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What is considered a good Equifax credit score?

Writer Sebastian Wright

670 to 739
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.

Can I buy a house with 671 credit score?

If your credit score is a 671 or higher, and you meet other requirements, you should not have any problem getting a mortgage. Credit scores in the 620-680 range are generally considered fair credit. There are many mortgage lenders that offer loan programs to borrowers with credit scores in the 500s.

What is the lowest credit score Equifax?

What are the Equifax credit score ranges? The Equifax Credit Score ranges from 280-850. It is calculated using information in your Equifax credit report. The Equifax credit score is an educational credit score designed to give you an idea of where your credit stands.

Is Equifax score 609 good?

A FICO® Score of 609 places you within a population of consumers whose credit may be seen as Fair. Your 609 FICO® Score is lower than the average U.S. credit score. Consumers with FICO® Scores in the good range (670-739) or higher are generally offered significantly better borrowing terms.

What does it mean to have a 671 FICO score?

671 FICO Score. A credit score, also known as a FICO Score is a number that summarizes your credit risk, based on a snapshot of your credit report at a particular point in time. A credit score helps lenders evaluate your credit report and estimate your credit risk. The most widely used credit scores are FICO scores,…

What should my credit score be on Equifax?

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

What does a FICO score of 700 mean?

Scores are assigned a numeric value of between 300 and 850. Here is the general scale and what the scores may mean: 700 and above: Excellent / Very Good Credit. You are considered a low credit risk by institutions and would generally qualify for the lowest interest rates and repayment terms.

What happens if your credit score is below 660?

Those with credit scores below 660 may be less likely to qualify for better loan terms. Those with lower scores who fall into the “poor” credit range (generally below 560) are more likely to have difficulty getting credit or qualifying for better loan terms. How Do Your Actions Impact Credit Scores?