What is a range of credit score?

What is a range of credit score?




Life is a journey with tests which have results afterwards. The results we get are compared to the expected, to give us a feedback. In matters finance, your credit score will be a basis of so many decisions, not only by yourself but also by other interested parties. A credit score range is the reference point or key that shows what different credit scores actually mean.

Various credit score ranges


As noted earlier, existence of different credit reporting bureaus and agencies, explains the existence of different credit score ranges but all of them come to an almost standard, which confirms the reliability of all of them. For instance, the FICO credit bureau which is the commonly used has its credit score range between 300-850, Equifax has its range between 280-850, Experian at 360-840, TransUnion between 300-850 and the CreditXpert having its credit score range between 300-900. Mathematically, an average lower limit of the 5 major credit bureaus is 308 and 858 as the average upper limit respectively. It is information including and not limited to the mathematical analysis above that lead to the determination of the standard credit score range of 300- 850. This is the FICO standard credit score range and the credit score range chart appears as follows:

Credit Score Range


  • 800-850 Excellent
  • 750-799 Very good
  • 700-749 Good
  • 650-699 Fair
  • 600-649 Poor
  • 300-599 Very bad


The chart explains the credit score ranges, which in turn give you the position you stand to get credit approval. Different credit score ranges mean different credit availability options, different credit terms and different credit interest rates. The higher your credit score range, the easier and more advantaged you are in matters credit.

Detailed credit score explanation


Diving deeper into the details of the credit score range chart, we have the lower part of the chart; a credit score range between 300-599 is considered the worst credit score range possible. At this range, it is very difficult to get approved for any credit facility, even the secured loans. In the world today, risk is a significant factor and extending credit to people and corporates within this credit score range is a risk that most credit providers are not willing to take. The "better" side of this lower part of the chart is a range of between 600-649. This is a poor credit score range, which can only get you considered for secured loans, but with very high interest rates and strict payment periods.


credit score range


A credit score range of between 650-699, is considered a fair range, attracting fair credit terms and interest rates, and at least allows for the opportunity to negotiate with the credit providers. Slightly above this this range is what is considered a good credit score range, which other people regard as the average credit score range: between 700-749. At this range, you will be readily approved for various types of credit facilities available, with higher credit limits, not to mention the fairly good credit terms and low credit interest rates.


Anything above the 750 credit score is a high credit score. The two upper credit ranges are generally credit scores that all credit providers would want to be associated with. Corporate and business score range is mostly more or less above the good credit score range. Debt being a more preferred form of capital as compared to equity due to the advantages such as tax being treated as expense is what prompts businesses to aim to have and maintain a great credit score range.


good score range


It is a personal responsibility to maintain within a decent credit score range for a smooth financial life. Having understood the standard credit score range, and the explanation of the credit score range chart, the rest is upon you to decide in which credit score range you wish to be in.