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Re: Medium Low Credit Score? - Landlord Forum thread 325906

Re: Medium Low Credit Score? by Kim (WV) on October 19, 2014 @00:20

                              
According to FICO data released in October 2014, the average credit score in the US is 689.

In the US, 720 is the lowest score that's considered to be a really good score, i.e., able to easily get credit at a low interest rate or the lowest score that qualifies you to borrow at a prime interest rate. Some call a FICO score of 720 and up an "excellent" credit score.

A score of 680 to 719 is considered a "good" credit score. You can get credit, but will pay a higher interest rate than borrowers who have an excellent score. A score 620 to 679 is considered an "average" score, while a score of 580 to 619 is considered a "poor" credit score.

I'd guess a medium low score would be in the neighborhood of around 600...but who knows?

FICO no longer releases the median score (the score at which half the people are above and half are below). The median credit score is considered to give a more accurate picture of the creditworthiness of the American public because the median "smoothes" out the effect of the super low and super high scores. The last time FICO did release the median credit score, about a decade ago, the median FICO credit score in the US was 723.

As of 2014, 58% of people in the US had credit scores of 700 or higher and 85% had credit scores of 600 or higher. Therefore, only 15% of the people had scores below 600.
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