FICO SCORES

The FICO® Score, created by Fair Isaac Corporation, is the most widely used credit score. 90% of top lenders use FICO® Scores to help them make billions of credit-related decisions every year. FICO® Scores are calculated based on information in a consumer's credit report maintained by the credit bureaus, Experian, Equifax, and TransUnion.

Most credit scores have a 300-850 score range. The higher the score, the lower the risk to lenders. A "good" credit score is considered to be in the 670-739 score range.

Credit Score Ranges Rating
Description
<580PoorThis credit score is well below the average score of U.S. consumers and demonstrates to lenders that the borrower may be a risk.
580-669FairThis credit score is below the average score of U.S. consumers, though many lenders will approve loans with this score.
670-739GoodThis credit score is near or slightly above the average of U.S. consumers and most lenders consider this a good score.
740-799Very Good This credit score is above the average of U.S. consumers and demonstrates to lenders that the borrower is dependable.
800+ExceptionalThis credit score is well above the average score of U.S. consumers and clearly demonstrates to lenders that the borrower is an exceptionally low risk.