is 711.Īnd if your credit score falls within the range of 670 to 739, creditors generally consider this within the “Good” range. For example, “Is 700 a good credit score?” The answer here is generally “yes.” The average FICO® Score in the U.S. While the ranges above are helpful, you may be wondering about your personal situation. Get help monitoring your credit score with Spruce! With Spruce mobile banking, you can keep tabs on your credit score and learn the items impacting it with ease. If you handle your debts well, your credit score will reflect it. However, it’s important to remember that exceptional credit is possible at any age. Older people have had more time to establish credit, thus their scores are typically higher than those of younger age groups. In general, average credit scores increase with older groups. Ages 18 to 23: Average FICO score of 674.Ages 24 to 39: Average FICO score of 680.Ages 40 to 55: Average FICO score of 699.Ages 56 to 74: Average FICO score of 736.Age 75 and older: Average FICO Score of 758.Here is the average FICO credit score by age, according to a 2020 report from Experian:

If you’re still asking, “What is a good credit score?” or “What is the best credit score?,” you may want to know where you stand compared to other people your age.

VantageScore uses the following six criteria: payment history, age and type of credit, percentage of credit limit used, total balances/debt, available credit, and recent credit behavior and inquiries. Here are FICO’s credit score ranges, from poor to exceptional:įICO scores are based on five factors: payment history, current level of indebtedness, types of credit used, length of credit history, and new credit accounts. However, each service uses different categories and definitions of credit scores. For the two major credit scoring agencies, FICO® and VantageScore®, the overall credit score ranges are both 300 to 850. First, let’s provide some context on the numbers we’re about to review.

Credit score ranges 2020