What is a Good Credit Score Range?
The article, Credit Score Range – What is a Good Credit Score, has dealt with the following questions pertaining to FICO scores, mainly, What is a credit score range and What is considered a good credit score? Hence, people may be interested in referring to the aforementioned article since the FICO 08 model evaluates the factors considered by the FICO model and more. For a quick recapitulation, the latter considers 300 – 850 as the credit score range, with 850 being the highest credit score possible. Previously, a credit score over 720, or in some cases over 680, was considered good, but in the current scenario people with credit scores between 780 and 850 are considered prime borrowers. FICO 08 Scoring Model: This new credit scoring model uses the same factors that were used by the FICO model, viz. payment history, credit utilization, length of the credit history, types of credit used, and recent applications for new credit while computing the credit score. Moreover, the credit score
