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.
Is a 600 credit score good?
Your score falls within the range of scores, from 580 to 669, considered Fair. A 600 FICO® Score is below the average credit score. Some lenders see consumers with scores in the Fair range as having unfavorable credit, and may decline their credit applications.
Is a 700 credit score good?
A 700 FICO® Score is Good, but by raising your score into the Very Good range, you could qualify for lower interest rates and better borrowing terms. A great way to get started is to get your free credit report from Experian and check your credit score to find out the specific factors that impact your score the most.
What does an Equifax report show?
Simply stated, your Equifax credit report is made up of: Personal information such as your full name, address, and Social Security number. This information includes the types of accounts, the date those accounts were opened, your credit limit or loan amount, current balances on the accounts and payment history.
What do the letters mean on a credit report?
The types of credit accounts listed on your credit report are displayed as codes placed before or after the account details. The letter "R" stands for revolving credit and refers to credit card accounts. Mortgage loans appear as an "M," while "C" stands for credit lines such as home equity loans.