Do you know how many credit score ranges there are? Do you know how many different credit scores you have? If you think you have just one think again. Let’s take a look at some of the common credit score ranges you may be familiar with:

MyFICO FICO score range 300 to 850
VantageScore range 500 to 990

The VantageScore breakdown for good and bad scores is such:

A (901-990), B (801-900), C (701-800), D (601-700), F (501-600)

These are the nice and clean ones most people are familiar with. You can go to myfico.com and get a copy of your FICO score and it will fit somewhere in this range. But then when you apply for credit for a car loan or home loan you will learn there are more refined credit scoring formulas and ranges to learn.

Here are a few more that you may come across when trying to borrow money:

Auto Insurance Score 150 to 950
Equifax Beacon 5.0 334 to 818
Experian FICO-II 320 to 844
Transunion FICO Classic 04 309 to 839
Home Depot Credit Card Application – Experian Credit Report 250 to 900
Randolph Brooks Federal Credit Union Car Loan Application – Transunion Credit Report 336 to 843

Here’s a sample of credit scores you could get when looking for credit in 2011:

This one is from Randolph Brooks Federal Credit Union in November 2011:

639 credit score – credit denial for a car loan. This was a bad credit score.

These are from May 2011 for a home loan application:

703 Equifax Beacon 5.0
691 Experian FICO-II
739 Transunion FICO Classic 04

The credit scores came from CoreLogic Credco. As you can see, credit scores can change quickly. You can have good credit scores in one month and then you borrow so much money and get several credit inquiries on your credit report and when you go to borrown money a few months later you can have bad credit scores and you get denied credit. And you can also see that credit scores can vary widely from credit reporting agency.

So while Transunion says you have a good credit score of 739, Experian says you have an “OK” credit score at 691. And it all depends on which major credit bureau your lender works with that will determine if you get the loan you want at the interest rate you want.

Your scores can change daily as new information is reported by your creditors. So you can find yourself in the good credit score ranges one day, you may find yourself in the average credit score ranges a few days later as some inquiries or negative credit information gets added to your credit reports.

As listed on the credit score disclosure: “Because the score is based on information in your credit history, it is very important that you review the credit-related information that is being furnished to make sure it is accurate. Credit records may vary from one company to another.”

Each company has their own set of risk factors they want weighted in their credit score formulas and that is why each one has their own credit score range.

But the key to getting and staying the better credit score range is to pay all your bills on time, don’t borrow more than you need by applying for new credit often and keep your debt levels down to a minimum.

Your credit scores are used to determine whether you can get a loan and how much you will have to pay for that loan. By practicing good financial habits you can make sure you have good enough credit scores that it does not matter what credit scoring formula your lender uses and which credit score ranges they use to evaluate your credit.

If you have a bad credit score, you sure would like to know how long will it take to fix your bad credit. You would like your score to be in the better credit score range than where you are now. You have dreams of one day buying a house and would like to qualify for a low rate mortgage loan.

Or you have a low credit score and you are paying a high double digit interest rate on your auto loan. You want to know how long for your credit scores to improve so you can refinance at a lower interest rate and lower your monthly payment so you can see your principal balance go down from month to month.

There are many reasons why you would want to improve your credit score. It will not happen overnight but with the right financial habits you can get a better credit score and get better interest rates. Avoid credit repair companies that promise they can quickly improve your FICO by 50 to 100 points in 30 days or less.

There are a lot of scams out there when it comes to credit repair. They prey on your desperate situation to save money and qualify for a home or car loan. Do your research before you give any of these companies your money.

So how do you get in the better credit score ranges? Number one is pay all your bills on time. Do not make late payments. This is the worst thing you can do for your credit scores. Over 1/3rd of your credit score is determined by your payment history.

The next biggest factor is how much you owe to your creditors. If all your credit cards and department store cards are maxed out then you need to get these balances reduced to get a better credit score. The goal is to be under 25% credit utilization. So if you have a $1000 limit credit card, you want to keep the balance under $250.

The next biggest factor to get into the better credit score ranges is how long your accounts have been opened. The longer the better. You want to have accounts in your credit report 5, 10, 15 years old and longer.

Working on these 3 credit score factors alone will greatly increase your Experian, Equifax, and Transunion credit scores. The better you get at paying your bills on time then the more your FICO will increase. You can expect to see improvements in your score over a 6 to 12 month period. You can use free credit monitoring tools like Credit Karma and Credit Sesame to keep track of your progress.

What is your credit score? Do you have a 670 score? Is that good enough to get an auto loan? What kind of credit score do you need to buy a home? Is a 700 credit score good enough? How does your compare against people your own age or in your own state? What is the good credit score range?

There are tons of questions when it comes to knowing what’s in your credit report and how that data gets put into a formula and out comes your credit scores from Transunion, Equifax, and Experian.

Lenders then use this information to decide to lend you money or not and at what interest rate. Your score is one main factor that determines if you can buy a car, truck or SUV, get a home mortgage, or if you have a mortgage already, if you can refinance your mortgage and take advantage of historic low interest rates and lower your monthly mortgage payment, if you can get approved for a credit card or line of credit or personal loan.

Having a score in the good credit score range will help you get a 1.9%, 2.9% or 3.9% APR interest rate for an auto loan. While having a below average or poor credit score will ensure you have to come up with a larger down payment and pay a double digit interest rate such as 14%, 18% or even 20%!

So what kind of scores fall in the good credit score range?

Transunion, Equifax, and Experian scores from 670 and up qualify as good scores. So if you have a FICO credit score of 670 671 672 673 674 675 676 677 678 679 680 681 682 683 684 685 686 687 688 689 690 691 692 693 694 695 696 697 698 699 700 701 702 703 704 705 706 707 708 709 710 711 712 713 714 715 716 717 718 719 720 721 723 724 725 726 727 728 729 730 731 732 733 734 735 736 737 738 739 you have a good credit score and can qualify for some of the best interest rates when you want to buy a home, car, or boat and refinance your mortgage, get approved for a good rewards credit card, or obtain a line of credit for your small business.

what is a good credit score

If you happen to have a credit score from 740 741 742 743 744 745 746 747 748 749 750 751 752 753 754 755 756 757 758 759 760 761 762 763 764 765 766 767 768 769 770 771 772 773 774 775 776 777 778 779 780 781 782 783 784 785 786 787 788 789 790 791 792 793 794 795 796 797 798 799 800 801 802 803 804 805 806 807 808 809 810 811 812 813 814 815 816 817 818 819 820 821 822 823 824 825 826 827 828 829 830 831 832 833 834 835 836 837 838 839 840 841 842 843 844 845 846 847 848 849 to 850 you will have what is considered an excellent credit score and can pretty much buy and get approved for whatever you want. But if you have a credit score in this range you have shown good financial discipline and have not been spending too much money on wasteful things.

What about the average credit score range? Credit scores can vary based on age and location. The average credit score of 18-24 year olds is 638 which does not fall in the good credit score range while the average score of 45-54 year olds is 685 which does fall in the good credit score range.

And then you can compare national average credit scores. The average credit score in Texas is 664 while the average credit score in California is 685. In Florida it’s 668 and in New York it’s 683. (Source: Credit Karma)

To answer the question about what credit score you need to get an auto loan, you can qualify with scores in the 500s but you will have to come up with a larger down payment, show a longer job history, and pay a higher interest rate.

Now you know what scores fall in the good credit score range. You can take the next 2 minutes and find out all 3 credit scores free from Experian, Equifax, and Transunion credit reporting bureaus.

Do you know what the FICO credit score ranges are? It’s plural because there is more than one FICO score from Experian, Transunion, and Equifax. Each credit reporting bureau has their own formula for calculating your credit scores. So they each have their own FICO credit score range.

This is why it is important to monitor all 3 credit scores because you do not know which credit report and score a lender will pull. You could have a high 720 credit score with Experian, but have a low 680 score with Equifax.

You can check all 3 credit scores free instantly and see where you rank on all 3 credit score ranges.

This scores are not your actual FICO scores but they will give you an idea of where you rank currently.

I paid $14.95 for my FICO score recently and compared it to one of these free score services and it was almost the exact same score.

Check out this video which provides an overview of credit score ranges:

Anyways. My dad was using the account to help build me credit. Well… he forgot to make two payments on it. Once in January and once in June. They were both 30 days late. Now because of the missed payments I have on my credit reports from the 3 major companies that this is a potentially negative report. The account has since been paid off and closed. Since I wasn’t the primary user will this really stay on my credit report/score 7 years? Both payments were small and in the -50 range. BUT Discover card got wind of this and decided to drop my line of credit with them about 1k even though it really had nothing to do with me. I explained that to them and because my name is on the account it effects me too.

Basically, will this stay with me for 7 years? My other 9 accounts are all satisfactory and in good standing; never late and always paid.

I’m a student and this is my first private school loan. Last year i received some subsidized and unsubsidized loan through the school. I aslo have a credit card but i’m not sure how that works. My dad, my siblings and I have credit cards with the same credit card number and my dad pays for it all. and each of our cards has our own names on it.

with all that, is it possible the the document with the credit score is mine? i looked it up and the score is in a good range.

FYI: My personal credit score is low in the range of 630.

I have a minimal amount of credit card debt of less than ,000. I have a pretty good Fico Score of about 650 (& rising) through Transunion (the last time I checked all 3 bureaus this was the lowest.).

I’m interested in any helpful suggestions. Please, let me know if there is somewhere you recently received an unsecure loan from and what the range of terms are. Or if you know somewhere specific online that is currently granting these types of loans.

I don’t want to lower my credit score with a bunch of unnecessary inquires on my credit report. However, I’m serious about this and want to receive a loan from a reputable company.

Thanks in Advance. Have a good day!