A credit score of 721-880 is considered fair. A score of 881-960 is considered good. A score of 961-999 is considered excellent (reference: ). A credit score of 604-627 is good.

What is the average credit score to get credit?

711
The average credit score in the US is 711, according to credit reporting company Experian, calculated using the FICO scoring model. Credit scores, which are like a grade for your borrowing history, fall in a range of 300 to 850.

Does anyone have an 800 credit score?

Your 800 FICO® Score falls in the range of scores, from 800 to 850, that is categorized as Exceptional. Your FICO® Score is well above the average credit score, and you are likely to receive easy approvals when applying for new credit. 21% of all consumers have FICO® Scores in the Exceptional range.

What kind of loans can you get with an 813 credit score?

A 813 FICO® Score is considered “Excellent”. Mortgage, auto, and personal loans are extremely easy to get with a 813 Credit Score. Lenders like to do business with borrowers that have Excellent credit because it’s less risky. It gets even better.

What’s the average utilization rate for a credit score of 813?

A Very Good score is hardly cause for alarm, but staying in the Exceptional range can mean better chances of approval on the very best credit offers. Among consumers with FICO ® credit scores of 813, the average utilization rate is 11.5%. The best way to determine how to improve your credit score is to check your FICO ® Score.

What should my credit score be to get a good loan?

With both, 800 is exceptional. But if your credit score isn’t near that number, you should know what constitutes a good credit score that will let you qualify for a loan at a decent interest rate. The answer: It should be at least in the mid to high 600s.

What does a credit score of 800 mean?

Any credit score of 800 or higher indicates that you’ve been using loans, credit cards and other lines of credit responsibly for several years, paying your monthly bills on time and keeping your credit report clear of negative information.