FAQs
According to a report by FICO, only 23% of the scorable population has a credit score of 800 or above.
What percent of people have over 800 credit score? ›
Less than 21% of people have a credit score over 800. A credit score of 800+ is considered perfect credit, indicates that a borrower uses credit very responsibly, and qualifies the person for the best loan and credit card terms.
How valuable is a 800 credit score? ›
Your 800 FICO® Score falls in the range of scores, from 800 to 850, that is categorized as Exceptional. Your FICO® Score is well above the average credit score, and you are likely to receive easy approvals when applying for new credit. 21% of all consumers have FICO® Scores in the Exceptional range.
What percentage of the population has a credit score over 810? ›
An 810 credit score is considered very good. In fact, just 21% of consumers in the U.S. have a credit score of 800 or higher, according to Experian. By comparison, the national average credit score is 715.
How many people have a 900 credit score? ›
A credit score of 900 is not possible, but older scoring models that are no longer used once went up to 900 or higher. The highest possible credit score you can get now is 850.
How many people in us have 800 credit score? ›
About 21% of the American population has a FICO® Score between 800-850, according to 2022 Experian® data. This is the highest range in the FICO credit score categories, also known as an “exceptional” or “excellent” credit score.
How many people have 825 credit score? ›
Your score falls in the range of scores, from 800 to 850, that is considered Exceptional. 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 rare is a 850 credit score? ›
How many Americans have an 850 credit score? Only 1.31% of Americans with a FICO® Score have a perfect 850 credit score. While a score this high is rare among any demographic, older generations are more likely to have perfect credit. Baby boomers make up a whopping 59.4% of the people with an 850 credit score.
What is the average credit score by age? ›
Average FICO 8 score by age
Age group | Average FICO 8 score |
---|
18-29 | 680 |
30-39 | 692 |
40-49 | 706 |
50-59 | 724 |
1 more rowMar 7, 2024
Does it matter if your credit score is 800 or 850? ›
The bottom line
What is a perfect credit score? If you have an 850 credit score, your credit is perfect — but any credit score over 800 is considered exceptional, and that's just as good.
Your 840 FICO® Score falls in the range of scores, from 800 to 850, that is categorized as Exceptional. Your FICO® Score is well above the average credit score, and you are likely to receive easy approvals when applying for new credit. 21% of all consumers have FICO® Scores in the Exceptional range.
What percentage of Americans have an 840 credit score? ›
Yes, in fact according to a 2021 report by FICO… 23.3% of the entire USA population have a credit score over 800. While only 1.31% of Americans have a perfect and somewhat elusive 850 credit score.
How rare is 790 credit score? ›
A 790 FICO® Score is above the average credit score. Borrowers with scores in the Very Good range typically qualify for lenders' better interest rates and product offers. 25% of all consumers have FICO® Scores in the Very Good range.
What is a good credit score for my age? ›
FICO Average Credit Score by Age Bracket and Year, 2022
Age Bracket | 2022 |
---|
18–25 | 679 (Good) |
26–41 | 687 (Good) |
42–57 | 706 (Good) |
58–76 | 742 (Very Good) |
1 more row
What is a perfect FICO score? ›
A perfect credit score of 850 is hard to get, but an excellent credit score is more achievable. If you want to get the best credit cards, mortgages and competitive loan rates — which can save you money over time — excellent credit can help you qualify. “Excellent” is the highest tier of credit scores you can have.
What is a good credit score to buy a house? ›
It's recommended you have a credit score of 620 or higher when you apply for a conventional loan. If your score is below 620, lenders either won't be able to approve your loan or may be required to offer you a higher interest rate, which can result in higher monthly mortgage payments.
How rare is an 820 credit score? ›
Your score falls in the range of scores, from 800 to 850, that is considered Exceptional. 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 hard is it to have 800 credit score? ›
It might also be hard to achieve an 800 credit score until you have a mix of credit under your name. We're not saying you should take out a mortgage or a car loan just to get your credit score over 800, but if the only credit accounts on your file are credit cards, you might struggle to reach that 800 credit score.
Is there a difference between 700 and 800 credit score? ›
No. With credit scoring, there's nothing wrong with trying to get the best credit score you can, but realize that once you fall into that "excellent credit" range, your precise score may not make much of a difference in your ability to qualify for credit and low interest rates on loans.