Top fico score range12/7/2023 ![]() ![]() The highest possible credit score is 850, while the lowest is 300. Credit scores influence the credit thats available to a person and the. FICO ® Scores are the standard for credit scoresused by 90 of top lenders. It is calculated using the information in your credit reports. A score of 800 or above on the same range is considered to be excellent. A credit score tells lenders about your creditworthiness (how likely you are to pay back a loan based on your credit history). Your credit score is based on a number of factors pulled from your three credit reports, such as overall debt and total number of late payments. For a score with a range between 300 and 850, a credit score of 700 or above is generally considered good. Plus, a good VantageScore starts at 700, as opposed to 670 on the FICO ® Score range. As you move closer to the top score of 850, youll more likely qualify for the lowest interest rates and the most premium credit card offers. FICO® Bankcard Score 9 and FICO® Bankcard Score 8: Released in 20, respectively, these versions are available from all three national credit bureaus. In the most basic terms, a credit score is a three-digit number that financial institutions can use to determine an individual's creditworthiness, which is typically updated monthly. A FICO® Score is one of the credit scores most commonly used by lenders to assess credit risk. All versions of the FICO ® Bankcard Score assign scores using a scale range of 250 to 900. ![]() Average credit card debt is also a useful figure for approximating a consumer's individual financial circumstances within a given state, though it doesn't conclusively correlate with average credit scores.As reported in 2018 by the Board of Governors of the Federal Reserve System, there exists a moderate correlation between household income and consumer credit scores. can expect to be offered loans with higher interest rates than you would if your credit score were in the good range.The state with the single lowest average FICO score in 2021 was Mississippi, followed by Louisiana, Alabama, Oklahoma, Texas, and Georgia.Minnesota had the highest average FICO score, as of 2021, with Vermont, Wisconsin, New Hampshire, Washington, and North Dakota close behind.This represents an increase of four points from 2020 and is the fourth consecutive annual increase. The FICO score national average was 714 in 2021. The score range from 1000 to 2000, where individuals scoring 1000 have the highest likelihood of defaulting on a payment, whereas those scoring 2000 have.
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