Credit scores range from 400 to 900, with the average around 700. According to the model, as your score increases, your risk of default decreases. Industry experience shows a direct correlation between low scores and high default rates. But just as your credit history can vary from credit bureau to credit bureau, so can your credit scores. Wide-ranging credit scores are rare, however, although some lenders admit to seeing borrowers with scores that vary by 100 points or more.
Narrow ranges are more typical.
Unfortunately, creditors are not required to tell you your credit score. Nor does your credit report show your score. All you can do is take the steps that are most likely to result in a high score. This is almost too easy. Search our database of newly built homes.