Multiple credit scoring models exist, each with its own scoring range. However, most credit scores tend to fall within the following categories:

800 to 850: Excellent

Borrowers in this range are considered low-risk. They typically find it easier to secure loans compared to those with lower scores.

740 to 799: Very Good

Individuals with scores in this bracket have a strong history of positive credit behavior. They are likely to have an easier time gaining approval for additional credit.

670 to 739: Good

Lenders generally view individuals with scores of 670 and above as acceptable or lower-risk borrowers.

580 to 669: Fair

Those falling into this category are often referred to as "subprime" borrowers. Lenders may perceive them as higher-risk, potentially making it challenging to qualify for new credit.

300 to 579: Poor

Individuals in this range typically encounter difficulties obtaining new credit. If you find yourself in the poor category, it's advisable to take steps to improve your credit scores before seeking new credit opportunities.

These score ranges provide a general framework for understanding creditworthiness, but it's essential to note that the specific criteria and scoring models used by lenders may vary.