Borrowers in this range will have no problem getting approved for loans or credit. The credit score range for “exceptional” borrowers is 800 to 850 for FICO® and 781 to 850 for VantageScore. Lenders use these ranges to help them decide what credit terms to offer. The Credit Score Rangesīoth FICO® and VantageScore divide credit scores into ranges that define general risk brackets. Here’s a list of all types of credit scores you should know, along with their credit score ranges. 🤔 Did you know you have more than two credit scores? In fact, you have over 30 of them. 👉 Learn more about how your credit score is calculated. They calculate scores using slightly different formulas and group their scores in slightly different ranges. Your score is based on six different criteria:Ĭredit scores are provided by two major companies: FICO® and VantageScore. The higher your score, the lower the perceived risk of lending to you. Your credit score is a numerical representation of the risk you pose to a lender.

Let’s look at the basics of credit score ranges and how they affect your finances. It can even influence the type of apartment you can rent. The credit score range you fall into can determine whether you are approved or denied for a loan or credit card and how much interest you pay. Understanding credit score ranges gives us a better idea of how lenders actually use credit scores. Most of us understand the impact that our credit score has on our financial lives. When you purchase through referral links on our site, we earn a commission.

Credit score ranges