Is a 80 credit score good?

31-80 — Good Credit: This range constitutes good credit scores. Businesses falling in this range can typically expect most requests for financing to be approved.

What is an acceptable credit score?

Although ranges vary depending on the credit scoring model, generally credit scores from 580 to 669 are considered fair; 670 to 739 are considered good; 740 to 799 are considered very good; and 800 and up are considered excellent. That means the credit scores they accept may vary depending on that criteria.

Is a 200 credit score bad?

For instance, most major credit scoring models follow a 300 to 850 range (the lower the score, the worse for wear, but more on this in a minute), and, while you’re looking at a score measured this way, you can generally assume anything below 600 is a bad credit score. Excellent Credit: 750+ Good Credit:700-749.

What’s a terrible credit score?

What Is a Bad Credit Score? On the FICO® Score☉ 8 scale of 300 to 850, one of the credit scores lenders most frequently use, a bad credit score is one below 670. More specifically, a score between 580 and 669 is considered fair, and one between 300 and 579 is poor.

Is 828 a good or bad credit score?

A FICO ® Score of 828 is well above the average credit score of 704. An 828 FICO ® Score is nearly perfect. You still may be able to improve it a bit, but while it may be possible to achieve a higher numeric score, lenders are unlikely to see much difference between your score and those that are closer to 850.

What is a bad credit score on a loan?

Lenders often refer to this group as “subprime,” which indicates borrowers who may have a hard time repaying a loan. A bad credit score can be compared to a bad grade in school, a failing grade on a driving test, or getting bad results for any other type of assessment that uses a numerical ranking to judge performance.

What happens if you don’t have a good credit score?

Having a poor credit score will result in a higher interest rate on your home mortgage, for example, which can cost you tens of thousands of dollars over the life of the loan. Trouble getting a mortgage: Mortgages are very large loans, so understandably, lenders want to be confident you will not default on them.

What is a good credit score for a credit card?

In general, poor FICO scores range from 300–579; fair scores range from 580–669; good scores range from 670–739; very good scores range from 740–799; and exceptional or excellent scores range from 800–850. Credit Card Insider receives compensation from advertisers whose products may be mentioned on this page.