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Credit Score Range. FICO® Scores. Poor. 350 to 579. Fair. 580 to 669. Good. 670 to 739. Very Good. 740 to 799. Exceptional. 800 to 850
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] According to FICO, the median FICO credit score in 2006 was 723 [16] and 721 in 2015. [17]
Since 35 percent of your credit score is based on your payment history, making on-time payments is one of the best things you can do to boost your credit score. Start paying down your balances.
The average credit score was 715 in 2024, according to Experian data. That average, as of the third quarter of 2024, is unchanged from the same quarter in 2023.
A credit score is primarily based on credit report information, typically from one of the three major credit bureaus: Experian, TransUnion, and Equifax. Income and employment history (or lack thereof) are not considered by the major credit bureaus when calculating credit scores. There are different methods of calculating credit scores.
A credit score is primarily based on a credit report, information typically sourced from credit bureaus. 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.