Fico credit score range 2020
FICO scores range from 300 to 850. A score of 700 and above is considered good but 800 and higher is the sweet spot for scoring better rates on car loans, credit cards and mortgages. According to an April 2018 FICO report, 21.8% of U.S. consumers have a FICO score between 800 and 850. The number of Americans with excellent credit continues to rise, as only 16.2% of consumers fell in that sterling score range in April 2005. Depending on where your credit score currently stands, you may need years to get to the 800 level. Approximately 21% of Americans had a FICO® Score that fell in the “good” credit score range in the second quarter of 2019, while approximately 58% had a FICO® Score of 703 or greater. As of the second quarter of 2019, the average FICO® Score in each age group increased by two points, on average, since last year.