What was the average FICO score in 2014?
694
Read our editorial standards. The average American has a credit score of 714, according to data from Experian….Average credit score by year.
| Year | Average credit score (FICO) |
|---|---|
| 2014 | 694 |
| 2015 | 696 |
| 2016 | 699 |
| 2017 | 701 |
How good is a 748 credit rating?
Your FICO® Score falls within a range, from 740 to 799, that may be considered Very Good. A 748 FICO® Score is above the average credit score. Borrowers with scores in the Very Good range typically qualify for lenders’ better interest rates and product offers.
Can your credit score go past 800?
This score isn’t perfect, but it places you in the exceptional credit score range. That’s the highest tier of FICO® Scores☉ , which are used by 90% of top lenders. Having an 800 credit score or better is fairly uncommon: Only 23% of all consumers have FICO® Scores of 800 or higher.
What is the highest credit score ever recorded?
850
It’s considered the unicorn of the financial world: a perfect credit score, the highest number a consumer can achieve within a credit scoring system. For the FICO® Score☉ , one of the most commonly used credit scoring models, that mythical and seemingly impossible figure is 850.
Is a 761 credit score good?
Your score falls within the range of scores, from 740 to 799, that is considered Very Good. A 761 FICO® Score is above the average credit score. Consumers in this range may qualify for better interest rates from lenders. 25% of all consumers have FICO® Scores in the Very Good range.
Is 748 a Good credit score Equifax?
A 748 credit score is a good credit score. The good-credit range includes scores of 700 to 749, while an excellent credit score is 750 to 850, and people with scores this high are in a good position to qualify for the best possible mortgages, auto loans and credit cards, among other things.
How can I raise my credit score from 750 to 800?
5 Habits To Get 800+ Credit Score
- Pay Your Bills on Time – All of Them. Paying your bills on time can improve your credit score and get you closer to an 800+ credit score.
- Don’t Hit Your Credit Limit.
- Only Spend What You Can Afford.
- Don’t Apply for Every Credit Card.
- Have a Credit History.
- What an 800+ Credit Score Can Mean.