With both scales the higher the number the better the score you have.  The FICO score range is broken down usually as:

• 750 – 850 excellent credit score
• 700 – 749 good credit
• 680 – 699 good
• 620 – 679 fair
• 580 – 619 low
• 350 – 579 poor

The VantageScore assigns grades to different ranges on their credit score scale.  Here is the break down:

• 901 – 990 A credit
• 801 – 900 B credit
• 701 – 800 C credit
• 601 – 700 D credit
• 501 – 600 F credit

An important note to what is considered a good credit score is it is the lender who really decides what is good.  And since each lender has their own guidelines that they follow, it does not mean you will get the same deal or approved by every lender.

To make things even more complicated is the fact your credit score can and will vary on the information found on your credit report.  Since you have three credit reports you could possibly fall in three different areas of the credit score scale.

The general groupings above are always subject to change.  Also, depending on which group you fall in you qualify for similar interest rates and approval rate of everyone else in the group.  To see real benefit from improving your credit score you must make it into the next higher group.  Once again these are often set by the lenders and will vary lender to lender.

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