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The average FICO Score 8 in the US was 710 in 2020 [20] and 716 in April 2021. [21] The FICO bankcard score, FICO auto score, FICO personal finance score, and FICO installment loan score are between 250 and 900. The FICO Mortgage Score and FICO Score XD 2 are between 300 and 850. [22] [23] Higher scores indicate lower credit risk. [24]
What are the different types of FICO credit scores? ... These three-digit scores typically range from 300 to 850 (although industry-specific scores can use a broader range of 250 to 900).
Industry-specific FICO scores range from 250 to 900, whereas general purpose scores range from 300 to 850. FICO scores are used by many mortgage lenders that use a risk-based system to determine the possibility that the borrower may default on financial obligations to the mortgage lender.
FICO scores are based on credit reports and "base" FICO scores range from 300 to 850, [3] while industry-specific scores range from 250 to 900. [11] Lenders use the scores to gauge a potential borrower's creditworthiness. [12] Fannie Mae and Freddie Mac first began using FICO scores to help determine which American consumers qualified for ...
FICO defines a good credit score as one that falls between 670 and 739, whereas anything above 800 is considered excellent. FICO credit scores between 580 and 669 are considered fair , and those ...
If you want your credit score and can’t get it anywhere else, go straight to the source. FICO offers credit scores to consumers when you sign up for a basic plan for $19.95 per month. This will ...
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