According to a study issued by the credit monitoring business on Tuesday, the average American’s FICO score as of April 2022 was 716, the same level recorded in October 2021 and again in April 2021. The FICO score ranges from 300 (bad) to 850 (great). It’s crucial to understand the average credit score in America in order to obtain a clear picture of where your credit stands. FICO reports that the average credit score as of August 2021 is 716, an increase of 8 points from the previous report in October 2020.
One of the most important things you will have for the rest of your life is your credit score. It affects practically all of your major purchases but also influences almost all your smaller purchases. It’s crucial to comprehend exactly what a credit score is, what factors affect it, the average credit score in America, and other vital statistics and information. We have included all the information you want regarding credit ratings in the United States on one page.
9 Quick Credit Score Facts and Statistics
- The U.S. average credit score is 716.
- Americans between the ages of 23 and 29 have a 660 average credit score.
- Individuals aged 80 to 89 had the highest average credit score (757).
- The median credit score for households with low incomes is 658.
- With a 745 score, Asian Americans have the best credit of any race.
- With a credit score of 677, Black Americans have the worst credit of any race.
- Men have a little better credit rating than women.
- Between 800 and 850 is the credit score range for 23.3% of Americans.
- Your credit score is 35% based on your payment history.