Get quick cash for your personal Loan even with bad credit score from the best lenders in US.
Using estimates from Experian, 716 is considered a good credit score on FICO’s scoring model.
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
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
Annual Income | Average Credit Score |
---|---|
$50,000 - $74,999 | 737 |
$30,001 - $49,999 | 643 |
$30,000 or less | 590 |
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