Although ranges vary depending on the credit scoring model, generally credit scores from 580 to 669 are considered fair; 670 to 739 are considered good; 740 to 799 are considered very good; and 800 and up are considered excellent.
Do rich people carry a lot of debt?
The data reveals that people are still getting into debt even if theyve amassed substantial wealth on paper. About 77% of Americans with a net worth of $100,000 or more have some amount of debt, led by credit cards, mortgages and car loans or leases, the study showed.
Can you be rich but have bad credit?
The rich can miss payments, rely too heavily on credit, and open too many new accounts, all of which will lower their credit score. However, wealthy people may also have a bad credit score or no credit because they dont borrow money.