05-04-2012 06:58 AM
Interesting report from the Times - FICO scores a tick up...
The number of consumers with top-tier credit ticked up to its highest level since 2008, according to a report from the creator of the FICO credit score.
An analysis by FICO, formerly known as Fair Isaac Corporation, found that 18.3 percent of consumers with FICO scores had scores of 800 to 850, the highest range of scores available. (In 2008, 18.7 percent of consumers fell in that range.)
06-24-2012 01:58 PM - edited 06-24-2012 02:05 PM
I'd be interested in finding out where the median and average scores have been tracking over the same time period as well as the delinquincy rates for each score group. I see some moderation in scores but it looks like a very slow amount of progress.
This table encapsulates the information from 2011.
|Score Range||% of People|
|up to 499||6.2|
|500 to 549||8.7|
|550 to 599||9.8|
|600 to 649||10|
|650 to 699||12.1|
|700 to 749||15.5|
|750 to 799||19.4|
This is what I've seen reported before which is quite different from the information in the above mentioned report.
|Score Range||% of People||Percentile||Delinquincy Rate|
|up to 499||2||2||87%|
|500 to 549||5||7||71%|
|550 to 599||8||15||51%|
|600 to 649||12||27||31%|
|650 to 699||15||42||15%|
|700 to 749||18||60||5%|
|750 to 799||27||87||2%|