What Do My Credit Score Numbers Mean?

Credit.com

550? 725? 680? What does your credit score mean? In this chart, we take a look at what goes into having excellent, very good, good, fair, bad and very bad credit.

See what your credit score tells lenders and where you can improve. This useful guide to credit scores, compiled by Credit.com’s Credit Experts, is based on the most common credit scoring range used by FICO.

[Related Article: Can You Really Get Your Credit Score for Free?]

Of course these are generalizations with almost as many exceptions as rules, but it provides a useful guide for any consumer.

If you’re trying to build — or maintain — your credit, it helps to monitor it regularly, along with your credit reports, to check your progress and look for areas you need to work on.  You can obtain your credit reports for free from each of the three major credit reporting agencies once a year through AnnualCreditReport.com.  And you can get your credit score for free once a month using Credit.com’s free Credit Report Card.

Quality

Late payments, collections, public records

Credit utilization

(balance/limit ratio)

Length of credit history

New accounts & inquiries

Rates qualifying for

Score range

Excellent

None

1% – 10%

Long

None

Lowest

800+

Very good

None

1% – 10%

Medium to long

Very few

Lowest

750-800

Good

None recently

10% – 25%

Medium

Few

Low to medium

700-750

Fair

Recently, but not currently

25% – 50%

Short to medium

More than a few

Low to medium

650-700

Bad

Currently and in the past

50% – 75%

Short

Too many

Medium to high

600-650

Very bad

Currently and in the past

75% – 100%+

Short

Too many

High

Below 600


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