What is the typical range of a credit score?

A credit score typically ranges from 300 to 850. This range is standard across many scoring models, including FICO and VantageScore, which are widely used by lenders to assess an individual's creditworthiness.

Scores on the lower end, closer to 300, indicate higher credit risk and may result from factors such as late payments, high credit utilization, or a lack of credit history. Conversely, scores closer to 850 represent excellent creditworthiness, suggesting responsible credit use, a history of timely payments, and a low credit utilization ratio. Therefore, understanding this range is crucial for individuals looking to manage their credit scores more effectively and improve their financial health.