Great topic. We all basically know that a FICO score measures how creditworthy an individual is. The higher the score the better your credit—and the more likely you are to get loans and get better interest rates on those loans. Lenders—banks, credit card companies, mortgage lenders—lean heavily on it when they are deciding whether or not to give you a loan. Scores range between 300 and 850. Anything above 650 is good, but anything below 620 will make it difficult to receive money at a favorable interest rate. The average score, by the way, is 664.