So a score of 750 is "about AVERAGE"?

[ksiss]

So I was perusing through my Experian FICO report, complacently patting my self on the back for acheiving a FICO score of 750, when I read this:

"A FICO® score of 750 is about average. Most lenders would consider scores in this range as good, and an indication that you are a dependable borrower."

Talk about knocking the wind out of my sails.  Here I thought I was at least "above average", if not stupendously amazing, and I get the "average" treatment.

So....at what point do I get the "you are the master of credit" compliments?

[Anonymous]

lmao   join the club!  I thought wow im *good* when i got to the 700 club.

[haulingthescoreup]

I consider both of you to be stupendously amazing!

I'm still skeptical of the averages that I see. They all seem to vary, and they certainly don't seem to reflect the experiences of many people I know.

[athensguy]

Everything I've seen puts the average around 680 and the median around 720. 750 is better than both. Congrats on your good score!

[Anonymous]

660 is the start of Prime scores. 750 is above average with 740 awarding the best auto rates and 760 awarding the best mortgage rates. You are definitely above US average.

Message Edited by ilovepizza on 04-06-2008 08:41 AM

[waqaszm1]

Message Edited by waqaszm1 on 07-12-2008 06:47 PM

[MidnightVoice]

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waqaszm1 wrote:
The following information is for educational purposes only and is correct based on my experiences as of 04/06/2008. If you are applying for credit from a certain creditor, make sure that your credit score is decent at the corresponding credit bureau so that you have a better chance of getting approved. This way you will not have unnecessary hard inquiries on your reports: (Hard Inquiries negatively impact your scores).

The following creditors use EQUIFAX:
1. ING Direct / Sharebuilder Securities
2. Wachovia Bank
3. Redstone Federal Credit Union
4. Citibank
5. Target National Bank
6. First Bank of Delaware

The following creditors use EXPERIAN:
1. Bank of America
2. Capital One
3. Credit One Bank
4. Plains Commerce Bank
5. Verizon Wireless

The following creditors use TRANSUNION:
1. Capital One
2. T-Mobile
3. HS BC AUTO
4. Bank of America AUTO
5. 1st Bank DE/CF

I will try to update this list frequently. I live in ALABAMA and this list is good for this geographic region, atleast.

MY PLUS SCORES: (04/06/08)
Experian 685, Transunion 641, Equifax 599
Fico Equifax Scorewatch 549

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I suugest you look at whogavemecredit as it gives a very comprehensive listing, and is not restricted to Alabama 

[Anonymous]

...Can't wait for my next 20-Point Jump myself.