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What is a good credit score?

Learn about who keeps track of your credit score, and some rules of the road when it comes to determining "good" credit.

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What is a good credit score? Like most things in life, there’s no hard and fast answer. A good credit score depends on the scoring system used by your particular lender. Different scoring systems use different scales, and different lenders use different systems. But, if you have a good credit score from one of the three big credit reporting agencies, Equifax, Experian or TransUnion, you're likely to have a good score elsewhere. Most credit scores rank individuals on a scale from around 300 to 850. The higher the score, the less you are seen as a financial risk to creditors, prospective employers and landlords. According to, for example, a score of 680 or higher would generally be considered good, with the national average being around 695.

A lower score can be caused by a lot of different reasons. Past behavior, for example, could mean your payment track record hasn’t always been perfect. Recent behavior can also play a part, like if a person has just taken on some new credit. Not enough behavior can even have an impact, believe it or not. Let’s just say a person just hasn’t had enough time to develop a credit history. That makes it hard to evaluate you.

If your credit score isn’t where you want it to be, there may be some things you can do to help it along.

Learning more about building your credit and how you can keep it healthy could be a good next step.

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The material provided on this website is for informational use only and is not intended for financial or investment advice. Bank of America and/or its partners assume no liability for any loss or damage resulting from one's reliance on the material provided. Please also note that such material is not updated regularly and that some of the information may not therefore be current. Consult with your own financial professional when making decisions regarding your financial or investment management.

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