A FICO credit score that is acceptable to one lender might not be acceptable to another. One lender might extend credit to anyone with a score above 680, while another lender might use 700 as the cutoff score.
Considerations
Different credit situations often have different credit score requirements. For example, a mortgage-type loan might require a different FICO score than an auto loan.
Acceptable Scores
FICO credit scores range from 300 to 850; the higher the score, the better. According to MyFICO.com, most lenders consider a score above 750 to be excellent and around 700 good. A score close to 650 is considered a fair score.
Unacceptable Scores
A FICO score below 600 is considered a poor score. Anyone with a score below 600 is considered a high credit risk and is likely to be denied credit. If credit is granted, it will probably be at a higher interest rate.
Features
Most people have FICO scores in the 600s and 700s.
Fun Fact
MyFICO.com reports that the average FICO score for people in the United States is 723.
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