What is a good credit score?
A good credit score is consider to be in the range of 680 – 739 and up. According to Louis DeNicola of Experian the good credit score range start on the 680 range and up to the 739 range.
What is the US national average credit score?
According to Ward Williams of Investopieda the the US national average FICO credit score was 714 in 2021. The 714 score is an increase of 4 points from 2020.
What is a credit score?
A credit score is a figure based on data from your credit report. Due to the fact that several credit reporting agencies compute your score differently, you actually have more than one credit score. Your scores are often similar, but not exactly the same. As new information is revealed, credit scores likewise evolve over time. For instance, when you repay a loan or obtain a new loan, information about these transactions is reported to credit reporting agencies, and your credit score is updated. You can raise your credit score, which is fantastic news.
Here are the list of standard credit scores:
What is the Average Credit Score by Age Group?
The average credit score by age group in the United States is on the rise across all age groups. Each age group is enjoying a little increase in comparison to the average credit scores reported in 2019.
Here is the average of credit score by age bracket:
- Age 18-23: 674
- Age 24-39: 680
- Age 40-55: 699
- Age 56-74: 736
- Age 75+: 758