What is "Good" or "Bad" Credit?

While each creditor uses its own criteria to access credit risk, the following list illustrates the general ranges of credit scores and the grades assigned to each.

720 and above: A+ Credit
700 - 719: A Credit
675 - 699: A- Credit
620 - 674: B Credit
560 - 619: C Credit
500 - 559: C- Credit
499 and below: D Credit

675 and Above

In general, a score of 675 or above indicates a very good credit history. An individual with a score in this range has a greater chance of obtaining loans at relatively low interest rates.

620 to 674

Scores between 620 and 679 generally indicate good credit. An individual with a score in this range has a good chance of securing loans at competitive rates, but may have to provide additional documentation and/or explanations about information on their credit report before approval is granted.

560 to 619

A score in this range prevents an individual from getting the best interest rates. They would very likely have to provide additional documentation and explanations to the lender about information on their credit report before the loan would be approved.

559 and below

Those individuals with scores of 559 and below may be prevented from obtaining financing, as they are generally considered a significant credit risk. If they do qualify, they will incur the highest interest rate charges.