Is 700 a Good Credit Score?


Quick Answer

As of 2014, a credit score of 700 ranges from just above fair to good, depending on the scoring model used. Most credit-scoring models use a range of 300 to 900.

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Full Answer

Generally, a credit score of 599 or lower equals bad credit, and a score of 750 or higher equals excellent credit. A credit score helps determine a borrower's level of risk and ability to repay loans. The higher a person's credit score, the more options he has, including higher credit limits and lower interest rates. While credit-scoring models are fairly static, different creditors use various interpretations of credit scores and follow different rules regarding lending practices.

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