Credit Card Center Advertiser Disclosure

Valued Member
Posts: 34
Registered: ‎03-07-2008
0 Kudos

Average Credit Score

So I get a score watch alert today and this is the message that shows up accompanying the score.


Your score of 712 is slightly below the average score of U.S. consumers, though most lenders consider this a good score. Based on your score alone, you might expect the following:

  • A wide array of loans and credit products will likely be available to you.
  • Most lenders will consider offering you very competitive rates and terms on loan products.
  • Some lenders may require additional information, such as income or time at job, to help them more accurately set the terms of your loan product.

Since when did 712 fall below the avarage score of US consumers.  I've heard that it is somewhere around 690 and given the current economic situation would expect it to be much lower than that.

Moderator Emeritus
Posts: 4,469
Registered: ‎12-31-2008
0 Kudos

Re: Average Credit Score

I believe the average FICO score is about 723.


More knowledgeable folks will chime in, I'm sure.

Just puttin' syrup on something, don't make it pancakes.
Established Contributor
Posts: 961
Registered: ‎02-07-2011
0 Kudos

Re: Average Credit Score

The median FICO is 723.

Mid-2010 Starting Scores: FAKO EQ 476 FAKO EX 506 FICO TU98 575
Jan 2012 Current Scores: FICO EQ 604 FICO EX ??? TU98 623
Feb 2012 Goal Scores: EQ 620 EX 620 TR 620 (or just the middle to be 620!!)
Community Leader
Epic Contributor
Posts: 29,563
Registered: ‎03-19-2007
0 Kudos

Re: Average Credit Score

[ Edited ]

Good question.  Answering that question begs the question of who retains a broad database of current credit scores that would enable them to compute nationwide averages or medians?

Fair Isaac develops and licenses the algorithms for credit scoring, but as far as I know, does not maintain a database of all scores generated by users of their algorithms.  The actual scoring is not done by Fair Isaac, it is done by the holders of the consumer databases (i.e., the CRAs) using their licensed FICO algorithms.  I am not aware of whether Fair Isaac has broad feedback on the actual scores produced.  The separate CRAs dont have access to each others databases, so I doubt that they share scores in any central location.

So it also puzzles me as to who has the database of information necessary to generate nationwide averages.  Maybe that explains the broad discrepancies in the averages stated by different parties.


Regular Contributor
Posts: 151
Registered: ‎06-09-2009
0 Kudos

Re: Average Credit Score

[ Edited ]

Oh No!!! If RobertEG is confused then we are all in trouble. Smiley Happy

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.