Higher credit scores tend to suggest a low-risk borrower with a history of positive credit behavior. Individuals with low scores may have difficulty getting approved by a lender or find themselves facing high-interest rates and other unfavorable terms. Lower credit scores tend to indicate a high-risk borrower who may have struggled with paying back credit in the past. Lenders have varying criteria for approving credit, but most borrowers think about credit scores in a similar way. They may also reference your credit scores when setting the interest rates and other terms for any credit they issue. Lenders consider your credit scores as one factor when deciding whether to offer you credit. Credit scores are generated based on the information recorded in your credit reports. What are credit scores and what range is considered excellent?Ĭredit scores are three-digit numbers, typically ranging between 300 and 850, designed to represent your credit risk, or the likelihood you will pay your bills on time. By establishing responsible financial habits - and practicing these habits consistently over time - excellent credit scores may be within your reach. If you're working toward excellent credit scores, you'll need to establish positive financial habits such as keeping up with debt payments and carefully monitoring your credit reports.Ĭredit scores in the excellent range are generally considered to be low-risk borrowers.Although there's no single number that guarantees a borrower access to new credit, credit scores in the excellent range may have an easier time securing a loan than borrowers with lower scores when applying for new accounts.Generally, credit scores of 800 and above are considered to be in the excellent range.We also maintain websites through which individuals can exercise their rights under international privacy laws, including the Data Protection Act , the United Kingdom’s implementation of the EU’s General Data Protection Regulation (GDPR), and our Australian Privacy Policy describes how individuals can exercise their rights of access and correction under the Australian Privacy Act. For example, we maintain websites through which individuals can exercise their rights under the California Consumer Privacy Act and its successor, the California Privacy Rights Act , the Virginia Consumer Data Protection Act , the Colorado Privacy Act , the Connecticut Data Privacy Act , and the Utah Consumer Privacy Act . Additionally, we are committed to meeting the obligations of evolving and complex laws granting individuals greater control over their data, both in the United States and internationally. The privacy statement also describes the methods through which you can control your data, as does our FCRA Summary of Rights page. We’re committed to continually updating our privacy statement to reflect changes to our business and provide you with ongoing transparency over the use of your data. Our revised privacy statement discusses how we collect, use, and share data across all of our businesses, and provides greater detail over the types of data we collect. For our United States business, we’ve consolidated most of our privacy policies into our new, comprehensive Equifax Privacy Statement. We are committed to providing transparency over our collection, use, and sharing of data, and providing you with greater control over your data.
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