What Percentage of Population Has Over 800 Credit Score? (2024)

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What Percentage of Population Has Over 800 Credit Score? (2024)

FAQs

What Percentage of Population Has Over 800 Credit Score? ›

Less than 21% of people have a credit score over 800. A credit score of 800+ is considered perfect credit, indicates that a borrower uses credit very responsibly, and qualifies the person for the best loan and credit card terms.

How rare is a 800 credit score? ›

According to a report by FICO, only 23% of the scorable population has a credit score of 800 or above.

What percentage of people have a 900 credit score? ›

No one has a credit score over 900 because standard credit scores range from a low of 300 to a high of 850.

How hard is it to get an 800 credit score? ›

Only a little over 20% of consumers ever earn a score of 800 or higher. Why? People with 800 credit scores use credit differently than the vast majority of credit users. Sure, they do some of the same things you do: never miss a payment, try to keep their credit utilization low, and scan their credit report for errors.

What percentage of the population has a credit score over 830? ›

Your score falls in the range of scores, from 800 to 850, that is considered Exceptional. Your FICO® Score and is well above the average credit score. Consumers with scores in this range may expect easy approvals when applying for new credit. 21% of all consumers have FICO® Scores in the Exceptional range.

How rare is 825 credit score? ›

Membership in the 800+ credit score club is quite exclusive, with fewer than 1 in 6 people boasting a score that high, according to WalletHub data.

Does a 750 vs 800 credit score matter? ›

A 750 credit score is Very Good, but it can be even better. If you can elevate your score into the Exceptional range (800-850), you could become eligible for the very best lending terms, including the lowest interest rates and fees, and the most enticing credit-card rewards programs.

What is the average credit score by age? ›

Average FICO 8 score by age
Age groupAverage FICO 8 score
18-29680
30-39692
40-49706
50-59724
1 more row
Mar 7, 2024

What is a good credit score for my age? ›

FICO Average Credit Score by Age Bracket and Year, 2022
Age Bracket2022
18–25679 (Good)
26–41687 (Good)
42–57706 (Good)
58–76742 (Very Good)
1 more row

What is a perfect FICO score? ›

A perfect credit score of 850 is hard to get, but an excellent credit score is more achievable. If you want to get the best credit cards, mortgages and competitive loan rates — which can save you money over time — excellent credit can help you qualify. “Excellent” is the highest tier of credit scores you can have.

What is the average US credit score? ›

The average FICO credit score in the US is 717, according to the latest FICO data. The average VantageScore is 701 as of January 2024. Credit scores, which are like a grade for your borrowing history, fall in the range of 300 to 850.

How can I raise my credit score 100 points overnight? ›

10 Ways to Boost Your Credit Score
  1. Review Your Credit Report. ...
  2. Pay Your Bills on Time. ...
  3. Ask for Late Payment Forgiveness. ...
  4. Keep Credit Card Balances Low. ...
  5. Keep Old Credit Cards Active. ...
  6. Become an Authorized User. ...
  7. Consider a Credit Builder Loan. ...
  8. Take Out a Secured Credit Card.

How to increase credit score by 100 points in 30 days? ›

Steps you can take to raise your credit score quickly include:
  1. Lower your credit utilization rate.
  2. Ask for late payment forgiveness.
  3. Dispute inaccurate information on your credit reports.
  4. Add utility and phone payments to your credit report.
  5. Check and understand your credit score.
  6. The bottom line about building credit fast.

How rare is an 840 credit score? ›

Your 840 FICO® Score falls in the range of scores, from 800 to 850, that is categorized as Exceptional. Your FICO® Score is well above the average credit score, and you are likely to receive easy approvals when applying for new credit. 21% of all consumers have FICO® Scores in the Exceptional range.

What percentage of Americans have an 840 credit score? ›

Yes, in fact according to a 2021 report by FICO… 23.3% of the entire USA population have a credit score over 800. While only 1.31% of Americans have a perfect and somewhat elusive 850 credit score.

How rare is a 850 credit score? ›

How many Americans have an 850 credit score? Only 1.31% of Americans with a FICO® Score have a perfect 850 credit score. While a score this high is rare among any demographic, older generations are more likely to have perfect credit. Baby boomers make up a whopping 59.4% of the people with an 850 credit score.

Can you get anything with a 800 credit score? ›

You can get the best rates on credit cards and loans

With an 800 credit score, you can breathe easy — you will typically qualify for most financial products and get among the very best rates. That may not be the case if you are relatively new to credit, however, because lenders look for more than a high score.

Is there a difference between 700 and 800 credit score? ›

No. With credit scoring, there's nothing wrong with trying to get the best credit score you can, but realize that once you fall into that “excellent credit” range, your precise score may not make much of a difference in your ability to qualify for credit and low interest rates on loans.

Is there any benefit to an 800 credit score? ›

An 800 credit score shows lenders you are an exceptional borrower. You may qualify for better mortgage and auto loan terms with a high credit score. You may also qualify for credit cards with better rewards and perks, such as access to airport lounges and free hotel breakfasts.

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