What Range of Values Constitutes an Excellent Credit Rating?


Quick Answer

Credits scores are generated using software developed by the Fair Isaac Corporation, referred to as "FICO scores," to summarize a person’s credit risk based on the data within their credit report. An excellent credit rating consists of a FICO score ranging from 750-850.

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Full Answer

The FICO score is the number used to summarize your credit risks based on the data within your credit report, with ranges from 300-850. The higher the score the lower the credit risk. FICO scores compare the age of accounts, payment history, debt levels and types of credit used, as a way to quantify what consumers who pay their bill on time have in common to predict how new customers will handle their credit. An excellent credit score aids in getting loans approved quicker and obtaining lower interest rates.

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