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FICO, a major data analytics and credit scoring company, recently released a report on its latest credit score data from October 2023. The national average FICO score slipped to 717, down from 718 ...
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 last time credit scores fell was between April and October 2013, when the average FICO score dropped by two points, to 690. Credit scores have steadily increased since then — even during the ...
Since 2013, the average credit score has risen nearly 25 points. Despite the slight increase over the past 12 months, average FICO Scores have meandered throughout 2023, with average scores ...
According to the most recent data from FICO, the national average FICO score is 717. Since scores between 670 and 739 are considered good, that means the average consumer has good credit.
The average FICO score in 2024 is 717. While this score falls into the Good category, a study by WalletHub reveals that eight states have average credit scores higher than the national average. ...
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.
The average credit score for a Colorado resident is 731, generally higher than the national average. People in Colorado also have a lot of debt — the average $154,481 ranks first in the nation.