Credit Score Trends

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Credit Score Trends

Average FICO® Score 8

Average U.S. FICO® Score Stays Steady at 716 in 2022

FICO Score Ranges

Using estimates from Experian, 716 is considered a good credit score on FICO’s scoring model.

  • Very poor: 300 to 579
  • Fair: 580 to 669
  • Good: 670 to 739
  • Very good: 740 to 799
  • Excellent: 800 to 850

How Are Credit Scores Calculated?

FICO Scores are calculated using many different pieces of credit data in your credit report. This data is grouped into five categories: payment history (35%), amounts owed (30%), length of credit history (15%), new credit (10%) and credit mix (10%).
How Are Fico Score Calculated - Infographic

How to Improve Your Credit Score

If you feel far behind from a score of 716, you aren’t alone. Experian’s data shows that 40% of consumers have FICO scores that are lower than 716.
Read more : 7 Tips to Improve Your Credit Score

What Is the Average Credit Score by Age Group?

Credit Scores by Gender

Average Credit Score by State

Average Credit Score by Income

Annual Income Average Credit Score
$50,000 - $74,999 737
$30,001 - $49,999 643
$30,000 or less 590

Credit Score Trends Infographic

Credit Score Trends Infographic

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