What Is An Excellent Credit Score Range For Experian

Fico scores in the range of 670 to 739 are rated good.

What is an excellent credit score range for experian.

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. Experian and equifax among others both have their own proprietary scoring models. This range includes the average u s. The vantagescore was developed by the 3 major credit bureaus including experian equifax and transunion.

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. Someone with a fico score of 800 or above is considered to have exceptional credit. For example equifax credit score ranges from excellent to poor are.

But there is a range of scores that both fico and vantagescore use. Credit score ranges can get more complicated after that because there are many more than just the two most popular credit scoring models. A vantagescore above 660 is considered good while a score above 780 is considered excellent. Individuals with scores in this range may qualify for better interest rates from lenders.

Credit score and lenders view consumers with scores in this range as acceptable borrowers. 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.