What is a Good Credit Score?

What is a Good Credit Score? Crédit.org BLOG Website: credit.org/blog Insurance Credit Card Rates Mortgage Auto Loan Twitter: Rates Rates Rates twitter.com/creditdotorg Facebook: facebook.com/CreditDotOrg 300-550 9.5% Scores in this range 18.9% 28.9% may not be approved for a loan Poor More likely Higher to incur an at all Interest paid: $259,000 Interest paid $13,828 annual fee Credit Default Rate: 75 % 550-620 The best thing one 8.6% can to do 17.9% improve a score is to 19.8% pay down debts with Subprime on-time Interest paid: $229,000 Interest paid: $13.009 payments Default Rate: 50% 620-680 4.9% Rates in 11% this range 13.9% may vary Acceptable Credit widely Interest paid $117,000 Interest paid 7,614 Default Rate: 15-30% 680-740 4.2% The 6.5% median 12.24% score in Good Credit the U.S. is 723 Interest paid $97,000 Interest paid $4.350 Default Rate: 5% 740-850 Credit 3.9% scores will 5.1% also affect 7.99% things like employee Excellent Credit background checks Interest paid: $89,000 Interest paid: $3,375 More likely to offer rewards Lower Default Rate: 2% Typical $160,000 loan with a 30-year fixed mortgage Typical 5-year auto loan of $25,000 Credit card rates will vary due to many different factors