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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