What is TU credit score?
TransUnion bases your credit score on your credit history. That data comes from information reported to TransUnion by creditors and others. Since not all creditors report to all three major credit bureaus, TransUnion might have slightly different information about you than Equifax or Experian do.
What is the range of consumer credit scores?
The base FICO® Scores range from 300 to 850, and FICO defines the “good” range as 670 to 739. FICO®’s industry-specific credit scores have a different range—250 to 900. However, the middle categories have the same groupings and a “good” industry-specific FICO® Score is still 670 to 739.
What is a TU risk score?
The TransUnion CreditVision® Risk Score is a credit score calculated by TransUnion using the CreditVision scoring model. This scoring model uses trended data to create a more accurate assessment of a consumer’s credit risk, as well as scores for those with limited credit history.
What is the average consumer credit score?
The average credit score in the United States is 698, based on VantageScore® data from February 2021. It’s a myth that you only have one credit score. In fact, you have many credit scores. It’s a good idea to check your credit scores regularly.
What is Tu risk score 2?
Equifax Risk Score 2.0 predicts the likelihood of your customers or prospects going 90+ days delinquent within 12 months.
What is a good risk score?
Each credit scoring model can list your risk factors, but the closer your score is to 850, the less important they are. For instance, if you have a FICO® Score in the exceptional range (between 800 and 849), you’re essentially doing everything right in terms of credit management.
Is a FICO score of 710 good?
A 710 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 998 a good credit score?
A perfect credit score is an admirable (if lofty) goal and one that’s achievable with lots of dedication and patience. But as a practical matter, lenders consider any exceptional FICO® Score—that’s a score of 800 or greater on the 300 to 850 scale—a mark of excellent credit.
What is a good credit score range with TransUnion?
What is a good credit score range with TransUnion? A credit score ranges from 300 to 850 with TransUnion and can impact your ability to borrow money. See how good credit score fits in the ideal range.
What’s the average FICO score for a consumer?
670 to 739. Indicates a good FICO Score and is in the median credit score range. Consumers in this range are considered an “acceptable” borrower. Approximately 9% of consumers with a credit score between 670 to 739 are likely to become seriously delinquent in the future.
What’s the range of a good credit score?
For example, Equifax credit score ranges, from excellent to poor, are:3 1 Excellent: 760-850 2 Very good: 725-759 3 Good: 660-724 4 Fair: 560-659 5 Poor: 280-559 More
What should my FICO score be to get a good loan?
Good: 670 to 739. FICO ® Scores in the range of 670 to 739 are rated good. This range includes the average U.S. credit score, and lenders view consumers with scores in this range as “acceptable” borrowers.