To get a good rate on a loan, or to get a loan at all you most likely need a somewhat good credit score.  Credit scores are determined by a few things like whether or not you pay your credit card bills, if you pay them on time, how many credit card accounts you have open and a few other things.

So, what exactly is considered a good credit score from a bad one?  Continue reading below to see where you stand with your credit score.

Credit Score Range:

Excellent:  If you have a credit score anywhere in the 800′s your score couldn’t be better.  You’ll most likely get the best loans, rates and everything else in between.

Great:  If your score ranges in the 700′s you’re doing great!  The mid to lower 700′s are the most common scores among people.  So you will want to stay within the 700′s or higher.

Good:  You are still considered to have a good credit score if you’re anywhere from 675-700.  Although, once you start dropping so will your rating of good to bad.

OK:  If you have an OK credit score you’re most likely between 674-620.  Your score isn’t horrible, but if you drop below 500 it will be getting pretty close!

Bad:  Your score is no longer considered OK or good if you drop below 620-600.  You can still get help from banks, but you won’t be happy with your rate most likely.

Very bad:  Anything under 600 especially 500 your rate is considered just plain awful.  You most likely don’t pay your bills on time, have too many accounts open, go over your limit, etc.  This isn’t good and you should really work on getting it up!

As you can see a credit score can range quite a bit.  You can be at the very top in the 800′s and receive many great things or you can be below 500 and have an awful score.  If you’re not happy with your score work on improving it and become more disciplined.