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The classic FICO credit score (named FICO credit score) is between 300 and 850, and 59% of people had between 700 and 850, 45% had between 740 and 850, and 1.2% of Americans held the highest FICO score (850) in 2019. [15][16][17] According to FICO, the median FICO credit score in 2006 was 723 [18] and 721 in 2015. [19]
The average credit score for Americans ages 18 to 26 is 680, a one-point improvement from 2022’s average score of 679. This puts the average adult in this generation in the range of a “good ...
Experian breaks down anonymized consumer credit data to find the average credit score in the US and how that figure has changed over time. ... 800-290-4726 more ways to reach us. Sign in. Mail. 24 ...
Alabama: 692. The average credit score for an Alabama resident is 692, which would be considered just above fair into the good range. People in Alabama have an average debt of about $77,981.
A credit score is primarily based on a credit report, information typically sourced from credit bureaus. [2] Lenders, such as banks and credit card companies, use credit scores to evaluate the potential risk posed by lending money to consumers and to mitigate losses due to bad debt. Lenders use credit scores to determine who qualifies for a ...
States with the highest total credit limits. The following chart, based on Experian data from the second quarter of 2019, shows the top 10 states for average total credit limit and average FICO score.