Credit Score

What Do My Credit Score Numbers Mean?

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What Do My Credit Score Numbers Mean?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.

[Related Article: What is a good credit score?]

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.

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