FAQs
A credit score of 1,000 is not possible because the standard credit score range used by FICO and VantageScore is 300 to 850. Other credit scoring models have a high of 900 or 950, but they are industry-specific and only used by certain financial institutions.
Can you get a credit score of 1000? ›
Depending on the credit reporting agency, your score will be between zero and either 1,000 or 1,200. A higher score means the lender will consider you less risky. This could mean getting a better deal and saving money.
Do people have a 1000 credit score? ›
Equifax provide credit scores out of 1000, and define a good credit score as anything that's 531 or above. You can see all their classifications in the table below.
Is a 900 credit score possible? ›
While older models of credit scores used to go as high as 900, you can no longer achieve a 900 credit score. The highest score you can receive today is 850. Anything above 800 is considered an excellent credit score.
What is the highest credit score possible? ›
In most cases, the highest credit score possible is 850. You can achieve the highest credit score by taking a variety of important steps, but, for many people, it's a difficult task considering the range of factors that dictate the highest credit score possible.
Can your credit be 1000? ›
A credit score of 1,000 is not possible because credit scoring models simply do not go that high. According to Experian, some credit scoring models reach upwards of 900 or 950, but those are industry-specific scores that are only used by certain institutions.
Is it possible to get 999 credit score? ›
A credit score of 999 from Experian is the highest you can get. It usually means you don't have many marks on your credit file and are very likely to be accepted for a loan or credit card. However, a high credit score doesn't guarantee your loan will be accepted.
What is the lowest credit score? ›
What is the lowest credit score possible? Generally, credit scores range from 300 to 850, making 300 the lowest possible credit score. But it's important to note that you typically have more than one credit score. And they may differ depending on the credit-scoring company and when they were calculated.
How rare is a 700 credit score? ›
Credit score distribution: How rare is an exceptional 800 to 850 score?
FICO® Score range | Percent within range |
---|
600-649 | 9% |
650-699 | 12% |
700-749 | 17% |
750-799 | 24% |
4 more rowsMay 31, 2023
What's a good credit score for a 25-year-old? ›
Consider yourself in “good” shape if your credit score is above the average for people in your age group. Given that the average credit score for people aged 18 to 25 is 679, a score between 679 and 687 (the average for people aged 26 to 41) could be considered “good”.
A bad credit score is a FICO score below 580, meaning it falls in the poor credit range. Along the same lines, a bad score in the VantageScore model is one below 601, which would belong in the poor or very poor credit ranges.
How rare is an 800 credit score? ›
According to a report by FICO, only 23% of the scorable population has a credit score of 800 or above.
What is a good credit score to buy a car? ›
Your credit score is a major factor in whether you'll be approved for a car loan. Some lenders use specialized credit scores, such as a FICO Auto Score. In general, you'll need at least prime credit, meaning a credit score of 661 or up, to get a loan at a good interest rate.
What is the highest credit limit ever? ›
The highest credit card limit you can get is over $100,000 according to reports from credit card holders. But like most credit cards in general, even the highest-limit credit cards will only list minimum spending limits in their terms. The best high limit credit cards offer spending limits of $10,000 or more.
What is the highest credit score to buy a house? ›
Credit score needed to buy a house by mortgage type
There's no single, specific credit score that will automatically qualify you for a mortgage (though having the maximum score of 850 certainly never hurts). However, while lenders might not set precise qualifying numbers, they do have minimum credit score requirements.
What is the average credit score in America? ›
What is the average credit score? The average FICO credit score in the US is 717, according to the latest FICO data. The average VantageScore is 701 as of January 2024. Credit scores, which are like a grade for your borrowing history, fall in the range of 300 to 850.
Is it possible to have 2000 credit score? ›
Scores range between 1000 and 2000; the higher the score, the lower your odds of defaulting. Each score is assigned a two-letter band ranging from AA to HH. An AA individual has less than a 0.27% chance of defaulting; a HH individual more than 3.46%.
Can you have a credit score of 1200? ›
At Equifax, we use a score range from 0 to 1,200 to calculate your credit rating. Our credit score range is broken down according to these classifications: below average (0 to 459), average (460 to 660), good (661 to 734), very good (735 to 852), and excellent (853 to 1,200).
What is the limit of 1000 credit? ›
The credit limit is the total amount you can borrow, whereas available credit is the amount that is remaining for you to use, including if you carry a balance. For example, if you have a credit card with a $1,000 credit limit, and you charge $600, you have an additional $400 to spend.
What can a 800 credit score get you? ›
An 800 credit score shows lenders you are an exceptional borrower. You may qualify for better mortgage and auto loan terms with a high credit score. You may also qualify for credit cards with better rewards and perks, such as access to airport lounges and free hotel breakfasts.