698
The average credit score in the United States as of February 2021 is 698 based on the VantageScore 3.0 credit score model.

What is the average credit score by state?

The average credit score across the entire United States was 703 as of the second quarter of 2019, according to Experian’s 2017 State of Credit Study….State Averages.

What is the National credit average?

The average FICO Score in the U.S. hit a record high of 710 in 2020, with all states increasing in average credit score, according to Experian’s 2020 Consumer Credit Review.

What’s the average credit score in 2020?

711
The average FICO® Score☉ in the U.S. rose to 711 in 2020, according to Experian data from October.

What race has the best credit score?

What is the Average Credit Score By Race? The Asian population has the highest average FICO score at 745. Conversely, the Black population has the lowest average score at 677.

How many Americans have less than a 700 credit score?

Here’s why that matters. A credit score above 700 is generally considered a good score. Many Americans have hit this milestone and, by doing so, opened the door to competitive loan offerings. According to a recent report from Experian, 59% of Americans have a FICO® Score of at least 700.

What is the average credit score in America 2020?

710
Learn about the average credit score in the U.S., including by age and state. The average FICO® credit score in the U.S. was 710 in 2020. That’s according to data from an annual study by Experian®. The Experian 2020 Consumer Credit Review uses FICO scores nationwide to determine averages by age, state and more.

What’s the average FICO credit score in the US?

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. Someone with a FICO ® Score of 800 or above is considered to have ” exceptional ” credit.

What’s the average credit score for an adult?

Many adults know their FICO ® Scores, but not everyone understands how they compare against other Americans. The FICO ® Score, which ranges between 300 and 850, is the most commonly-used credit scoring model by lenders for evaluating a borrower’s creditworthiness.

What’s the average credit score of an African American?

The data broke down the average credit scores of borrowers based on their minority status. All groups except for Black and African American consumers had average credit scores above 700. Asian borrowers saw the highest average score FICO of 745. These responses are not provided or commissioned by the bank advertiser.

What should my credit score be for good credit?

Credit scores start at 300 and go up to 850. Higher credit scores are predictive of less credit risk, while lower credit scores predict greater credit risk. In general, bad credit is perceived as having credit scores that are 300 to 579, fair credit is 580 to 669, good credit is 670 to 739, and anything above 740 is considered excellent credit.