* 750 or above - This is considered to be an excellent credit score. At 770 and above you can generally obtain the best lending rates.
* Between 700 and 750 - With 725 being the average score in the United States, this range is usually considered to be between very good and excellent credit, and can be looked at as the medium.
Once you go below a 700 score, however, it becomes difficult to categorize credit as good or bad.
* Between 650 and 700 - Considered very good credit, although some institutions may consider a score of 650 to be excellent credit. Again, this is specific to the industry and the target market the institution is after.
* Between 600 and 650 - A good credit score. Sometimes the minimum for ?good credit? is bumped up to 620, because this is generally considered the cutoff point for a prime rate loan. Lenders generally view people with scores between 600 and 620 to be a much higher credit risk.
* Below 600 - Lenders see you as a high credit risk. While you can still obtain loans and credit cards in this range, they will often be secured credit cards and loans at the highest interest rate. If you have a score below 600 you are generalized as someone with having credit problems and probably have open credit problems that need to be addressed.
* Below 550 - Any FICO score below 550 is considered to be awful credit (multiple bankruptcies, loan defaults, past-due accounts, judgments against, etc.)
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