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what is a good credit score?

Im trying to get a car and would like to know what a good credit score is (what range)

Public Comments

  1. 550 is average, 600 + is good, 700 + is great, 800 is maximum
  2. usually most places consier 650-700 as being good for a loan
  3. 550 or better , no repos's or a bankruptcy in the past year.
  4. Highest score possible is 850 ... but that's pretty rare for most people. Anything over 700 is considered to be very good and you'd get a loan without a problem. If you're closer to 650 you'll have a harder time or the interest rate may be higher, but you should still be able to get a loan if your income is good and you don't have any bankruptcies or other major bad events. If you're under 600 it's really pushing it ... you may get a loan, but the interest rate would be huge ... too high to justify buying a car ... a depreciating asset ... on credit. If you're below 500 ... forget it ... you won't even get a loan. 350 is the bottom.
  5. on the Equifax credit report if you have a rating of R1 your credit is great, compared to R9, it sucks.
  6. 620 or above is "fair", the average is 678, and to qualify for prime rates (the lowest interest fees) you need to be at 700 or better.
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