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Old 12-12-2012, 08:45 AM   #1
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What do you consider to be a "good" credit score?

My friend and I were having a discussion about credit scores the other day. She was saying that she thought anything over 600 was a "good" score. I was thinking that it needed to be at least 675-700 to be considered "good" and should be at least 775-800 to be considered excellent. She thought I was just being a snob and said it was basically impossible for the average family to have a credit score over 750.
So what to you think is a "good" credit score?

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Old 12-12-2012, 08:56 AM   #2
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Re: What do you consider to be a "good" credit score?

720 - 850: Excellent
680 - 720: Good
640 - 680: Fair
350 - 640: Poor
000 - 349: No Credit

dh's score was 810 when we bought our house 3 years ago. i imagine its even better now
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Old 12-12-2012, 08:57 AM   #3
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Re: What do you consider to be a "good" credit score?

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Originally Posted by new_mommy78 View Post
She thought I was just being a snob and said it was basically impossible for the average family to have a credit score over 750.
Her definition of "average" must only include people who take on debts and don't bother to pay them off. A 750 score is pretty easy when you pay your bills.

I would put good around 720, I believe that is the area that most lenders(not high risk) are looking at to qualify for a mortgage or other large loan.
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Old 12-12-2012, 09:01 AM   #4
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Re: What do you consider to be a "good" credit score?

I personally consider anything under 700 to be pretty bad.
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Old 12-12-2012, 09:03 AM   #5
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Re: What do you consider to be a "good" credit score?

I agree with you. Ours is always over 750, not hard for a family that pays their bills.

Seems like not the best talk to have with friends. Similar to talking about salaries....
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Old 12-12-2012, 01:02 PM   #6
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Bankers have always told me 680 or above is good. We both fall into the excellent category and do not have debt other than mortgage.
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Old 12-12-2012, 03:56 PM   #7
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Re: What do you consider to be a "good" credit score?

Over 700 imo... We are around 730, the only reason it is that low is due to having too much in open lines of credit. I hadn't realized till recenlty we have nearly 30K in open credit available and started closing a few that weren't used....
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Old 12-12-2012, 04:03 PM   #8
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Re: What do you consider to be a "good" credit score?

once you hit 720 you are getting the best rates. I would call that excellent. I think 680 or 700 is the next bracket down.
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