What are the Various Ranges of Credit Scores?

What are the Credit Score Ranges?

Different credit bureaus might use different scoring models. But, in general, it is accepted that a credit score above 700-750 is generally considered good, while one below 650 is considered to be either fair or bad.

The common credit score ranges are as follows:

Credit Score

Range

Meaning

NA/NH

“Not Applicable” or “No History”

You have not used a credit card, and/or never taken a loan. Thus, you do not have a credit history.

300-549

Poor

You might have numerous missed payments or defaults on credit card bills or EMIs, or poor credit utilisation, or a high number of credit enquiries, You will be considered a high risk by lenders of defaulting on your loans, Lenders might not approve your loans or credit applications.

550-649

Fair

You may have some irregular or late payment of credit card bills/EMIs or multiple credit inquiries, You might be considered a risk for lenders, Many lenders may not approve your loans; those who do will likely have higher interest rates and down payments

650-749

Good

You have a history of good repayment behaviour in the past, You will be considered a lower risk of defaulting, Most lenders may approve your credit, but you might not get the best rates

750-799

Very Good

You have regular credit payments, a long credit history, responsible repayment behaviour, You will be considered a low risk for lenders, Lenders will likely be approved for credit, and get good deals on loans.

800-900

Excellent

You have displayed excellent financial management, regular credit payments, low credit utilisation, and exemplary credit history, You will be considered a very low risk for lenders, Banks and lending institutions will give you the best rates and favourable terms on loans and credit cards.

What is Considered a Good Credit Score?

What is a Bad Credit Score?

Why is it Important to have a Good Credit Score?

Frequently Asked Questions