Understanding FICO® Scoring

[I_SUFFER_FROM_FICO_ENVY]

Anyone who has a link to an official table or chart, I would greatly appreciate it.

Here's what I "think" it is:

EXCELLENT CREDIT...FICO 720+

GOOD CREDIT..............FICO 660-719

FAIR CREDIT..................FICO 620-659

BAD CREDIT...................FICO <620

I know that "other" factors are considered when deciding if someone has EXCELLENT credit or not.  But are these ranges accurate?

Thanks so much.

[llecs]

Different companies have different ranges when analyzing FICO scoring...not to mention most of the companies out there look at non-FICO scoring when reviewing score ranges (e.g. the news media, review sites for FAKOs, etc.).

In FICO speak, your FICO report will show a 5-tier range: Bad, Not Good, Good, Very Good, and Great. I can't remember how they play out in detail, so bumping for others, but I know 660 starts the Good range and that stops at 720 or 735, which is the start of Very Good. I think Very Good goes to 760, which starts the Great range. I'm unsure of anything below the Good range.

[RobertEG]

Whatever the creditor using your score and associated credit file is looking for is ultimately the best.....

[pakman92]

It also seems that different kind of credit products have different ranges for setting rates.  For mortgages, 760+ generally put you at the best rate.  Of course, approval is based on other factors.  For auto, the top tier rate may be different, slightly lower.