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The ranges for your credit score numbers are from 300 (the very lowest) to 850. That is not to say that you can’t get a credit score higher than 850; however, it’s just that FICO (Fair Isaac Company-or Corporation-both are correct) recognizes this as the highest score.
Banks, mortgage companies and other lending agencies look at your credit score numbers (and it is possible to have three different ones—more on that later) to determine your “creditworthiness”; that is, if you are worth taking a risk on by lending you money. The higher your credit score, the better your chances of getting a loan are; however, if other circumstances exist, this may not be the best indicator.
As mentioned earlier, it is possible to have three different scores, because there are three different credit reporting agencies—TransUnion, Equifax, and Experion—and they all have a slightly different way of determining your credit score. Granted, your score should not differ drastically between the three, but there can be differences.
A credit score of 750 or higher is considered Excellent; between 650 and 750 is considered good. Some lenders consider 625 to 650 as Average, and will extend credit, usually with the best interest rate offers, to consumers with these numbers. Anything under 625 is generally considered Poor.