What Is A Good Experian Credit Score Range

The fico score ranges from 300 to 850 and is broken down into five tiers or bands.

What is a good experian credit score range.

But there is a range of scores that both fico and vantagescore use. Your score falls within the range of scores from 670 to 739 which are considered good. Fico score ratings are as follows. However using your base fico credit score can be a good indicator of your chances of approval.

Credit score and lenders view consumers with scores in this range as acceptable. The fico score which ranges between 300 and 850 is the most commonly used credit scoring model by lenders for evaluating a borrower s creditworthiness. Fico scores in the range of 670 to 739 are rated good. For a score with a range of 300 850 a credit score that is above 700 is generally accepted as good.

A score of 800 or above on the same range is considered to be excellent. Unfortunately you don t have control over which credit score lenders use when evaluating your application. Most credit scores fall between 600 and 750. Approximately 21 of americans had a fico score that fell in the good credit score range in the second quarter of 2019 while approximately 58 had a fico score.

For a score with a range between 300 850 a credit score of 700 or above is generally considered good. Individuals with scores in this range may qualify for better interest rates from lenders. There are a whole range of different factors that contribute to how a business credit score is calculated and depending on whether your company is registered to companies house or not these deciding factors will differ slightly. We provide a score from between 0 999 and consider a good score to be anywhere between 881 and 960 with fair or average between 721 and 880.

Hit a record high of 703 in 2019 according to the 2019 experian consumer credit review that s a two point increase from 2018 and up 14 points since 2010. A fico score of 703 is considered good by most lending standards. A business credit score is a value generated by credit reference agencies like experian. However this is not a assured solution to dangerous credit score and banks should decide to rule against you.

Fico score 704 falls within the good range lenders view consumers with scores in the good range as acceptable borrowers and may offer them a variety of credit products though not necessarily at the lowest available interest rates. This range includes the average u s. Before you apply for credit it s a really good idea to check your free experian credit score so you can make more informed choices when it comes to applying for credit. There are 3 credit score score bureaus equifax experian and transunion who re responsible to supply the credit report.