What percentage of the population has a FICO score over 800?
What percentage of the population has a FICO score over 800?
21.8%
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 people have a credit score of 821?
An 821 credit score is often considered very good — or even excellent.
| Percentage of generation with 750–850 credit scores | |
|---|---|
| Generation | Percentage |
| Gen Z | 21.1% |
| Millennial | 17.1% |
| Gen X | 16.9% |
What percentage of the population has a FICO score over 820?
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.
Is an 821 FICO score good?
A FICO® Score of 821 is well above the average credit score of 704. An 821 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.
Is an 820 FICO score good?
A FICO® Score of 820 is well above the average credit score of 704. An 820 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 are good FICO scores?
FICO scores range from a low of 300 to a high of 850 – a perfect credit score which is achieved by only 1% of consumers. Generally, a very good credit score is one that is 720 or higher.
What is a FICO score and why is it important?
A FICO Score is a three-digit number based on the information in your credit reports. It helps lenders determine how likely you are to repay a loan.
What FICO score do mortgage lenders use?
Since then, only a few lenders have adopted it. The vast majority of lenders still rely on FICO 2, 4 and 5 scores, which are all part of a larger report mortgage lenders can obtain called the residential mortgage credit report (RMCR).
What is a 821 credit score means?
A 821 credit score is considered an excellent credit score. If you have a score in this range (FICO score 750 – 850), you’re almost certain to be approved for loans and credit cards.