A credit score of 760-799 is considered good to great credit, and will typically result in interest loan rates and approval rates that a credit score in the 800-850+ bucket would yield. The only difference might be a few more pricing incentives at the 800-850+ range, and a more thorough credit check.
It’s hard to say where these credit score levels consistently cut off. Sometimes one credit score might be different from another; i.e., your TransUnion score might be 685 and your Equifax score might be 705.
Most credit scores – including the FICO score and VantageScore 3.0 – operate within the range of 300 to 850, and a good credit score is typically one that is 700 or above. Within that range, there are different categories, from bad to excellent.
The highest FICO score is, theoretically, 850. In reality, an 800 credit score or higher is considered elite. FICO claims that it is, indeed, possible to reach its highest number. However, scores can change every time new data is reported to the credit bureaus, so an 850 credit score might not stay at that level.
You can see that over 50% of the population has a credit score over 700, with 42% scoring below that level. Lower credit scores aren’t always the result of late payments, bankruptcy, or other negative notations on a consumer’s credit file.
Levels of FICO Scores by Karen Farnen ; Updated July 27, 2017 The most commonly used FICO score, called a base FICO score, ranges from 300 at the lowest level to 850 for those with the best credit records.
For a score between 300-850, a credit score of 700 or above is generally considered good. A score of 800 or above is considered to be excellent. Find out more about good credit scores.