Many people who are looking to build their FICO scores stronger have often asked “what is a good credit score range to be in?”. To answer a question like that you must first consider what is a credit score rating and exactly what those scores represent.

Although the credit bureaus do not like to share such information with the general public, you can still get a pretty good understand about this credit score scale based on your knowledge of other peoples credit history. Especially if you are in the financial industry, you will know a lot about the credit reporting if you are having pull peoples credit score every day.

Understanding The Credit Score Rangecredit score range

The lowest range available is 350 to 500.

This credit score range is definitely the worst to be in. Your really would have to trash your credit pretty bad to be in this area. Those that wind up here have a really hard time recovering their FICO score and building it back up again. It is highly recommended to seek credit counseling and credit restoration from experts if you want immediate improvements.

The second lowest range is the 500 to 650 area on the credit score range.

This is not as bad of a place to be but certainly will not allow you many options for getting loans, and if you do get loans your interest rates will not be very attractive. Many people in this range will still be allowed credit cards but will start out with low credit limits and high interest rates.

The 650 to 720 area is a great improvement.

It and will allow you much more freedom to acquire loans and pretty decent interest rates. No days you may be accepted for some attractive FHA loan programs is you were to get a mortgage for you home and have one of these scores.

A 720 to 800 score gives you major bragging rights!

When your credit score range exceeds the 720 mark and goes up to 800 and beyond then you will definately get the prime and supreme deals for any kind of financial matter you are interested in engaging in. Lenders will be hounding you with information in the mail about the latest and greatest credit cards and loan programs because you a prime candidate for any loans.

The Best Credit Score Range

Although many claim that 850 is the highest you can go on the credit score chart, many believe that it is possible to get into the 850+ range. This has not yet been documented and is a pretty gray area since the credit bureaus do not come out and say this. But if you are anywhere in the 800 and above range then you should be feeling pretty good about your lending potential.

Hopefully this will give you a better understanding about what a good credit score range can be so that you are more educated when entering a loan office.

=> Go HERE to Check your Official Credit Score

credit score rangeAll of us citizens in the United States have to be evaluated by the Fair Isaac Corporation’s FICO score. This includes a credit score range from 300 to 850. 300 being the lowest and the worst score to possess, while 850 is the best and the most prime score one can hold.

Some say it is next to impossible for anyone to actually get an 850 score. However, many who work hard at it can actually get score to rank in the 800 range and can receive many financial benefits including low interest rate, excellent lending terms, and high amounts of money that they can borrow. More details about the meanings behind your scores can be found at this credit score range page.

The credit score range is comprised of 3 major credit bureaus which include Equifax, Experian and Trans Union. They all have various models of comparing your scores. For instance, Trans Union uses the FICO risk scoring model, Experian uses a version called the PLUS Score and Equifax uses the scoring system called the Fair Isaac Score Model. They are each slightly different from each other which explains why your scores by look different from each bureau.

Credit Score Range Interpretation

Even though all of us who have social security numbers and are legal residence in the United States have credit scores, very few of us actually know what a credit score range really means.

To explain it in simple terms, it means that in a strong economy with a great amount of money to lend then you can easily get loans for any kind of credit score, even if you have a low score in the 580 range. But if we are in a down economy and the banks have to be more conservative with their investments, they will not feel as comfortable with providing lending terms to one who is a sub-prime borrow with a low FICO score.

Instead, they will go after the Alt-A borrower with credit scores in the 700+ range since they are of much less risk. You see, a strong credit report is all relative to how responsible you are with your money and how well you service your debts. If you can show the 3 bureaus that you are responsible and service your debts on time for many years, you will be granted more credit worthiness and will have high scores.

Paying take the consistent actions on regular basis like paying down your minimum monthly payments on your cards, servicing all of your debts, monitoring your FICO scores regularly and addressing any errors that show up you will build strong profile. Please use the resources throughout this site to boost your scores and in time you will have a very solid credit score range.