What Is An Excellent Credit Score Range For Experian

But there is a range of scores that both fico and vantagescore use.

What is an excellent credit score range for experian.

Experian and equifax among others both have their own proprietary scoring models. Individuals with scores in this range may qualify for better interest rates from lenders. For a score with a range of 300 850 a credit score that is above 700 is generally accepted as good. 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.

Having a low score doesn t necessarily mean that you won t be approved but lenders may change the terms of your contract in order to mitigate risk. The latest vantagescore 3 0 model uses a range between 300 and 850. Credit score and lenders view consumers with scores in this range as acceptable borrowers. People with scores ranging from 740 799 fall into the very good credit range.

Credit score ranges can get more complicated after that because there are many more than just the two most popular credit scoring models. 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 of 703 or greater. Fico scores in the range of 670 to 739 are rated good. 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.

For example equifax credit score ranges from excellent to poor are. A vantagescore above 660 is considered good while a score above 780 is considered excellent.