720 Credit Score: Is it Good or Bad
A 720 credit score is generally considered good by most credit reporting agencies, including FICO and VantageScore. Falling within the "good" credit range (typically 670–739), a 720 score suggests responsible credit management and low risk to lenders. If you have this score, you're likely to qualify for a wide variety of financial products, including credit cards, auto loans, personal loans, and even mortgages with competitive interest rates and favorable terms . Understanding the Credit Score Scale Credit scores typically range from 300 to 850 . Here’s how the ranges break down according to FICO: Poor: 300–579 Fair: 580–669 Good: 670–739 Very Good: 740–799 Excellent: 800–850 With a 720 credit score , you’re solidly in the “Good” category , which places you well above the national average. It shows lenders that you’ve demonstrated financial responsibility over time, which increases your chances of approval for various types of credit. What Does a 720 Credit Sco...