What is considered a good credit score within the 300 to 800 range?

A credit score is a numerical representation of a person's creditworthiness, calculated based on their credit history. Within the commonly used credit scoring models, scores range from 300 to 850, where higher scores indicate better creditworthiness.

A score of 700 is generally seen as the threshold for good credit. Those with a score in this range are more likely to qualify for favorable lending terms, such as lower interest rates on loans and credit cards. Therefore, a credit score of 700 signifies that an individual has a responsible credit management record, making them a lower risk to lenders.

Scores above this range, like 750 or 800, indeed represent excellent credit, but the designation of "good" typically starts at 700. Scores below 700 indicate varied degrees of risk to lenders, affecting their willingness to offer credit and the interest rates they set.

In context, while 650 is a fair score and might qualify for some credit opportunities, it does not encapsulate what is classified as ‘good credit.’ Similarly, scores of 750 and 800, while excellent, do not fall under the specific category being asked for in the question. Thus, 700 stands out as the correct answer, reflecting the beginning of the 'good' credit scoring