FAQs
According to a report by FICO, only 23% of the scorable population has a credit score of 800 or above.
What percentage of people have a credit score of over 800? ›
22% of U.S. Consumers Have Exceptional Credit
Percentage of Consumers by FICO® Score 8 Range | |
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Range | Percentage of Consumers |
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Good (670-739) | 21.6% |
Very good (740-799) | 28.1% |
Exceptional (800-850) | 21.9% |
2 more rowsApr 17, 2024
What percentage of people have a 900 credit score? ›
No one has a credit score over 900 because standard credit scores range from a low of 300 to a high of 850.
What percentage of the population has a credit score over 850? ›
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.
How rare is an 825 credit score? ›
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.
How many people in us have 800 credit score? ›
Twenty-three percent of Americans have a credit score between 800 and 850, considered "exceptional" by FICO. A credit score at the top of that range -- 850 -- is considered a perfect score. Twenty-four percent have a FICO® Score between 750 and 799, making the "very good" bracket. Data source: FICO (2022).
Is a 900 credit score possible? ›
Highlights: While older models of credit scores used to go as high as 900, you can no longer achieve a 900 credit score. The highest score you can receive today is 850. Anything above 800 is considered an excellent credit score.
How rare is an 830 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? ›
In fact, according to the most recent survey from FICO, taken in April 2023, only about 1.7% of the scoreable U.S. population had a perfect 850. Here's why a 760 credit score is the one to aim for, what it can get you and how to find out what your FICO score is.
What is a perfect FICO credit 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.
While achieving a perfect 850 credit score is rare, it's not impossible. About 1.3% of consumers have one, according to Experian's latest data. FICO scores can range anywhere from 300 to 850.
What is the average credit score in America? ›
The average FICO credit score in the US is 717, according to the latest FICO data. The average VantageScore is 701 as of January 2024. Credit scores, which are like a grade for your borrowing history, fall in the range of 300 to 850.
How many people have an 840 credit score? ›
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.
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.
What is a good credit score by age? ›
How Credit Scores Breakdown by Generation
Average FICO 8 Score by Generation |
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Generation | 2022 | 2023 |
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Generation Z (ages 18-26) | 679 - Good | 680 - Good |
Millennials (27-42) | 687 - Good | 690 - Good |
Generation X (43-58) | 707 - Good | 709 - Good |
2 more rows
What mortgage rate can I get with a credit score of 825? ›
The importance of credit scores and down payments
FICO Score | National average mortgage APR |
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660 to 679 | 7.589% |
680 to 699 | 7.375% |
700 to 759 | 7.198% |
760 to 850 | 6.976% |
2 more rowsApr 18, 2024
How rare is an 850 credit score? ›
While achieving a perfect 850 credit score is rare, it's not impossible. About 1.3% of consumers have one, according to Experian's latest data. FICO scores can range anywhere from 300 to 850. The average score was 714, as of 2021.
Does a credit score over 800 matter? ›
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.
Is a credit score above 800 OK? ›
A credit score of 760 and above is generally considered to be an excellent credit score. The credit score range is anywhere between 300 to 900. The higher your score, the better your credit rating. Your credit score helps lenders to assess your credit capacity.