FICO Credit Score - Range
The FICO credit score range is between 850 and 300. I’ve rarely seen those two frontiers in real life. ... 850 means you can get a loan to buy entire Tiffany store in Manhattan. 300 ..., well your credit is bad to the point you can't get any. I am kidding of course in both cases. Even the highest FICO credit score doesn't guarantee that you get what you want and the worst one may not prevent you from getting at least some sort of loan. See important update on FICO range.
Good FICO Score
FICO score of 700 and higher means Excellent or Very Good credit. Certain lenders offer better rates and/or discounts if you are over 720, 740, etc. Pity, their greedy loan officers might never share them with you.
FICO score from 680 to 699 means Good. Pretty much you can get a normal loan. Translating in layman terms you won't be robbed too bad.
FICO score from 620 to 679 is OK. You won't be denied but the terms are not going to be too generous. Still you are officially a nice person. But you better check the increase credit score page.
Low FICO Score
FICO score from 580 to 619 ... . Banks, brokers love you. Want to know why? That is where bad credit starts. But it is not that bad yet. They are still able to get you a loan but on their terms. Fat commissions for them, much more expensive loan for you. Chances are you will take it since you have little choice. And you'll think they your best friends. See improve my credit score page.
Bad FICO Score
FICO score from 500 to 580 is where the real trouble starts. Your credit is bad, period. You'll get your loan and you won't like it. But you should take it anyway, because that could be the beginning of your fresh start. Way to get away from bad credit. See repair your credit rating for more information.
FICO score of 499 and below ... . My friend, you are in serious need for help for bad credit. There is very little what can be done and while it is still possible, the terms are going to be simply too brutal. The best thing is to try to repair bad credit first - the FICO credit score can be improved!