A fair credit score indicates that the individual may be considered a moderate-risk borrower. While they may still qualify for credit, they will likely face higher interest rates and less favorable terms.
This is the highest credit score range. Individuals with scores in this range typically receive the best loan terms, the lowest interest rates, and are considered low-risk borrowers.
Very Good: 740–799
A score in this range is considered a good credit score. Borrowers will still qualify for most loans and credit products, but the interest rates may be higher than those offered to individuals in the “very good” or “excellent” range.
A fair credit score indicates that the individual may be considered a moderate-risk borrower. While they may still qualify for credit, they will likely face higher interest rates and less favorable terms.
A poor credit score suggests that the individual is a high-risk borrower. They may have difficulty qualifying for loans or credit, and if they do, the interest rates will be very high
