What Are The Credit Score Ranges?

Question

hi im wondering if anyone would now that credit score ranges?

like

300-??? = Bad

???-??? = Fair

???-??? = Good

If Anyone Could Tell Me Them Thanks

Answer 1

Credit score ranges are rather straight-forward and applies to most lending programs. The higher the score, the better your credit rating-and the higher your credit worthiness. The scale runs from 300 on the low end to 850 on the high end with the median score in the U.S. falling right around 720.

Part of the mystery behind credit scores is that there is no one particular scale for determining whether or not a credit score is "good." However many financial experts agree that there are some basic guidelines. Generally speaking, credit scores of 800 and above are nearly perfect and most scores of 720 or higher will garner the best mortgage rates and lending options. Credit scores between 750 and 800 are considered to be excellent; credit scores from 720 and 750 are good to excellent; those ranging from 690 to 720 are considered good; and borrowers with credit scores ranging from 620 and 690 are fair credit risks. A credit score below 620 is considered poor.

Answer 2

Per the largest credit union in Oklahoma they are as follows;

Elite 740 & up

Prime 700-739

Preferred 660-669

Standard 625-659

Sub-prime 624 & lower