![]() ![]() VantageScore: 781-850 What credit score do I need for different financial products? This can lead to additional perks such as 0% introductory APRs on credit cards or 0% financing for cars. VantageScore: 661-780 What is an excellent credit score range?įinally, a credit score between 781 and 850 falls is considered “excellent.” A credit score in this range shows lenders that you would be an excellent borrower and would repay your loan or line of credit as promised. A good credit score shows that you are responsible with your finances and less likely to default on a loan, which can translate to a lower interest rate. If your credit score falls around the 670 to 799 range, it’s usually considered “good.” With a credit score in this range, you’re likely to be approved for most loans or credit cards. VantageScore: 601-660 What is a good credit score range? And you can expect to be offered loans with higher interest rates than you would if your credit score were in the “good” range. If you have a fair credit score, you’re more likely to be approved for loans and credit cards-though not all lenders will approve loans for borrowers with a fair credit score. ![]() VantageScore: 300-600 What is a fair credit score range?Ī “fair” credit score is considered to be between 580 and 669, depending on the type of score the lender uses. This can be very limiting and mean you’re unable to get a loan to buy a house or a car, or open a credit card for emergencies, unless you can improve your score. A credit score that’s under 580 to 600 is considered “bad.” If you have a score in this range, you’ll likely struggle to find lenders who are willing to approve you for a loan or credit card. ![]()
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