FAQ

Credit scores typically range from 300 to 850, and they are categorized into several ranges.

1. Poor (300-579):
   • Individuals with credit scores in this range may have a history of late payments, defaults, or even bankruptcy.
   • They may struggle to qualify for credit or loans, and if approved, they often face higher interest rates and less favorable terms.
2. Fair (580-669):
   • Credit scores in this range indicate some past credit issues or limited credit history.
   • Borrowers may qualify for credit products, but they might still face higher interest rates and less favorable terms compared to those with higher scores.
3. Good (670-739):
   • This range indicates a solid credit history with responsible credit use.
   • Individuals typically qualify for most credit products with moderate interest rates and favorable terms.
4. Very Good (740-799):
   • Credit scores in this range reflect a very strong credit history and responsible credit management.
   • Borrowers generally qualify for competitive interest rates and favorable terms on credit products.
5. Excellent (800-850):
   • Credit scores in this range are considered exceptional.
   • Individuals with scores at or above 800 typically receive the best interest rates and most favorable terms on credit products.
   • They have demonstrated a long history of responsible credit use and management.

Understanding your credit score range can help you assess your financial standing and determine the types of credit products and terms you are likely to qualify for. It’s important to regularly monitor your credit score and take steps to maintain or improve it over time.