What percentage of Americans have a FICO score of 850?

Only about 1.6% of the U.S. population with a credit score has a perfect 850, according to FICO's most recent statistics. But it might not matter as much as you may think.

How common is an 850 credit score?

Yes. An Experian study found that as of 2019, 1.2% of all credit-holding Americans had a FICO score of 850. A perfect score generally requires years of exemplary financial behavior, like making on-time payments, keeping a low credit utilization ratio, and maintaining a long history of credit accounts.

Is 850 a good FICO score?

A FICO^® Score of 850 is well above the average credit score of 711. An 850 FICO^® Score is nearly perfect. You still may be able to improve it a bit, but while it may be possible to achieve a higher numeric score, lenders are unlikely to see much difference between your score and those that are closer to 850.

What percentage of the population has a FICO score over 800?

Most lenders consider an 800 FICO^® Score to be an exceptional score. About 21.8% of America has a credit score higher than 800 points. If you have a credit score of 800, it likely means that you manage debt well and never miss a loan payment.

What percentage of the population has a FICO score over 825?

Your FICO^® Score and is well above the average credit score. Consumers with scores in this range may expect easy approvals when applying for new credit. 21% of all consumers have FICO^® Scores in the Exceptional range.

How to Get an 850 CREDIT SCORE

Does FICO go to 850 or 900?

Both the FICO Auto Score and FICO Bankcard Score range from 250 - 900. This means that the answer to the question, "How high can a FICO Score go?" is 900 .

Can you have a 900 credit score?

FICO® score ranges vary — they can range from 300 to 850 or 250 to 900, depending on the scoring model — but higher scores can indicate that you may be less risky to lenders.

What is the average FICO score in the United States?

The average credit score in the United States is 698, based on VantageScore^® data from February 2021. It's a myth that you only have one credit score. In fact, you have many credit scores. It's a good idea to check your credit scores regularly.

How common is a credit score over 800?

Only about 1 in 6 American consumers has a FICO credit score of 800 or higher.

What is considered an excellent FICO score?

Although ranges vary depending on the credit scoring model, generally credit scores from 580 to 669 are considered fair; 670 to 739 are considered good; 740 to 799 are considered very good; and 800 and up are considered excellent.

Who has an 850 FICO score?

Hawaii Has the Highest Concentration of People With Perfect FICO^® Scores by State. Looking at perfect FICO^® Scores by state, Hawaii had the highest concentration of people with 850 scores, at 1.76%.

How long does it take to get 850 credit score?

According to FICO, about 98% of “FICO High Achievers” have zero missed payments. And for the small 2% who do, the missed payment happened, on average, approximately four years ago. So while missing a credit card payment can be easy to do, staying on top of your payments is the only way you will one day reach 850.

Can you have a 870 credit score?

For a score with a range between 300 and 850, a credit score of 700 or above is generally considered good. A score of 800 or above on the same range is considered to be excellent. Most consumers have credit scores that fall between 600 and 750.

Is 859 a good FICO score?

An 859 credit score is excellent. Before you can do anything to increase your 859 credit score, you need to identify what part of it needs to be improved, plain and simple.

What percentage of the population has a FICO score over 830?

Your FICO^® Score and is well above the average credit score. Consumers with scores in this range may expect easy approvals when applying for new credit. 21% of all consumers have FICO^® Scores in the Exceptional range.

What percentage of the population has an 820 credit score?

Membership in the 800+ credit score club is quite exclusive, with fewer than 1 in 6 people boasting a score that high, according to WalletHub data. And since so few people have such high scores, lenders don't split the 800+ credit score crowd into smaller groups that get separate offers.

What percentage of consumers have a perfect credit score of 850?

Only about 1.6% of the U.S. population with a credit score has a perfect 850, according to FICO's most recent statistics.

What is the average FICO score in 2021?

The average American FICO score for 2021 is 716, and the average VantageScore is 695. Credit score averages vary across demographics, including by age and by state.

What is the average FICO score 2020?

While 2020 was a year of economic uncertainty for many Americans, the average FICO Score still managed to hit a record high of 710, according to Experian's 2020 Consumer Credit Review. That's a seven-point increase from 2019 and up a whopping 21 points since 2010.

Is a credit score of 853 good?

An 853 credit score is excellent.

Is 842 a good credit score?

A FICO^® Score of 842 is well above the average credit score of 711. An 842 FICO^® Score is nearly perfect. You still may be able to improve it a bit, but while it may be possible to achieve a higher numeric score, lenders are unlikely to see much difference between your score and those that are closer to 850.

What is considered a super prime credit score?

For reference, Experian categorizes the five different borrower profiles into the following credit score ranges: Super-prime (781-850); Prime (661-780); Nonprime (601-660); Subprime (501-600); Deep subprime (300-500).

What is a perfect credit score 2021?

The highest credit score you can have on the most widely used scales is an 850. For common versions of FICO and VantageScore, the scale ranges from 300 to 850 and lenders typically consider anything above 720 excellent credit.

What is a perfect credit score 2022?

If you manage to reach a score of 850, you have obtained the perfect credit score as this is as high of a score that you can reach when you grow your FICO score. That being said, an exceptional credit score falls anywhere between 800 and 850, which is close to perfect.

Can you have a 950 credit score?

Most credit scoring systems use a scale that ranges from 300 to 850. There are, however, some credit scoring models that go up to 900 or 950, including industry-specific scores used by certain institutions.