A credit score is more than just a number—it’s a key factor that lenders, landlords, and even employers use to gauge financial responsibility. Understanding the ranges helps you see where you stand and what to aim for.
Poor (300–579)
A score in this range signals high risk to lenders. People in this category may struggle to get approved for credit cards or loans, and if approved, they usually face higher interest rates.
Fair (580–669)
This range shows some financial responsibility but also room for improvement. Borrowers may still face higher interest rates, but approval chances increase compared to the “poor” range.
Good (670–739)
This is considered a healthy score. Most lenders view individuals in this range as reliable, offering them access to better loan terms and lower interest rates.
Very Good (740–799)
Scores in this category demonstrate strong financial habits. Borrowers often qualify for premium credit cards, favorable mortgage rates, and higher loan amounts.
Excellent (800–850)
This top tier opens the door to the best financial opportunities. Lenders see these borrowers as very low risk, which means the highest approval chances and the lowest possible interest rates.
