How Do You Interpret FICO Score Ranges?


Quick Answer

FICO credit scores of 300 to 620 and below are generally seen as representing high risks to lenders, whereas applicants with scores around 680 to 850 are seen as low risks. Applicants with scores between 620 and 680 likely qualify for credit at prime rates, but not the lowest available.

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Full Answer

About 58 percent of Americans had credit scores well within the "good" range, as of 2014. Credit scores are used not to indicate a potential borrower's good or poor payment history, but as a simple, statistics-based tool to help lenders evaluate the risk of extending credit to someone in certain categories. Some factors, including current income and credit reports detailing recent late payments, may cause a lender to hesitate in lending even to someone with an excellent credit score.

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