What Is the FICO Score Range? Your Guide to 2026
What Is the FICO Score Range? Your Guide to 2026
The FICO score range is from 300 to 850, with higher scores indicating better credit. Most lenders consider a score of 670 and above as good. According to the Federal Reserve, the average FICO score in the U.S. is around 711. Understanding where your score falls can impact loan approvals and interest rates, saving you money.
Why does this matter? Your FICO score affects everything from mortgage rates to credit card approvals. A higher score can save you thousands on interest over a lifetime. For example, improving your score from 650 to 750 could save you as much as $312 annually on a $10,000 auto loan.
Understanding the FICO Score Range
Let's break down the FICO score range:
- 300-579: Poor credit. Lenders see you as a risky borrower.
- 580-669: Fair credit. You might qualify for some loans, but expect higher interest rates.
- 670-739: Good credit. Considered acceptable for most lenders.
- 740-799: Very good credit. You'll likely receive better-than-average rates.
- 800-850: Excellent credit. You qualify for the best rates and terms.
Steps to Improve Your FICO Score
- Check your credit report: Look for errors and dispute any inaccuracies.
- Pay bills on time: Late payments can lower your score quickly.
- Reduce your debt: Aim to use less than 30% of your credit limit.
- Keep old accounts open: Longer credit histories can boost your score.
- Limit new credit applications: Each application can slightly reduce your score.
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Common FICO Score Mistakes
Many people think checking their credit score will lower it. That's a myth. Only hard inquiries from lenders affect it. Another mistake is closing old credit cards. This can shorten your credit history, potentially lowering your score.
FAQ
What is a good FICO score?
A good FICO score is generally 670 or above. This will qualify you for most loans at reasonable interest rates.
How often should I check my FICO score?
Check your score at least once a month. With BON Credit, you can monitor it for free without affecting your score.
Can I improve my FICO score quickly?
Yes, by paying off credit card balances and disputing any errors on your credit report, you can see improvements in a few months.
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- The FICO score range is 300-850, with 670+ being good.
- Higher scores can save you hundreds annually on loans.
- Monitor your credit monthly with BON Credit — it's free.
- Avoid common mistakes like closing old accounts or assuming credit checks harm your score.