You will need to find a credit bureau to run a credit score inquiry, or more commonly known as a credit check. Even after running a credit check, simply getting your score is not enough. You will also need to know what it means in terms of good or bad? So what is a good credit score range?

Your income is not a factor when determining your credit score. It is based upon who likely you are going to settle debts by using previous information on your credit. Information that is used in determining your score are subjects like how often you pay your debts, how much you pay on your payments, and how much credit you have been approved for. There are 3 companies in the United States that are most commonly used. Those companies are Equifax, Experian, and TransUnion.

Your credit score will vary between these three companies primarily due to the difference of information contained within their databases. All three companies also use FICO (Fair Isaac Corporation) scores as their standard for determining your credit score. A FICO score is the most commonly used score that creditors use when they review your request for a loan.

Exactly what is a good credit score range for you to have? The FICO scoring system uses scores ranging from 300 and 850. The “middle of the road” score is 725. If you have 770 or more then you are considered to have good credit. Good credit is required for more expensive loans, such as a mortgage on a very expensive house or new automobile.

A score of 640 or less may also be acceptable to lenders, but you may also be subject to higher interest fees or a subprime loan. Subprime loans are high risk loans lenders may approve to people who possess poor credit, but often will tack on higher fees and rates to offset the risk. Managing your debts properly can help to raise your credit score.