What range is considered a good credit score?

What range is considered a good credit score?

• A. 670-739
• B. 550-649
• C. 740-799
• D. 800-850

Answer: (A)

Credit scores show lenders how likely you are to repay loans. For commonly used scoring models, a score in the 670–739 range is generally labeled as good. This range signals you have a solid repayment history and not too many serious delinquencies, so lenders are comfortable offering standard loan terms and reasonable interest rates. Borrowers in this band often qualify for mortgages, autos, and other loans with favorable terms without special arrangements. Keep in mind that scores a bit higher—around 740–799—are usually described as very good, and 800–850 as excellent, often unlocking the best possible rates. Scores lower, like 550–649, are typically considered fair or poor and may come with higher interest rates or stricter approval criteria. While exact cutoffs can vary by lender and scoring model (FICO vs. VantageScore), the general idea remains the same: 670–739 is commonly the accepted range for a “good” credit score.

Credit scores show lenders how likely you are to repay loans. For commonly used scoring models, a score in the 670–739 range is generally labeled as good. This range signals you have a solid repayment history and not too many serious delinquencies, so lenders are comfortable offering standard loan terms and reasonable interest rates. Borrowers in this band often qualify for mortgages, autos, and other loans with favorable terms without special arrangements.

Keep in mind that scores a bit higher—around 740–799—are usually described as very good, and 800–850 as excellent, often unlocking the best possible rates. Scores lower, like 550–649, are typically considered fair or poor and may come with higher interest rates or stricter approval criteria. While exact cutoffs can vary by lender and scoring model (FICO vs. VantageScore), the general idea remains the same: 670–739 is commonly the accepted range for a “good” credit score.