What Is a Good Credit Score Range?

Summary: With your score still being within the good credit score range, you will be accepted for every kind of credit and the least interest rate as long as it doesn’t go below this point. You will qualify for almost every loan and this good credit score range won’t hold you from getting insurance and finding employment.

Generally speaking when your credit score is above 700, it can answers the question of what is a good credit score range. However, if you surf the internet you will see a lot of comments of what a good credit score range is. This makes sense because it reflects the industry considering the fact that every lender has their own criteria when determining the credit worthiness of an individual. Analyzing credit scores into ranges is the easiest way to understand when you are within the good credit score range. It gives you the clear picture of where are and also answers the question of ‘what is a good credit score’. It will also let your understand how you would be treated by potential lenders, insurance companies, and even potential employers. With this you will have a clear understanding of what good credit score ranges is and how it makes you seem in the eyes of lenders.

To most lenders, there is only very little difference between 750 and 800. With this good credit score range, you will get approved and offered the best interest rates just the same way they treat customers with excellent credit score. The only difference between the treatments people in this rage get over the people in excellent credit score range is their debt to income ration. This will only be short of excellence due to few late payments and also delay in payments in work place. With a score between 700 and 749, you will still get approval as you still fall within the range of a good credit score. You might not be given the lowest interest rates and VIP treatment like others above this good credit score range. With this you obviously have a great credit history but must have had a collection account somewhere along the line. Probably a late payment a while ago or might just have had too much credit debt. But irrespective of all that, you are still in good shape.

Related Source: https://goodcreditblog.wordpress.com/2016/06/15/understanding-good-credit-scores/