Americans’ credit scores hit record high

Credit scores for U.S. consumers reached a record high this spring while the share of Americans deemed to be some of the riskiest borrowers hit a record low-a potential boon for lending and economic.

The average American credit score hit a record high in 2017. This rise in scores doesn’t just give Americans a reason to pat themselves on the back. This rise in scores doesn’t just give Americans a reason to pat themselves on the back.

Seven hundred and four! That’s the new, record-high average FICO credit score among millions of Americans, and it’s positive news for homebuyers, home sellers, lenders and the economy overall. What it.

America’s shifting debt dilemma. fico scores range from 300 to 850, so a score of 700 means the average American’s credit sits in a pretty good place. On top of that, the share of consumers with scores below 600 dropped to about 40 million, representing 20 percent of U.S. adults with FICO scores.

Meanwhile, the number of Americans with scores below 600 dropped to 40 million, which accounts for about 20% of U.S. adults with FICO scores. Back in 2010, that percentage was as high as 25.5%. Your basic FICO credit score is a number on a scale from 300 to 850 that reflects how well you handle your financial obligations.

NW homes continue to appreciate as affordability worsens. Here’s where Whatcom stands. This map was produced from data maintained in the whatcom county geographic information System by the Planning and Development Services Division and the Assessor Office. For further information regarding maps, data sources, or the availability of GIS products and services please contact Planning & Development Services at: (360) 676-6907.

But what is an average score? Well, according to FICO, scores range between 300 and 850 and the current average is at an all-time high. In fact, the most recent data shows the average credit score has reached 700 for the first time ever. For comparison, the average fell to 686 following the housing crash.

Generally speaking, the credit bureaus consider any score over 650 to be a "good" credit score. credit scores calculated using the FICO score or VantageScore 3.0 scoring models range from 300 to 850. For FICO scores, a good credit score is 670 to 739 with a higher score being very good or excellent.

Americans now have the highest credit-card debt in U.S. history. credit scores, The Fed announcement showed revolving consumer credit hit more than $1 trillion once again in February 2017.

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America’s debt level hit another record high in the second quarter, after having surpassed its pre-crisis peak earlier in the year. According to Reuters, total U.S. household debt was $12.84.