Recently the question was asked on this site, what is the new score for today? According to Bankrate's Senior Financial Analyst Greg McBride, the following is his comment:
Credit Score Reality Check: Is 760 the New 680?
The bar has been raised for the three-digit number lenders use to determine your worthiness to borrow money. "Three years ago, a creditworthy borrower was someone with a 680 to 700 score. Now, to get the best rates, that score needs to be 760 and up," says Greg McBride, senior financial analyst at Bankrate.com. Your three-digit credit score generally ranges from 300 to 850, but can vary depending on the scoring model used by the lender.
The higher your score, the better credit risk lenders deduce you are. No matter what the number, be sure you understand what in your credit score is most impacting your risk to lenders. The sobering news is 60% of all Americans have a score below 750, according to data compiled by Minneapolis-based Fair Isaac Corp., which runs the FICO scoring system most lenders rely on.
Source: http://www.financeglobe.com/FN/showthread.php?3084-Credit-Score-Reality-Check-Is-760-the-New-680
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