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What Score is a Good Score?

Written on Aug 19, 2021 by Joe Mahlow
For the most part, scores between 690 and 719 are considered good credit scores. A score higher than 720 is excellent, and ones between 630 and 689 are considered fair. If your score is below 630, that’s in the bad credit range. FICO and VantageScore are both widely known credit scoring systems, and both employ a 300-850 range.

What’s a good FICO score?

FICO uses data from the three major credit reporting bureaus: TransUnion, Equifax, and Experian and are generally used by lenders to check your credit.

A good FICO score falls in the 670 – 739 range. A Fair score falls between 580 - 669, and an Excellent score is between 740 and 799. A score above 800 is considered Exceptional.

What’s a good VantageScore?

VantangeScore uses a similar system to FICO, utilizing the same credit report data from the three bureaus. A good score falls in the 661-780 range, labeled “prime” credit tier. Scores above 780 are “superprime”, and those between 601 – 660 are “near prime”. A score under 600 is labeled as “subprime”.

What do lenders think a good credit score is?

That can vary. Lenders are able to set their own rules and stands on what constitutes a “good” score. That means they can decide whether or not to grant you credit and at what interest rate.

What can you get with a good credit score?

Good credit is important. It establishes if you’re able to borrow money as well as your interest rates. Good credit can help you obtain things like an advantageous car loan, a mortgage, or a credit card with a fair interest rate. Even if you’re not planning on applying for credit, having a good score can certainly help you out in life.

How do I get a good credit score?

Good credit habits will help you build a good score.

  1. Pay your bills on time. Payment history largely affects your score. Make sure to prioritize on-time payments.
  2. Keep your credit card balances below your credit limits. This means to try to achieve credit utilization under 30%.
  3. Keep credit accounts open unless it’s advantageous to close them. Older accounts helps your average age of accounts, which influences your score.
  4. Avoid apply for multiple credit products in a short period of time. They can cause your credit score to drop, and that can add up to a negative impact.
  5. Review your credit reports and dispute any erroneous information. A reliable and honest credit repair company can help you with this. Most negative information falls off after seven years.


Just remember, if you’re looking to improve your credit score, healthy credit habits can get you there.