Q:

What is considered an excellent credit rating score?

A:

Quick Answer

While each lender has its own credit thresholds, an excellent credit score is between 740 and 850 as of 2014. Typically, someone with a credit score in this range finds easy access to credit and gets the best rate offers available.

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Full Answer

Lenders generally treat scores in the excellent range as being equal. Thus, someone with a score of 765 is likely to get a similar credit offer as someone with a score of 805. However, achieving higher scores is still beneficial as some lenders have different thresholds than others. Plus, a higher score leaves a buffer in the event of a missed payment or negative mark that knocks the score down.

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