Credit Score Trends
Average FICO® Score 8
FICO Score Ranges
Using estimates from Experian, 705 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 705, you aren’t alone. Experian’s data shows that 40% of consumers have FICO scores that are lower than 705.
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
