What does 3 Mean on credit report?

Is 3 a good credit score?

For a score with a range between 300 and 850, a credit score of 700 or above is generally considered good. A score of 800 or above on the same range is considered to be excellent.

What is a Vantage score of 3.0 mean?

VantageScore® 3.0 provides lenders with a superior predictive credit risk score to make more effective and consistent risk-management decisions. … Increased coverage VantageScore 3.0 scores an additional 30 million previously “unscoreable” consumers. That’s a whole new universe of potential customers for lenders.

What is R1 credit rating?

What does an R1 mean on a credit report? An R1 credit rating is the best rating you can have as it indicates to creditors that you will pay back funds in the shortest amount of time, typically within a month. This score signifies your reliability but takes time to establish.

What is a perfect credit score?

If your goal is to achieve a perfect credit score, you’ll have to aim for a score of 850. That’s the highest FICO score and VantageScore available for the most widely used versions of both credit scoring models.

What is a good credit score for my age?

The average credit score in the U.S. is 680 based on the VantageScore model and 703 based on the FICO score model. That means the average American has a fair-to-good credit score.

Average Credit Score by Age.

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Age Group Average Credit Score
30 – 39 673
40 – 49 684
50 – 59 706
60 and above 749