At what number does fair end and good begin on credit score ratings?

Question

I guess what i am looking for is a scale. I know my credit score but i need to know how many points i am away from the next level.

Answer 1

I think the good begins at around 700.

Answer 2

generally, "fair" is from about 600 to about 680.  I don't think banks really use "fair" or "good." as a deciding factor.  My understanding is that if you want to have a pretty good chance of being approved for credit at a decent rate, you should have a score of about 700.  For secured loans, like a car note, your score can be a bit lower.

Answer 3

Free Credit Report Frequently Ask Questions and Helpful Credit Information:

Q.  Can I Really Get a Free 3 in 1 Credit Report?

A.  Yes, according the The Fair Credit Report Act which FTC regulates and enforces.  We have provided you with companies that can offer you a free copy of your credit report.  The Fair Credit Reporting Act (FCRA) requires each of the nationwide consumer reporting companies; Equifax, Experian, and TransUnion, to provide you with a free copy of your credit report, at your request, once every 12 months. The FCRA promotes the accuracy and privacy of information in the files of the nation’s consumer reporting companies. The Federal Trade Commission (FTC), the nation’s consumer protection agency, enforces the FCRA with respect to consumer reporting companies.  

Answer 4

The scale ranges from 300-800.

Answer 5

The average US credit score is 692.  Generally "good" begins at around 660.   Those with scores of 690-700 will get lower interest rates than those with a 660-689 score.  Scores of 720 and above get very good interest rates.  Those in the "credit elite," which is 760 and above get the very best credit terms.