According to Experian, a good credit score is a score above 700. This suggests to a lender that there is a history of good credit management. Experian states that most credit scores are between 600 to 750.
There are several factors that impact a credit score. Numerous late payments, age of an account, credit to balance ratio and total debt are some factors that can negatively impact a credit score. On-time payments, no collection accounts and a low number of credit inquiries are factors that impact a credit score positively, Experian explains.
Each lender uses a different credit system to yield a credit score, Experian notes. A good credit score with one reporting agency typically leads to a good credit score with a lender.