Below Average?

[John060675]

I just became a member of the 700 club on my EQ CR.  I am at 709, but it tells me I am a little below the national average.  Also, it shows on this little chart that I am just "good."  When does this chart go to "Very Good" and if 709 is slightly below average, then what is above average?

Your Equifax FICO score is good

I thought that 700 was very good, and anything over 720 was perfect.  I would appreciate a correction of my obviously wrong views.  Thank you!

[smallfry]

Congrats that is a good score.

[John060675]

Thank you, but I want the needle to go to "Very Good" !!!  And then "Great".  Any ideas on what scores it takes to make the needle move to those areas?

By the way, thank you for the congrats.  I am closer to my goal of all 700's.  However, EX hates me!  It is 668

[CreditDrama85]

you are like the millionth person to ask this question. i really dont think there is a direct answer. i think a number of factors are taken inot consideration (util, no. of baddies, no. of total accounts, length of credit history, ability to overcome past credit challenges, etc.)

i think thats why some may have a fico of 670 for ex. and rate 'very good' or that pie chart whereas somone with a 700 has the capability to rate just 'good'

[fused]

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John060675 wrote:

I just became a member of the 700 club on my EQ CR.  I am at 709, but it tells me I am a little below the national average.  Also, it shows on this little chart that I am just "good."  When does this chart go to "Very Good" and if 709 is slightly below average, then what is above average?

Your Equifax FICO score is good

I thought that 700 was very good, and anything over 720 was perfect.  I would appreciate a correction of my obviously wrong views.  Thank you!

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You have a good score! I believe in this illustration 720-759 is very good and 760 and over is great.

[Anonymous]

Good info fused! TY.

Do you have the scoring ranges in that scoring speedometer? EG: Good = score 690-719(not real numbers, only for illustrative purposes), etc, etc.

I'd love to know that. Thanks

[sl]

My FICO's are 709, 719, and 701 and they all show good. When I make it to 720 I will post if the chart changes me to very good.

[MidnightVoice]

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John060675 wrote:

I just became a member of the 700 club on my EQ CR.  I am at 709, but it tells me I am a little below the national average. 

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Move to Lake Woebegon 

Just in case you don't know, "Welcome to Lake Wobegon, where all the women are strong, all the men are good-looking, and all the children are above average."  It even has an effect named after it:

In 1987, John Cannell completed a study later popularized as the Lake Woebegone effect. He reported the statistically impossible finding that all states claimed average student test scores above the national norm. In addition to teaching for the test, he concluded that some teachers encouraged low-ability students to be absent on test days, helped students take the test and allowed outright cheating.
—Sheila C. McCowan, "Using standardized test scores to compare schools is unfair," Buffalo News, July 21, 1999 

[Anonymous]

Hey John, my scores all say very good, but they said "good" up until I hit the 720 mark. As for the average..My TU and EX scores say above average while EQ says about average. Hope that makes sense, keep boosting those scores!

[jackg]

John-here is the FICO score range:

720-850     Excellent

680-720     Good

640-680     Fair

350-640     Poor