plus credit score, you are considered very likely to repay your debts, so lenders can offer you better deals. This is true whether you're getting a mortgage, an auto loan, or trying to score a better interest rate on your credit card.

Is 851 a good credit score?

An 851 credit score is excellent.

Is it hard to get a credit score over 800?

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.

Why is my credit score only 810?

An 810 credit score is often considered very good — or even excellent. With excellent credit, your credit scores become more of a bridge and less of a roadblock — a high score can help you qualify for premium rewards credit cards, auto loans and mortgages with the best terms.

Is 820 a good credit score?

Your 820 FICO® Score is nearly perfect and will be seen as a sign of near-flawless credit management. Your likelihood of defaulting on your bills will be considered extremely low, and you can expect lenders to offer you their best deals, including the lowest-available interest rates.

Is 804 a good credit score?

Your 804 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 813 a good credit score?

A FICO® Score of 813 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).