A good score ranges between 300-850 and a good credit score is 700. And a credit score above 800 is considered as excellent. Most credit scores range between 600-750.
Higher the score, better is the decision that makes the creditors feel confident in which they can repay their future debts.
Credit scores are useful when you want a car loan, mortgage loan, lease a loan, car financing and also to make decisions of credit cards and the rate of interest.
Fico Score and Vantage Score are the two most common types of credit scores.