Having a FICO score above 750 is a good credit score. FICO scores were developed by Fair Isaac Corporation and are calculated by credit reporting agencies such as Experian, TransUnion, and Equifax. These reporting agencies have also developed a method of calculating scores called VantageScore. There are many scoring methods and reporting agencies used by lenders to determine the likelihood of having their loans repaid, but the FICO score remains popular.

The FICO scores range from 300 to 850.  Most people have scores of 650 to 750 which are acceptable and good scores, but the higher the better. Interest rates for mortgages, car loans, and equity loans will be lower the higher the credit score. A 30 year fixed mortgage interest rate for FICO scores over 760 may be close to 5.5 % while the same mortgage interest rate for FICO scores just under 760 may be 6%.

A perfect credit score using the FICO system would be anything over 800. 750 to 799 are excellent credit scores, and 650 to 750 are good. FICO credit scores just under 650 are still good credit scores, but they are bordering on okay.

Although FICO scores over 700 are usually considered good, people with FICO scores over 750 may receive more favor when applying for a loan. This is because each company has different requirements for FICO scores and has additional information they use along with the credit scores to make their decisions.

Different companies and loans have different definitions of what exactly a good credit score is. FICO scores over 800 can confidently be classified as excellent scores, but FICO scores under 750 will receive differing benefits from different lenders. FICO scores for mortgages may need to be over 750 for lower interest rates. Loans for cars may accept FICO scores of 720 for the best interest rates.

The VantageScores have a different range than FICO scores. The VantageScores range from 500 to 990, and give grades to show the rating of the scores. Credit scores between 901 and 990 receive the grade of an A, so it is clear these are excellent scores. VantageScores of 801 to 900 are good scores, and so receive a grade of B to make a distinction from the more excellent A scores.

There may be over 1,000 different kinds of credit scores with different numerical ranges, so it is always helpful to know which scoring system is being used to evaluate a good credit score. Usually the higher the credit score number, the better.

Good credit scores are based heavily on payment history and amount of credit used. People who always make payments on time and pay off loans quickly and according to their agreement probably have good credit scores. If these same people also have paid the majority of their mortgages and car loans, and never keep high balances on their credit cards, then they can be confident of good credit scores.

Even though there are many different credit scoring systems, FICO scores remain popular. Having a FICO score over 750 is a good credit score.