What Is a Good FICO Score?


Quick Answer

According to ScoreInfo from FICO, a good FICO score ranges from 660 to 724. Because scores within this range are near the average score of U.S. consumers, most lenders view these scores as good.

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Full Answer

A credit score is based on the data found in a credit report. According to myFICO, there are five specific factors that FICO uses when determining a credit score. The biggest factor is payment history, which accounts for 35 percent of the score. How much debt a person has is 30 percent. The length of credit history is 15 percent. Ten percent of the score reflects the type of credit. The remaining 10 percent measures how much new credit a person has applied for recently. How much any one factor affects the FICO score depends on the overall data contained in the credit report.

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