Percent of Americans Who Have a Credit Score of 800 or Higher. Another report from The Ascent reveals that only 22 percent of Americans have a credit score of 800 or greater7.
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. And since so few people have such high scores, lenders don't split the 800+ credit score crowd into smaller groups that get separate offers.
FICO® score ranges vary — they can range from 300 to 850 or 250 to 900, depending on the scoring model — but higher scores can indicate that you may be less risky to lenders.
A credit score of 721-880 is considered fair. A score of 881-960 is considered good.
Your 850 FICO® Score is nearly perfect and will be seen as a sign of near-flawless credit management. ... An Exceptional credit score can mean opportunities to refinance older loans at more attractive interest, and excellent odds of approval for premium credit cards, auto loans and mortgages.
The average mortgage loan amount for consumers with Exceptional credit scores is $208,977. People with FICO® Scores of 800 have an average auto-loan debt of $18,764.
An 890 credit score is excellent.
Your 810 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.
An 800-plus credit score shows lenders you are an exceptional borrower. You may qualify for better mortgage and auto loan terms with a high credit score. You may also qualify for credit cards with better rewards and perks, such as access to airport lounges and free hotel breakfasts.
Depending on where you're starting from, It can take several years or more to build an 800 credit score. You need to have a few years of only positive payment history and a good mix of credit accounts showing you have experience managing different types of credit cards and loans.
Length of credit history, which takes into account how long your accounts have been open and how recently they've been used, accounts for 15 percent of your credit score under FICO's traditional formula. ... Still, it is possible to establish excellent credit — a score of 800 or higher, for example — in your 20s.
Your FICO® Score falls within a range, from 740 to 799, that may be considered Very Good. A 785 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.
Although ranges vary depending on the credit scoring model, generally credit scores from 580 to 669 are considered fair; 670 to 739 are considered good; 740 to 799 are considered very good; and 800 and up are considered excellent.
An 862 credit score is excellent.
The score is used by roughly 90% of financial institutions when considering giving you a loan or line of credit. FICO scores range from 350 to 850; under 580 is considered poor credit and 740 or higher is considered very good or exceptional credit.
For Experian, a score of 881-960 is considered good, and a score of 961-999 is considered excellent. For Equifax, a score of 420-465 is considered good, and a score of 466-700 is considered excellent.
If you are considering the purchase of a new home or investment property you need to know that without good credit you just may have to pay cash for the purchase. Nothing helps a credit score more than always paying your bills on time. ...
According to FICO, about 98% of “FICO High Achievers” have zero missed payments. And for the small 2% who do, the missed payment happened, on average, approximately four years ago. So while missing a credit card payment can be easy to do, staying on top of your payments is the only way you will one day reach 850.
Pavelka, 56, has a credit score of 848 out of 850 and a letter he received from the credit bureau recently announced his rating 'ranks higher than 100 per cent of U.S. consumers.
A 784 credit score is Very Good, but it can be even better. If you can elevate your score into the Exceptional range (800-850), you could become eligible for the very best lending terms, including the lowest interest rates and fees, and the most enticing credit-card rewards programs.