Amex Plus Score - population statistics

[MidnightVoice]

From Amex:

The Percentile Value
Your percentile ranking is computed using a distribution of PLUS Scores based on over one million credit reports and reflecting the natural distribution of the US population. This provides an easy way for you to compare your credit rating to the rest of the U.S. population's. For example, if you rank in the 90th percentile, your credit rating is higher than 89 percent of the U.S. population.

Some statistics about the score distribution (percentiles):

• 15% of the US population is below 575
  
• 35% of the US population is below 675
  
• 50% of the US population is below 724
  
• 70% of the US population is below 757
  
• 90% of the US population is below 778

Message Edited by MidnightVoice on 04-07-2008 11:01 AM

[Anonymous]

http://www.nationalscoreindex.com/ScoreNews_Archive_05.aspx

They have it all the way down to zip code-

[Anonymous]

This is a really interesting thread! Thanks you 2.

M.V. that percentile ranking is consistent with how I stand in the food chain.

Timothy, GREAT website. Thanks. They have a section on how someone can bring their scores up. It is what is spoken here daily.

http://www.nationalscoreindex.com/ScoreNews_Archive_05B.aspx

Pasting that link would save a ton of typing when that all to frequently question is asked.

[haulingthescoreup]

But the percentiles are for the PLUS score, not FICO's, right? I'd love to see the equivalent for FICO's.

[MidnightVoice]

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haulingthescoreup wrote:
But the percentiles are for the PLUS score, not FICO's, right? I'd love to see the equivalent for FICO's.

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Well, comments from this site....

http://www.myfico.com/CreditEducation/AverageStats.aspx

http://myfico.custhelp.com/cgi-bin/myfico.cfg/php/enduser/std_adp.php?p_faqid=164

Since there is no single "score cutoff" used by all lenders, so it's difficult to say what a good FICO score is outside the context of a particular lending decision. For example, one auto lender may offer lower interest rates to people with FICO scores above 680 while another auto lender may use 720. Your lender may be able to give you guidance on their criteria for a given product.

Your FICO score gives you a good idea where you stand as compared to other U.S. consumers. When you purchase your FICO scores, you can see a chart displaying your FICO score and the percentage of U.S. consumers with a score lower than yours. However, a particular lending institution may consider different FICO score cut-offs and/or may take other factors into consideration outside of the FICO score.

[haulingthescoreup]

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This does not appear to match the score distribution among myFICO Forums members!

[MidnightVoice]

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@haulingthescoreup wrote:

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This does not appear to match the score distribution among myFICO Forums members!

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We ain't normal