A credit score of 680 or above is generally considered good.
780 or above is considered to be excellent, while 900 is perfect.
Most credit scores fall between 620 and 679.
Higher scores indicate better credit decisions and can make lenders more confident that you will repay your future debts as agreed.
Is a credit score of 725 good?
With FICO, the most widely used system, scores range from 300 to 850 (though no one ever achieves a perfect 850). Scores above 760 are considered excellent; those consumers have an easier time getting credit at good rates. Scores between 725 and 759 are still very good.
What is a good credit rating in Canada?
In Canada, credit scores range from 300 (just getting started) up to 900 points, which is the best score. According to TransUnion, 650 is the magic middle number – a score above 650 will likely qualify you for a standard loan while a score under 650 will likely bring difficulty in receiving new credit.
Is 734 a good credit score in Canada?
734 credit score benefits. A 734 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. But it doesn’t quite work out that way in practice.
Photo in the article by “Pixabay”