Credit in the News

[Movin_on_up]

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.)

Article:

http://bucks.blogs.nytimes.com/2012/05/03/report-finds-improvement-in-credit-scores/

FICO release:

http://www.fico.com/en/Company/News/Pages/04-30-2012a.aspx

[Roarmeister]

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
800 plus	18.3

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%
800 plus	13	100	1%