There are different methods of calculating credit scores. However, the most popular and widely used method of calculating a credit score was developed by FICO, previously known as Fair Isaac Corporation. It is used by many mortgage lenders to determine the probability or likelihood of that borrower defaulting on its financial obligations.

FICO’s credit score range is typically between 300 and 850. A FICO Score above 670 is considered a good credit score and a score above 800 is perceived to be exceptional.

Credit Score Rating % of People Impact
300 - 579 Very Poor 17% Applicants may be required to pay a fee or deposit or may not be approved for credit at all
580 - 669 Fair 20% Applicants considered to be subprime borrowers
670 - 739 Good 22% Applicants considered to be a relatively low credit risk and would get average terms from lenders
740 - 799 Very Good 18% Applicants are likely to receive better than average terms from lenders
800 - 850 Exceptional 20% Applicants are at the top of the list for the best terms from lenders


A custom restoration plan will help you prioritize payments and keep your accounts in a positive status. Avoiding newly negative account information will help you make the most of your journey.

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