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.
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There are obvious drivers of this upward movement, says Ethan Dornhelm, FICO’s vice president for scores and analytics.
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