Average FICO Score Hits An All-Time High

  • For the first time, the average national FICO score has reached 700.
  • Credit scores, on average, have been steadily rising since the Great Recession.

When it comes to credit, Americans are faring better than ever.

For the first time, the average national credit score has reached 700, according to FICO, developer of one of the most commonly used scores by lenders. FICO scores range from 300 to 850.

Your credit score plays a big role in daily life. It can determine the interest rate a consumer is going to pay for credit cards, car loans and mortgages — or whether they will get a loan at all.

…continue reading

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