The average FICO credit score has hit a new milestone: 700.
That’s considered “good” credit — and it’s the highest average score since FICO began tracking 12 years ago.
Your credit score, which evaluates your credit worthiness on a scale of 300 (poor credit) to 850 (excellent credit), is a primary indicator for lenders evaluating how much credit to extend to you and on what terms.
Powered by SmartAsset.com
SMARTASSET.COM
There are obvious drivers of this upward movement, says Ethan Dornhelm, FICO’s vice president for scores and analytics.
Leave a Reply