VantageScore rates any score from 781 to 850 as Excellent. Excellent credit can help you get the best rates and terms on premium credit cards and loans, mortgages and other lines of credit.
Some characteristics of borrowers with excellent credit scores include keeping their credit utilization ratio low and consistently making payments on time.
VantageScore rates Good between 661 and 780. Having a good credit score can help you qualify for more financial products like home and auto loans and credit cards with better interest rates.įICO breaks down the good credit range into Good (670-739) and Very Good (740-799). VantageScore rates a Fair score between 601 and 660. FICO rates a Fair score between 580 and 669. It may give you more credit opportunities than poor credit, but improving your scores could help you get better terms.įICO and VantageScore differ slightly on what counts as a fair credit score. Having fair credit generally puts you near the middle of credit score ranges. VantageScore has Very Poor (300-499) and Poor (500-600) categories. If you can qualify, you might not be able to get the most favorable loan terms.įICO’s lowest category is Poor. If you have a poor credit score-what might be considered a bad credit score-qualifying for new credit or getting a mortgage for a house might be more difficult. Here’s a general overview of score ranges and what they mean. But knowing which category you fall into can give you an idea of the types of credit cards and interest rates you might qualify for.
Decisions about loans and credit are ultimately up to lenders.
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