A credit score of 721-880 is considered fair. A score of 881-960 is considered good.
About 21.8% of America has a credit score higher than 800 points. If you have a credit score of 800, it likely means that you manage debt well and never miss a loan payment. This makes you an ideal borrower and gives you access to more offers and lower interest rates.
This score isn't perfect, but it places you in the exceptional credit score range. That's the highest tier of FICO® Scores☉ , which are used by 90% of top lenders. Having an 800 credit score or better is fairly uncommon: Only 23% of all consumers have FICO® Scores of 800 or higher.
A FICO® Score of 800 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).
FICO® score ranges vary — they can range from 300 to 850 or 250 to 900, depending on the scoring model — but higher scores can indicate that you may be less risky to lenders.
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 871 credit score is excellent. Before you can do anything to increase your 871 credit score, you need to identify what part of it needs to be improved, plain and simple.
While having a credit score of 800 seems lofty, even scores in the 700's can help home buyers get lower mortgage rates. Many loan programs have a minimum credit score requirement to get approved for a mortgage. For example, most lenders will require a credit score of 580 to get approved for an FHA loan.
If you have been using credit for only six months or a year, it's unrealistic to expect a score in the high 700s. Still, it is possible to establish excellent credit — a score of 800 or higher, for example — in your 20s.
Consumers with scores in this range may expect easy approvals when applying for new credit. 21% of all consumers have FICO® Scores in the Exceptional range.
A conventional loan requires a credit score of at least 620, but it's ideal to have a score of 740 or above, which could allow you to make a lower down payment, get a more attractive interest rate and save on private mortgage insurance.
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.
Having an 850 credit score means that lenders will offer you all the best rates on loans, credit cards, and other types of credit. This will end up saving you lots of money when you open accounts because you'll be able to take advantage of the low interest rates and other financial benefits of a good credit score.
An 860 credit score is excellent. Before you can do anything to increase your 860 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.
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.
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.
It's better to pay off your credit card than to keep a balance. It's best to pay a credit card balance in full because credit card companies charge interest when you don't pay your bill in full every month.
A 750 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.
Your 827 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.
Both the FICO Auto Score and FICO Bankcard Score range from 250 - 900. This means that the answer to the question, "How high can a FICO Score go?" is 900 .