What is considered a very good credit score?

What is considered a very good credit score?

Generally speaking, a credit score is a three-digit number ranging from 300 to 850. Although ranges vary depending on the credit scoring model, generally credit scores from 580 to 669 are considered fair; 670 to 739 are considered good; 740 to 799 are considered very good; and 800 and up are considered excellent.

Is 750 a good FICO score?

A 750 credit score is considered excellent in Canada. With an excellent credit score, you’ll be more likely to qualify for premium credit cards, loans, mortgages, and other financial products at low interest rates. There are five distinct categories that credit scores fall into, ranging from poor to excellent.

Is a credit score of 315 good?

Your score falls within the range of scores, from 300 to 579, considered Very Poor. A 315 FICO® Score is significantly below the average credit score.

What is a highest credit score you can get?

If your goal is to achieve a perfect credit score, you’ll have to aim for a score of 850. That’s the highest FICO score and VantageScore available for the most widely used versions of both credit scoring models.

What does it mean when your credit score is 752?

Staying the course with your Very Good credit history. Your 752 credit score means you’ve been doing a lot right. To avoid losing ground, be mindful of avoiding behaviors that can lower your credit score.

What does a credit score of 750 mean?

A credit score of 750 or above signifies a customer who has good repayment history. There is a good chance your application will be approved with such a score. Quicker approval: Once lenders see a good score, the approval process can take just days instead of weeks or months.

What’s the average utilization rate for a credit score of 752?

In statistical terms, just 1% of consumers with Very Good FICO ® Scores are likely to become seriously delinquent in the future. A FICO ® Score of 752 is well above the average credit score of 704, but there’s still some room for improvement. Among consumers with FICO ® credit scores of 752, the average utilization rate is 31.8%.

What number is considered a very good credit score?

For a score with a range between 300-850, a credit score of 700 or above is generally considered good. A score of 800 or above on the same range is considered to be excellent. Most credit scores fall between 600 and 750.