Is a 687 Equifax score good?

Is a 687 Equifax score good?

A 687 FICO® Score is considered “Good”. Mortgage, auto, and personal loans are relatively easy to get with a 687 Credit Score. Lenders like to do business with borrowers that have Good credit because it’s less risky.

Is a 700 Equifax score good?

Although ranges vary depending on the credit scoring model, generally credit scores from 580 to 669 are considered fair; 670 to 739 are considered good; 740 to 799 are considered very good; and 800 and up are considered excellent.

Is 690 a good Equifax score?

Generally speaking, scores between 690 and 719 are considered good credit on the commonly used 300-850 credit score range. Scores above 720 are considered excellent, while scores between 630 and 689 are considered fair. Scores below 630 fall into the bad credit range.

Why are my FICO and Equifax scores so different?

Since the information on your credit reports at each bureau can differ, your Equifax credit score and FICO score can differ depending on which credit report is used to calculate the score. The Equifax credit score model uses a numerical range between 280 and 850, and FICO score models use a range between 300 and 850.

Is 687 a low credit score?

A 687 FICO® Score is Good, but by earning a score in the Very Good range, you could qualify for lower interest rates and better borrowing terms.

Is a credit score of 689 okay?

A 689 FICO® Score is Good, but by raising your score into the Very Good range, you could qualify for lower interest rates and better borrowing terms. A great way to get started is to get your free credit report from Experian and check your credit score to find out the specific factors that impact your score the most.

Is 660 a good credit score?

A FICO® Score of 660 places you within a population of consumers whose credit may be seen as Fair. Your 660 FICO® Score is lower than the average U.S. credit score. Consumers with FICO® Scores in the good range (670-739) or higher are generally offered significantly better borrowing terms.

Is Equifax more important than TransUnion?

TransUnion uses most of the same personal information that Equifax does in scoring your credit; however, TransUnion may find certain aspects of your credit history more important than Equifax does. For example, TransUnion credit reports feature a more extensive employment history section.

Does Equifax use FICO?

The FICO® Score provided is based on the FICO® Score 8 using Equifax data. Third parties may use a different FICO® Score or a different type of credit score to assess your creditworthiness.

Can I lease a car with a 687 credit score?

If your credit score is 740 or above, your score is considered very good by most lenders. They will likely offer you a lease with their best rates. According to LeaseGuide.com, a score between 680 and 739 is considered prime and will be approved. Scores from 620-679 are “near-prime” scores.

What are Equifax® 3-bureau credit scores?

What You Need To Know: Equifax® 3-Bureau credit scores are each based on the Equifax Credit Score model, but calculated using the information in your Equifax, Experian® and TransUnion® credit files. Third parties use many different types of credit scores and will not use the Equifax 3-Bureau credit scores to assess your creditworthiness.

How much does it cost to get an Equifax score?

We’re pleased to offer a FREE online Equifax credit score 1 and report 2 to all Canadian consumers. This includes: We’re pleased to offer a FREE online Equifax credit score 1 and report 2 to all Canadian consumers. This includes:

Do lenders and creditors use Equifax credit scores?

Lenders and creditors use many different types of credit scores, and will not use the Equifax credit score to assess your creditworthiness.

How do I get my Equifax Canada credit score?

You can also receive this Equifax credit score by mail, by phone or in person directly from Equifax Canada. The Equifax Canada credit report provided under the offers described herein does not include the payment profile tables which are contained within your free Equifax Canada consumer credit report.