What is a good credit score reddit?

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A good credit score is an essential financial tool that can open doors to various opportunities. Whether you’re applying for a loan, renting an apartment, or even getting a job, your credit score plays a significant role in determining your financial trustworthiness. But what exactly is a good credit score, especially according to the Reddit community? In this article, we will dive deeper into this topic and explore the insights shared by Reddit users.

Understanding Credit Scores

Before we delve into Reddit’s perspective on good credit scores, let’s first understand what credit scores are. A credit score is a numerical representation of an individual’s creditworthiness, indicating the likelihood of them repaying their debts. It is calculated based on various factors such as payment history, credit utilization, length of credit history, types of credit used, and new credit applications.

Reddit’s Opinion on Good Credit Scores

When it comes to determining what is considered a good credit score, Reddit users have shared a range of opinions and experiences. While there is no definitive consensus, here are some key insights:

1. FICO Score Range: The FICO score, developed by the Fair Isaac Corporation, is one of the most commonly used credit scoring models. According to Reddit users, a good FICO score typically falls within the range of 670 to 850. However, some users believe that a score above 720 is considered excellent.

2. VantageScore Range: VantageScore is another credit scoring model that is gaining popularity. Reddit users suggest that a good VantageScore usually falls between 700 and 850. However, it’s important to note that different lenders may have varying criteria for what they consider a good score.

3. Credit Score Ranges: Reddit users often refer to the credit score ranges provided by credit bureaus. According to Experian, a good credit score falls within the range of 670 to 739. Equifax and TransUnion also provide similar ranges, with a good score typically starting around 660.

The Importance of a Good Credit Score

Reddit users emphasize the significance of maintaining a good credit score. Here are some reasons why a good credit score is important:

1. Loan Approval: Lenders, such as banks or credit unions, use credit scores to assess the risk of lending money to individuals. A good credit score increases the chances of loan approval and may also result in better interest rates and loan terms.

2. Renting an Apartment: Landlords often check credit scores to evaluate potential tenants. A good credit score can make it easier to secure a rental property, as it demonstrates financial responsibility.

3. Employment Opportunities: Some employers consider credit scores as part of their hiring process, especially for positions that involve financial responsibilities. A good credit score can enhance job prospects in such cases.


While there may not be a universally agreed-upon definition of a good credit score on Reddit, the general consensus suggests that a score above 670 or 700 is considered good. However, it’s important to remember that credit scoring models and lender criteria can vary. Maintaining a good credit score is crucial for accessing better financial opportunities, such as loan approvals, rental applications, and even employment prospects.


– Experian: www.experian.com
– Equifax: www.equifax.com
– TransUnion: www.transunion.com