Credit Scores go from What to What

Credit scores go from what to what is a common question asked by many seeking credit for the first time. The FICO scoring model by Experian credit bureau, is the most popular system used by credit grantors. From this data, the credit bureau create a score ranging from 300 up to 850, known as a FICO score.

Equifax Beacon scores range from 400 - 844; while, FICO scores range between 300 - 850. The majority of credit score scores, however, fall within the 600s and 700s. Higher credit score scores indicate a lower credit risk, and lower credit scores indicate a higher credit risk. The average American with no late payments has a Beacon Fico score of approximately 720.

 

Here's a sample credit scoring table for illustration purposes:

Q: How do I order my free report?

A: You can find out how to order your free annual credit report by reading this helpful article.

Other articles of interest:
Secrets Debt Settlement Companies Won't Tell
Consolidate Debt With A Home Equity Loan
How to read Your Credit Report
Identity Theft - How To Tell If You're A Victim