A 742 credit score is considered a good credit score by many lenders. “Good” score range identified based on 2021 Credit Karma data. With good credit scores, you might be more likely to qualify for mortgages and auto loans with lower interest rates and better terms.2 Apr 2021
Is 742 a good credit?
Your FICO® Score falls within a range, from 740 to 799, that may be considered Very Good. A 742 FICO® Score is above the average credit score. Borrowers with scores in the Very Good range typically qualify for lenders' better interest rates and product offers.
What is the average Canadian credit score?
around 650
Is it possible to get a 900 credit score in Canada?
In Canada, your credit score ranges from 300 to 900, 900 being a perfect score. If you have a score between 780 and 900, that's excellent. If your score is between 700 and 780, that's considered a strong score and you shouldn't have too much trouble getting approved with a great rate.
What is a good credit score to buy a house 2020?
Generally speaking, you'll need a credit score of at least 620 in order to secure a loan to buy a house. That's the minimum credit score requirement most lenders have for a conventional loan. With that said, it's still possible to get a loan with a lower credit score, including a score in the 500s.13 Jan 2022
What is the minimum acceptable credit score to buy a house?
620 or higher
Can I buy a house with 724 credit score?
A 724 credit score is considered a good credit score by many lenders. “Good” score range identified based on 2021 Credit Karma data. It can mean you're more likely to be approved when you apply for a credit card or loan. Good credit can also help you qualify for lower interest rates and better loan terms.2 Apr 2021
Can I get a car loan with a credit score of 742?
A 742 FICO® Score is considered “Very Good”. Mortgage, auto, and personal loans are easy to get with a 742 Credit Score. Lenders like to do business with borrowers that have Very Good credit because it's less risky.
What is a respectable credit score?
Although ranges vary depending on the credit scoring model, generally credit scores from 580 to 669 are considered fair; 670 to 739 are considered good; 740 to 799 are considered very good; and 800 and up are considered excellent.
Is 740 a good credit score for a mortgage?
740–850: Excellent credit Borrowers get easy credit approvals and the best interest rates. 670–740: Good credit Borrowers are typically approved and offered good interest rates. 620–670: Acceptable credit Borrowers are typically approved at higher interest rates.
What is a perfect Canadian credit score?
In Canada, according to Equifax, a good credit score is usually between 660 to 724. If your credit score is between 725 to 759 it's likely to be considered very good. A credit score of 760 and above is generally considered to be an excellent credit score. The credit score range is anywhere between 300 to 900.
Is 800 a good credit score in Canada?
In Canada, your credit scores generally range from 300 to 900. The higher the score, the better. If you have scores between 800 and 900, you're in excellent shape.