Also known as credit utilization. Keeping your balances low relative to your limits is critical [22, 34].
Approval is possible but may come with higher interest rates or larger down payment requirements [23, 25]. Scores in this tier suggest a high risk of default [23]. credit score range
Most models, including the FICO Score , prioritize five core factors: Also known as credit utilization
Lenders use these tiers to set cutoffs for credit card and loan applications [29, 35]. Scores in this tier suggest a high risk of default [23]
You can check your scores for free through services like Credit Karma (VantageScore) or through many major banks and credit card issuers [13, 37]. Regularly reviewing your report allows you to dispute inaccuracies and adjust your habits to move into a higher tier [25, 39].
This range is considered acceptable or low risk by most lenders [1, 23].