Credit Score

What Do My Credit Score Numbers Mean?

Comments 11 Comments

550? 725? 680? What does your credit score mean? In this chart, we take a look at what goes into having excellent, very good, good, fair, bad and very bad credit.

See what your credit score tells lenders and where you can improve. This useful guide to credit scores, compiled by Credit.com’s Credit Experts, is based on the most common credit scoring range used by FICO.

Of course these are generalizations with almost as many exceptions as rules, but it provides a useful guide for any consumer.

If you’re trying to build — or maintain — your credit, it helps to monitor it regularly, along with your credit reports, to check your progress and look for areas you need to work on. You can obtain your credit reports for free from each of the three major credit reporting agencies once a year through AnnualCreditReport.com. And you can get your credit score for free once a month using Credit.com’s Free Credit Report Card.

Quality

Late payments, collections, public records

Credit utilization

(balance/limit ratio)

Length of credit history

New accounts & Inquiries

Rates qualifying for

Score range

Excellent

None

1% – 10%

Long

None

Lowest

800+

Very good

None

1% – 10%

Medium to long

Very few

Lowest

750-800

Good

None recently

10% – 25%

Medium

Few

Low to medium

700-750

Fair

Recently, but not currently

25% – 50%

Short to medium

More than a few

Low to medium

650-700

Bad

Currently and in the past

50% – 75%

Short

Too many

Medium to high

600-650

Very bad

Currently and in the past

75% – 100%+

Short

Too many

High

Below 600

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  • caz

    Helpful, thanks!

  • pkay

    i have a credit score of 597 and I am a sophomore in highschool. could my credit score be bad because i took out loans (both subsidized and unsubsidized)

    • http://www.credit.com/ Credit.com Credit Experts

      If you took out loans and the loans weren’t paid or went delinquent, this could definitely have a negative impact on your credit scores. The only way to know for sure why your credit score is bad is to review the reason codes or score factors that were included with your score. With you only being a high-school sophomore, this raises a red flag for me. Did you actually apply and get approved for these loans on your own?

      To explain, your credit scores are based on the information being reported in your credit reports. Which means your credit scores are only as accurate as the information being reported in your credit reports.

      Under federal law you’re entitled to one free copy of your credit reports from each of the three credit reporting agencies once every twelve months. If you haven’t already done so, we’d encourage you to claim your annual freebie to make sure the information being reported actually belongs to you. To claim your free reports visit http://www.annualcreditreport.com.

  • Kitty

    My credit score is 379 I’ve never had credit before and this is the first time its popped up with me actually having a line of credit… not sure what’s going on here.

    • http://www.Credit.com/ Gerri Detweiler

      Kitty – are you saying that you don’t have a line of credit? If so what you need to do is get your credit reports from AnnualCreditReport.com and find out who is reporting. If the account is not yours, follow the steps in this article: A Step-By-Step Guide to Disputing Credit Report Mistakes

  • http://www.Credit.com/ Gerri Detweiler

    Where did you purchase or receive this score? That source should be able to tell you. Unfortunately I am not familiar with this kind of credit score.

  • http://www.Credit.com/ Gerri Detweiler

    It all depends on what the lender is looking for. In many scoring models 796 is very good – but it does depend on which credit score range is being used when you review your score. Where are you getting this score?

    This article may help as well: The Credit Score Range

  • Raj

    Hi thats my credit score whats that mean…. Can anyone explain how its work… Please

    • http://www.credit.com/ Credit.com Credit Experts

      Raj —

      Your credit score is a 3-digit number that lenders use to decide how likely you are to repay money if they lend it to you. It can also affect the interest rates you are offered on credit cards, car loans or mortgages. You can get a free credit score for yourself with a Credit.com account and see the factors that affect it. You can find more information here:

      The Credit Score Range

      Here’s how to monitor your credit score for free.

  • http://www.Credit.com/ Gerri Detweiler

    Perhaps she obtained her free credit score through a service like Credit.com. When we show consumers their credit scores we also show them letter grades for each of the five main factors affecting their scores.

  • http://www.Credit.com/ Gerri Detweiler

    I am unfamiliar with that specific type of reporting so I can’t speculate as to what it is or what it means. However, the law requires the credit reporting agency explain anything you don’t understand on your report. Have you tried calling them?

    We wrote about how collection accounts affect your credit scores here: The 7 Biggest Questions About Debt Collections & Your Credit

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