740 credit score: is it good or bad?

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Ettie Wintheiser asked a question: 740 credit score: is it good or bad?
Asked By: Ettie Wintheiser
Date created: Tue, Mar 9, 2021 8:25 PM
Date updated: Sun, Jan 16, 2022 8:38 PM

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Those who are looking for an answer to the question «740 credit score: is it good or bad?» often ask the following questions:

💰 Is 690 good credit score?

  • Current Age of Credit. With a credit score like 690,your credit age is sufficient to improve your ranking…
  • Complete Payment History. Assessing complete payment history in terms of how it is impacting your credit score means going back to the very beginning of your active credit.
  • New Credit Activity…

💰 Is 718 credit score good?

According to freecreditreport.com that uses Experian as the basic credit score- 718 is listed as good-

💰 Is 735 credit score good?

It ok.

8 other answers

A 740 credit score is considered to lie within the excellent range of scores. Lenders look at your credit score to see if you qualify for financial products like credit cards and loans and to...

A 740 credit score is a good credit score. The good-credit range includes scores of ...

Unfortunately, a score of 740 is not a good credit score. You will need a co signor to get any loan and almost impossible to get a credit card. You may be able to obtain credit, but the rates will likely be much higher.

A credit score around 740 is considered good credit when applying for a unsecured personal loan. However, it does not mean you will always qualify for a personal loan with some of the preferred lenders who offer the best APR rates.

A 740 FICO® Score is considered “Very Good”. Mortgage, auto, and personal loans are easy to get with a 740 Credit Score. Lenders like to do business with borrowers that have Very Good credit because it's less risky. It gets even better.

FICO — or the Fair Isaac Corporation — considers scores between 740 and 799 to be “very good” and scores over 800 to be “exceptional.” So if your goal is to have “excellent credit,” you should shoot for any score over 740, which should open the door to the full spectrum of different types of credit cards.

Your FICO ® Score falls within a range, from 740 to 799, that may be considered Very Good. A 740 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.

What Counts Towards Your 740 Credit Score? In essence, your credit score tells you whether YOU have a responsible credit management and a history showing that you have been financially stable. So what factors contribute to showing that you are fiscally responsible and stable? The first and most critical factor will be your overall payment history.

Your Answer

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504 credit score; is it a good score?

Is 504 a good credit score? FICO scores range from 300 to 850. As you can see below, a 504 credit score is considered Poor. Credit Score: Rating % of population [1] 300 – 579: Poor: 16%: 580 – 669: Fair: 17%: 670 – 739: Good: 21%: 740 – 799: Very Good: 25%: 800 – 850: Exceptional: 21% [1]: Source: Experian 504 Credit Score Credit Card & Loan Options . Many lenders choose not to lend ...

519 credit score; is it a good score?

Every growth process has to start somewhere, and a 519 FICO ® Score is a good beginning point for improving your credit score. Boosting your score into the fair range (580-669) could help you gain access to more credit options, lower interest rates, and reduced fees and terms.

570 credit score; is it a good score?

Basically, those with high scores are considered less of a risk and thus more credit worthy as compared to those with low scores. Credit score 570 and below is usually considered as poor. A 570 credit score is likely to impact your life negatively.

582 credit score; is it a good score?

A 582 FICO ® Score is a good starting point for building a better credit score. Boosting your score into the good range could help you gain access to more credit options, lower interest rates, and reduced fees.

500 credit score: good or bad?

Though technically near the halfway mark, credit scores that are below 600 are usually considered to be poor, and scores at or below 500 easily qualify as bad credit. However, while a credit score of 500 or less can make your financial life more difficult, it doesn’t have to exclude you from credit entirely.

580 credit score: good or bad?

A 580 FICO ® Score is a good starting point for building a better credit score. Boosting your score into the good range could help you gain access to more credit options, lower interest rates, and reduced fees.

800 credit score: good or bad?

800+ Credit Score Benefits A credit score of 800 is your ticket to the lowest borrowing costs and all sorts of other opportunities, from where you live and work to what car you drive. The list below only represents a sample of the perks that come with perfect credit. An 800+ credit score gets you:

Are loans good for credit score?

Student loans affect credit scores positively by allowing for the opportunity to borrow and start developing a credit history. Often, creditors won't give student loan borrowers a loan or credit...

Is 1000 a good credit score?

Your FICO score is drawn from information found in your credit reports from the three main reporting agencies… FICO scores range from 350 to 850; under 580 is considered poor credit and 740 or higher is considered very good or exceptional credit.

Is 250 a good credit score?

The FICO Score 8 is the most widely used version by all three credit bureaus, and scores range from 300 to 850. Just so you know, lenders also use the FICO Bankcard Score, which ranges from 250 to...

Is 391 a good credit score?

It's just aweful. You need at least a score of 650 or higher to get most home loans and car loans at reasonable rates. Try getting some secured credit cards to raise you score.

Is 4 a good credit score?

An excellent credit score is any starting from 720 and higher. That score gives you access to the best credit card deals and the lowest interest rates. It’s actually quite simple, but as some credit score stats show: 4.

Is 400 a good credit score?

How to improve your 400 Credit Score. The bad news about your FICO ® Score of 400 is that it's well below the average credit score of 704. The good news is that there's plenty of opportunity to increase your score. 100% of consumers have FICO ® Scores higher than 400. A smart way to begin building up a credit score is to obtain your FICO ...

Is 420 a good credit score?

Your score falls within the range of scores, from 300 to 579, considered Very Poor. A 420 FICO® Score is significantly below the average credit score. Applicants with scores in this range may be required to pay extra fees or to put down deposits on credit cards…

Is 430 a good credit score?

Is 430 a Good Credit Score? A 430 FICO® Score is considered “Poor”. It means you've had past payment problems, including collection accounts, judgments, bankruptcy or worse. With a “Poor” score, it's harder to obtain credit cards, loans, and favorable interest rates.

Is 455 a good credit score?

Your score falls within the range of scores, from 300 to 579, considered Very Poor. A 455 FICO® Score is significantly below the average credit score. Approximately 62% of consumers with a credit score under 579 are likely to become seriously delinquent in the future…

Is 475 a good credit score?

A 475 credit score is a very low credit score and means bad credit. 475 is NOT a good credit score. Someone with a credit score of 475 will …

Is 497 a good credit score?

A 497 credit score is a bad credit score, unfortunately, as it's a lot closer to the lowest score possible (300) than the highest credit score (850)… As a result, a 497 credit score will make it difficult to qualify for a loan or unsecured credit card.

Is 517 a good credit score?

Every growth process has to start somewhere, and a 517 FICO ® Score is a good beginning point for improving your credit score. Boosting your score into the fair range (580-669) could help you gain access to more credit options, lower interest rates, and reduced fees and terms.

Is 525 a good credit score?

Your score falls within the range of scores, from 300 to 579, considered Very Poor. A 525 FICO® Score is significantly below the average credit score.

Is 540 a good credit score?

Every growth process has to start somewhere, and a 540 FICO ® Score is a good beginning point for improving your credit score. Boosting your score into the fair range (580-669) could help you gain access to more credit options, lower interest rates, and reduced fees and terms.