The term “Credit Score” refers to a FICO score which is a three digit number used to assess creditworthiness. There are three major credit reporting agencies: Experian, Trans Union and Equifax. Your credit score may be different at each credit reporting agency because the FICO score only considers data in your credit file from that agency. If your score from the three credit reporting agencies is different, it’s probably because the information those agencies have on you differs. FICO scores are used primarily in lending but also by employers and insurers. So you ask, “What is a good credit score?” Generally scores are described as:
850 is the highest
770 or above = A+
700 to 769 = A
660 to 699 = B
600 to 639 = C
580 to 599 = D
579 and below = F
300 is the lowest
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