Question: What is the credit score range?
Answer: In school, you get a grade that could fall anywhere from 0 to 100. The higher your grade, the better. Credit scores - the numbers that grade your creditworthiness - use the same concept. However, there isn't just one credit score range to go by. There are different types credit scores and each of them have their own range.
- Most people are familiar with the FICO score version of the credit score. Scores on the FICO scale range from 300 to 850.
- The VantageScore credit score is a fairly recent credit score developed by the three major credit bureau - Equifax, Experian, and TransUnion. VantageScores range from 501 to 990.
- Most other credit scores, FAKO scores, range from 300 to 850.
- Banks may have their own proprietary credit scores with ranges that only they know.
Make sure you know the range for the credit score you're ordering to give you perspective on what your credit score means. For example, a 760 is an excellent credit score on a 300 to 850 range, but it's only a C credit score on the 501 to 990 Vantage score range. Most credit score providers give you details about your credit standing when you order your credit score to take the guesswork out of what your credit score means.
