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
