A 745 credit score is right on the border between “good” and “excellent” credit.
In fact, the traditional school of thought is that good credit goes from a score of 660 to 719, while excellent credit spans from 720 to 850.
Is 725 a good credit score in Canada?
The higher your credit score: The lower you are deemed a risk to lenders; the more likely you are to be approved for a small business loan; and the lower your interest rates will be. 660 to 724 – Good Credit Score. 725 to 759 – Very Good Credit Score. 760+ – Excellent Credit Score.
Is a credit score of 745 good?
Your FICO® Score falls within a range, from 740 to 799, that may be considered Very Good. A 745 FICO® Score is above the average credit score. Borrowers with scores in the Very Good range typically qualify for lenders’ better interest rates and product offers.
Photo in the article by “Wikipedia”