What is The FICO Credit Score Range? A FICO credit score is the credit score created by the Fair Isaac Corporation (FICO). This credit score has been used by most lenders to make the lending decision to the borrowers. However, some lenders can offer you loans with no credit check in Canada. The FICO credit score is determined by the FICO, considering five areas into account: Payment history Credit utilization ratio Types of credit used Length of credit history New credit accounts The typical range of a FICO credit score varies from 300 to 850. Depending on your credit score, your credit score falls into the category of bad/poor, fair, good, very good, or exceptional. Based on your credit score, your lender makes a decision whether or not to lend you a loan. FICO Credit Score Range Poor: Less Than 580 Fair: 580-669 Good: 670-739 Very Good: 740-799 Exceptional: 800+ If your credit score is less than 670 that is fair or poor, it is not easy to get a loan from the traditional financing route. But, many independent lenders can lend you money with bad credit loans online if you have a steady income source.
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