If you have a score between 780 and 900, that's excellent. If your score is between 700 and 780, that's considered a strong score and you shouldn't have too much trouble getting approved with a great rate.
Only 1% of the population can achieve a credit score of 850, so there's a certain point where trying to get the highest possible credit score isn't realistic at all. Not to worry though, having good credit can start at around 700. In fact, only a few credit score models have a credit score limit of 900.
For a score with a range between 300 and 850, a credit score of 700 or above is generally considered good. A score of 800 or above on the same range is considered to be excellent. Most consumers have credit scores that fall between 600 and 750. In 2022, the average FICO® Score☉ in the U.S. reached 714.
Most credit scoring systems use a scale that ranges from 300 to 850. There are, however, some credit scoring models that go up to 900 or 950, including industry-specific scores used by certain institutions.
A credit score of 1,000 is not possible because the standard credit score range used by FICO and VantageScore is 300 to 850. Other credit scoring models have a high of 900 or 950, but they are industry-specific and only used by certain financial institutions.
Experian: Good – 625-699; very good – 700-799; excellent 800-1,000. Illion: Good – 500-699; great – 700-799; excellent – 800-1,000.
Your credit score is a number between zero and 1000 (or sometimes 1200, depending on the credit reporting bodies), and lenders use this score or rating as one of the factors to decide whether to give you credit or a loan. The higher the score, the more likely it is that you'll get approved.
And when people talk about achieving the “highest” credit score possible, they're usually talking about the ever-elusive 850 FICO® Score. Earning a perfect 850 FICO Score isn't common, but it's certainly possible.
If you've ever wondered what the highest credit score that you can have is, it's 850. That's at the top end of the most common FICO® and VantageScore® credit scores. And these two companies provide some of the most popular credit-scoring models in America.
What it means to have a credit score of 800. A credit score of 800 means you have an exceptional credit score, according to Experian. According to a report by FICO, only 23% of the scorable population has a credit score of 800 or above.
Depending on the type of scoring model, a 900 credit score is possible. While the most common FICO and VantageScore models only go up to 850, the FICO Auto Score and FICO Bankcard Score models range from 250 to 900.
A credit score of 900 is either not possible or not very relevant. The number you should really focus on is 800. On the standard 300-850 range used by FICO and VantageScore, a credit score of 800+ is considered “perfect.” That's because higher scores won't really save you any money.
In your 20s and 30s, a good credit score is between 663 and 671, while in your 40s and 50s, a good score is around 682. To get the best interest rates, terms and offers, aim for a credit score in the 700s.
Payment History
To get to the magic 850 mark, you'll need to have a glistening history of never missing a credit payment deadline. Yes, that's easier said than done, but if you can build a perfect credit payment history of five years (great) or 10 years, you're in the "credit conquering" club.
The longer you've been using credit, the more it means to your credit score. Members of the 800 Club average just under 22 years of using credit.
About 1.6% of the U.S. scorable population has an 850 credit score. While few people have an absolutely perfect credit score of 850, 23.3% — nearly a quarter — of Americans have a credit score higher than 800.
Although ranges vary depending on the credit scoring model, generally credit scores from 580 to 669 are considered fair; 670 to 739 are considered good; 740 to 799 are considered very good; and 800 and up are considered excellent.
A poor credit score falls between 500 and 600, while a very poor score falls between 300 and 499. “In general, people with higher scores can get more credit at better rates,” VantageScore says. So you could have trouble getting approved for higher-limit, low-interest cards with a credit score of 600 or below.
An 800 credit score is not as rare as most people think, considering that roughly 23% of adults have a credit score in the 800-850 range, according to data from FICO. A score in this range allows consumers to access the best credit card offers and loans with the most favorable terms.
Their scores range from 0-999. A credit score of 721-880 is considered fair. A score of 881-960 is considered good. A score of 961-999 is considered excellent (reference: https://www.experian.co.uk/consumer/guides/good-credit-score.html).
We provide a score from between 0-999 and consider a 'good' score to be anywhere between 881 and 960, with 'fair' or average between 721 and 880. Before you apply for credit, it's a really good idea to check your free Experian Credit Score, so you can make more informed choices when it comes to applying for credit.
What is the lowest credit score possible? Most of the credit scores that lenders use in the United States, including most versions of the FICO Score, range from 300 to 850. Therefore, most financial professionals generally accept that 300 is the lowest credit score a consumer can have.
The average credit limit in Australia is $9800, according to the Reserve Bank of Australia. However, you won't be assigned a range when you apply for a credit card and are approved. Instead, the issuer will assess your finances and approve you for a specific limit.
The average credit score among Australians is 846 according to credit reporting company Equifax. That means on average Australians have a 'very good' credit score. Women (858) have a higher average credit score than men (836), while the average credit score is higher for older Australians.