What is a good credit score?
What is a good credit score?
A lot of people ask this question- in fact over 18,000 people ask this exact question on Google every month. Typically, credit scores are divided into
According to Fair Isaac, the median credit score is 723. This means that half of people have scores below this number and half have scores better than this. However, the average credit score according to Experian is 678. Since the average is lower than the median, this means that credit scores are skewed left. There are more extremely high scores than there are extremely low scores.
All three credit agencies maintain their own databases and credit score formulas, so your score across each could vary by as much as 50 or even 100 points. Which one matters most? I suppose that is up to your lenders- just ask and they’ll be happy to let you know which one or multiple credit scores they use.