What Is An Excellent Credit Score Range For Experian
We provide a score from between 0 999 and consider a good score to be anywhere between 881 and 960 with fair or average between 721 and 880.
What is an excellent credit score range for experian. The latest vantagescore 3 0 model uses a range between 300 and 850. Experian and equifax among others both have their own proprietary scoring models. 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. Someone with a fico score of 800 or above is considered to have exceptional credit.
This range includes the average u s. 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. For a score with a range of 300 850 a credit score that is above 700 is generally accepted as good. Credit score and lenders view consumers with scores in this range as acceptable borrowers.
People with scores ranging from 740 799 fall into the very good credit range. Individuals with scores in this range may qualify for better interest rates from lenders. 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.
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.