What is the range for a typical credit score?

The typical range for a credit score is from 300 to 850. This range is used by most credit scoring models, including the widely recognized FICO score. A score closer to 850 indicates excellent creditworthiness, while a score closer to 300 suggests a higher risk of default. Understanding this range is crucial for consumers as it helps them evaluate their credit standing and how lenders perceive their credit risk. A score within this range can significantly influence loan approvals, interest rates, and even insurance premiums.

The other ranges mentioned do not align with standard credit scoring practices, making them less relevant and accurate in the context of commonly used credit scoring systems.