What actually is a good credit score?


What actually is a good credit score?

The general guideline is that a ‘good’ CTOS Score will fall in the range of 697 to 850. This, however, is not a hard and fast rule and does not necessarily mean a lower score is a ‘bad’ score. When banks and lenders evaluate your application for loans or new credit, they may take other factors into consideration besides your credit score.

However, having a credit score of 697 and above can be extremely beneficial for you, as most banks and credit providers would view you as a prime customer. A good credit score can increase your chances of getting a loan, get you better interest rates and speedier loan approval, among other things.

What does your score mean?


How is the CTOS Score calculated?

The CTOS Score is calculated based on credit information from both CCRIS and CTOS’s database. 5 factors make up the CTOS Score:


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