FICO categorizes applicants into five tiers predicated on credit rating:
| credit rating | Rating | Impact |
| exceptional | While loan providers may reject a job candidate for any other reasons, individuals with “excellent” credit are seldom rejected. | |
| 740 – 799 | Very Good | With a credit rating falling in this range, you’re very likely to be approved for a loan and may even have even numerous choices to compare. |
| 670 – 739 | Good | “Good” credit gives you a good change to be authorized, you probably won’t have the blissful luxury of weighing your choices. |
| 580 – 669 | Fair | Consumers with “fair” credit might experience trouble getting approved and may also experience greater interest levels along with other expenses. |