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FICO Score - what is good range

Established Contributor

FICO Score - what is good range

My scores are all saying 'Not Good'. What is the good range of score. You can see my current scores in my signature


Starting Score: EQ: 499
Current Score: EX: 659, EQ: 622, TU: 659
CHASE Freedom Unlimited: 1K, CHASE Sapphire: 5K, Barclay Arrival+: 5K, CapOne: 3K,CapOne: $3K, AMEX BCE: 3.9K, AMEX BCE: 1K, WellsFargo: 300, Discover: 8.7K, DISCOVER IT: 2K, CITI Double Cash:2.8K, Southwest Premier: 2K, Express: 2.5K, Paypal: 3.6K, Amazon: 2.5K, Macys: 7.6K, Walmart: 1.5K, BestBuy: 1.5K, Lowes: 6K, HomeDepot: 3K, BOA Cash Rewards: 300
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3 REPLIES
Valued Contributor

Re: FICO Score - what is good range

A decent score is high 600s.  700+ is pretty good for most creditors.  720+ is very good.

 

I think your score indicator might change at 655, but that is not really a good score.

EX:694 TU:744 EQ:777
Amex ED $19.5k - BoA Travel Rewards $15k - CSP $5k - SDFCU EMV $15k - NFCU goRewards $20k - Barclays Arrival $6.5k
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Established Contributor

Re: FICO Score - what is good range

Thanks. Yes score simulator is saying once i pay off 2500 of my 2700 balance on cards both Equifax and TU may go upto 680. And 6 months of on time payment may increase them upto 710 max. Right now my scores are being hurt by lates and paid off collections. Lates mostly as there had been a 120 day late on my auto loan which was back in Nov 2011. how long this 120 day late will hurt my score? 2 years or 7 years?


Starting Score: EQ: 499
Current Score: EX: 659, EQ: 622, TU: 659
CHASE Freedom Unlimited: 1K, CHASE Sapphire: 5K, Barclay Arrival+: 5K, CapOne: 3K,CapOne: $3K, AMEX BCE: 3.9K, AMEX BCE: 1K, WellsFargo: 300, Discover: 8.7K, DISCOVER IT: 2K, CITI Double Cash:2.8K, Southwest Premier: 2K, Express: 2.5K, Paypal: 3.6K, Amazon: 2.5K, Macys: 7.6K, Walmart: 1.5K, BestBuy: 1.5K, Lowes: 6K, HomeDepot: 3K, BOA Cash Rewards: 300
Message 3 of 4
Valued Contributor

Re: FICO Score - what is good range


sghosh5 wrote:

Thanks. Yes score simulator is saying once i pay off 2500 of my 2700 balance on cards both Equifax and TU may go upto 680. And 6 months of on time payment may increase them upto 710 max. Right now my scores are being hurt by lates and paid off collections. Lates mostly as there had been a 120 day late on my auto loan which was back in Nov 2011. how long this 120 day late will hurt my score? 2 years or 7 years?


I always use the low number on the score estimator, but lowering your utilization is the easiest way to quickly improve your score.... its a large factor in the FICO algorithm.  680 would get you approvals at many lenders.  The 120-day late will hurt your score for 7 years.  Some people are successful at getting negative items removed by writing goodwill letters to their creditors.  You might want to try it.  Some collections will delete if you just ask them.  Others are much more difficult, but you have nothing to lose by trying.

EX:694 TU:744 EQ:777
Amex ED $19.5k - BoA Travel Rewards $15k - CSP $5k - SDFCU EMV $15k - NFCU goRewards $20k - Barclays Arrival $6.5k
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