A good credit score is generally considered to be...
A good credit score is crucial for financial success. A credit score is a three digit number calculated from your data-rich credit report and is one factor used by lenders to determine your creditworthiness for a mortgage, loan or credit card. Your score can affect whether or not you are approved as well as what interest rate you are charged. A good credit score is generally considered to be 720 or higher. Lenders, however, can each have different standards for what they consider to be a good credit score, so it‘s important to keep building your score to receive the most favorable interest rates and highest rates of credit approval.
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What are your thoughts on this subject?
67 Comments
Samuel Delavoye
I would like to challenge that question. Good credit score is 600. Great or excellent credit score is 720 or higher. Just saying. I got your question right I just wanted to put in my two cents.
Barbara L Parsons
A "good" credit score is in the 600 range. An EXCELLENT credit score is 720 or higher, so I consider this question to be conflicting. The key word is GOOD, not excellent!
Stevie G
Confirmed .... A FICO Score above 670 is considered a good credit score and a score above 800 is usually perceived to be exceptional. A VantageScore above 700 is considered to be good, while above 750 is considered to be excellent. A score of 600 is classed as fair in both of these groups.
dickahern
Sam and the others are on target. You should also post in the REMARKS section at the top of the page. How did this one get through review? I know that I didn't see it. although Credit -Karma does call it good (no capital letter) but does not differentiate anything but good and other (by implication). Not a very good basis for this kind of quesiton.
Cohelian
The U.S. government would have the worst score in history and never gets penalized. What a hypocritical society we live in.
John A. Witt
A credit score of 720+ is considered excellent not good. Your right answer is WRONG!!!
hweishaupt
Experian, Transunion and Equifax all say that 700 begins the "excellent score" classification. So 600 and higher is "good". 😎
rosemarymee
Cohelian, the present British Tory government must be in the minus range by now.
hazelphyllis
mine's in the 900s
Albert
This is an incomplete sentence.
Susan Lake-Harris
Barbara L Parsons, Yes, I went for 600 as well because that's well known in Australia as "good".
Irene Townsend
Well seems this is from an American credit score, I had no idea. Thankfully I got it right
babolataeropro
pamela h, "They" say if you have good credit score you more likely to make good decisions even ones driving your car.
Joanne Serin
pamela h, Ctedit Karma vould h er lp.
dsneed
Watch enough TV see enough commercials you know the answer to things like this. Yay me.
joesmoothfoster
860 here!! Pay it fast, pay it off. I hate bills! Lol
Janice Lea Vanlandingham
Little Angie, bullshit
Janice Lea Vanlandingham
Peter Robertson, I will take capitalism any day over the other option. Thank you
Janice Lea Vanlandingham
Stevie G, didn't think you could get anything better than 720 or that was what I was told. I wish they would go back to stars. My dad had a 5 * credit.