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.
A FICO® Score of 734 falls within a span of scores, from 670 to 739, that are categorized as Good. ... 21% of U.S. consumers' FICO® Scores are in the Good range. Approximately 9% of consumers with Good FICO® Scores are likely to become seriously delinquent in the future.
You don't have to be over the hill to reach the top of the credit score mountain. Generally, it takes time to build excellent credit, because in credit scoring, youth counts against you. ... Still, it is possible to establish excellent credit — a score of 800 or higher, for example — in your 20s.
A 740 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.
While a good credit score will get you a lower auto loan rate, a credit score of 740 or higher will put you in the running for a zero percent APR. ... If you're set on the benefits and long-term savings of having zero percent APR, consider improving your credit score before purchasing a car.
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.
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.
A 750 credit score could qualify you for a $200,000 30-year mortgage, at a rate of 3.625%. That translates to a monthly payment of $912. With a credit score of 625 however, your rate would be 4.125% for a mortgage of the same size and term. This would result in a monthly payment of $969.
Scores above 720 are considered excellent, while scores between 630 and 689 are considered fair. Scores below 630 fall into the bad credit range. FICO, the most widely known credit scoring system, and its competitor VantageScore both use the 300-850 range.
A FICO® Score of 735 falls within a span of scores, from 670 to 739, that are categorized as Good. The average U.S. ... 21% of U.S. consumers' FICO® Scores are in the Good range. Approximately 9% of consumers with Good FICO® Scores are likely to become seriously delinquent in the future.
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.
A FICO® Score of 730 falls within a span of scores, from 670 to 739, that are categorized as Good. ... 21% of U.S. consumers' FICO® Scores are in the Good range. Approximately 9% of consumers with Good FICO® Scores are likely to become seriously delinquent in the future.
Your score falls within the range of scores, from 740 to 799, that is considered Very Good. A 760 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.
A FICO® Score of 846 is well above the average credit score of 711. An 846 FICO® Score is nearly perfect. You still may be able to improve it a bit, but while it may be possible to achieve a higher numeric score, lenders are unlikely to see much difference between your score and those that are closer to 850.
A 718 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.
A 780 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.
A 790 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 FICO® Score falls within a range, from 740 to 799, that may be considered Very Good. A 759 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.
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.
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.
Give it some time
But it also suggests that building credit takes time and patience, as you need to establish a track record of financial responsibility. In fact, reaching an excellent credit score of 750+ generally takes 5 or more years.
Your score falls within the range of scores, from 740 to 799, that is considered Very Good. A 775 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.