FICO

 What Your FICO® Score Means 

What does your credit score mean to a lender? It depends on the lender.

Each lender each has its own credit risk standards when making credit granting decisions. These include the minimum credit score that applicants must have to qualify for a loan or credit account. Lenders also consider other information, such as information you provide on your credit application, how much you earn, your regular expenses, and how you manage your credit, checking and savings accounts.

The table below provides general guidance on what a particular FICO® Score represents.

Very high FICO® Scores, those above 800, usually mean an individual's credit report is strong in each of the five categories the score considers. Very low FICO® Scores, those below 400 generally mean an individual's credit report is weak in each of the five categories.

Weakness in one category may be offset by strength in other categories. You can always improve your FICO® Score by improving the weak areas of your credit profile. If you have purchased your score, received a Risk-Based Pricing notice when your credit application was approved or received an Adverse Action notice because your credit application was turned down, the reasons associated with your score will give you good ideas for improving your scores over time.

Your FICO® Score Evaluation What it means
760 or higher Great Your score is well above the average score of U.S. consumers and clearly demonstrates to lenders that you are an exceptional borrower.
725 to 759 Very Good Your score is above the average score of U.S. consumers and demonstrates to lenders that you are a very dependable borrower.
660 to 724 Good Your score is near the average score of U.S. consumers, and most lenders consider this a good score.
560 to 659 Not Good Your score is below the average score of U.S. consumers, though some lenders will approve loans with this score.
Lower than 560 Bad Your score is well below the average score of U.S. consumers and demonstrates to lenders that you are a very risky borrower.