![]() ![]() It provides only “credit tiers” in the context of the Consumer Financial Protection Bureau’s (CFPB’s) definition of an average credit score, which the CFPB calls “prime.” “We … leave it up to lenders and the bureaus to determine what is a ‘good’ credit score since that’s really in the eyes of a lender,” said Jeff Richardson, Vice President and Group Head–Marketing & Communications, in an email interview. 2 VantageScore Solutions takes a different approach. ![]() also lists the FICO credit score ranges and labels shown in the chart at its own web site, noting that the average American credit score falls into the “Good” range. Learn more in “ How to Check Your Credit Score for Free.”)įair Isaac Corp. (If you don’t know your current score, it’s easy to find out. And if you don’t like the implications of your credit score range, you can take actions that could change it. That could help you plan various aspects of your life, including the likely success of credit card, loan and rental applications, and whether you can expect to be offered favorable interest rates. That’s because the different scales are more similar than different, and the scales are divided into credit score ranges whose names are simple and easy to remember (such as “good” and “excellent”).Īlthough cracking the credit code won’t help you save the world, knowing the credit score range where your score lands can help you understand how lenders may view you in terms of credit risk. But by the time you’ve considered the various credit score scales (including FICO, VantageScore and industry-specific scales like those used for auto loans), it can certainly feel that way.įortunately, you don’t need to be the hero of the Da Vinci Code to make sense of your credit score. Figuring out what a credit score of 640 (or 580 or 810, or …) means isn’t really as tough as cracking the Da Vinci Code.
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