 Hello everyone, this is financial author Ahmed Dan of Iran Journal. Today, I'll talk about credit score. Your credit score is a three digit number that reflects the well-being of your credit ordnance or how efficiently you're managing your money or debts. Various credit reporting agencies such as Equifax or France Union provide this information and Fair Iser Corporation produces the most commonly used credit scoring algorithm known as FICO although various other credit scoring models exist. The credit score ranges are very similar for most of the credit scoring models and they can run from the upper 200 to upper 900 range. I will use the FICO score to illustrate what a good credit score is in this article as FICO is the most widely used credit scoring model. What is considered a good or a bad credit score varies according to the lender and what type of loan is being sought because lenders have their own set standards to approve or deny your credit. There is a very general guideline for FICO score range which runs from 300 to 850. 350 to 629, bad, 630 to 689, fair, 690 to 719, good and above 720 excellent. The highest FICO score possible is 850 and not many are able to achieve that. However, anything above 720 in general is considered an excellent credit score and those who achieve it most likely will get approved for whatever they apply. Although having a score above 800 is kind of like having an elite status in score, lenders usually treat those within the range from 750 to 850 the same way. In other words, if your score is 750, you will most likely get the same rate as someone at 820. That's all for today. Thank you.