Why is a credit score between 300 and 850? The credit score range explained

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Credit score ranges are odd if you look at it for the first time. Below we explain more…

Credit Score

Credit score ranges from 300 to 850, but why is your score sometimes in different ranges depending on the company you are checking? Well, that is because the model used to determine your classification is different, but it is based on the same score you have. For example, if you are using FICO Score, the ranges are:

300 – 579 Poor Credit Score

580 – 669 Fair Credit Score

670 – 739 Good Credit Score

740 – 799 Very Good Credit Score

800 – 850 Exceptional Credit Score

On the other hand, while using VantageScore, the different classifications are:

300 – 499 Very Poor Credit Score

500 – 600 Poor Credit Score

601 – 660 Fair Credit Score

661 – 780 Good Credit Score

781 – 850 Excellent Credit Score

The difference in the classification comes from the factors and the weight each model gives them. For Fico Score, your payment history and the amount owed are the most influential factors while for VantageScore, the most influential factor is the total credit usage, balance and available credit.

You can also do a  Credit check for free on our website. Remember, it never hurts to do a quick credit check.

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Arturo Mendez

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