No, you can't.
@Anonymous wrote:
@OmarGB9 wrote:
I feel that that 720+ percentage is made up largely of the more affluent parts of the country, such as the west and east coasts and up north.
I'd be really curious to see a breakdown by regions/states.
You're right:
Minnesota always does the best in these reports on 'average scores'. I wonder if that's because it's so cold there everyone stays inside and spends time on myFICO forums.
See, and the South is stuck with the "Fair" rated 650ish scores, which confirms my suspicions. I knew it. I knew the US as a whole couldn't have THAT good credit. If we did, banks wouldn't make as much money as they do! Granted this is only one study, but still interesting.
Also, lol at your last sentence. 
@OmarGB9 wrote:
@Anonymous wrote:
@OmarGB9 wrote:
I feel that that 720+ percentage is made up largely of the more affluent parts of the country, such as the west and east coasts and up north.
I'd be really curious to see a breakdown by regions/states.
You're right:
Minnesota always does the best in these reports on 'average scores'. I wonder if that's because it's so cold there everyone stays inside and spends time on myFICO forums.
See, and the South is stuck with the "Fair" rated 650ish scores, which confirms my suspicions. I knew it. I knew the US as a whole couldn't have THAT good credit. If we did, banks wouldn't make as much money as they do! Granted this is only one study, but still interesting.
Also, lol at your last sentence.
The part that frustrates me with this is that income has little bearing on one's ability to have good credit/finances, yet so many complain their problems are because they don't make enough. There are problems at both ends of the spectrum - 60% of retired NBA players are bankrupt within 5 years of retirement, and the league minimum salary is far beyond what most people will ever make in a year.
For the low earners, it's that you just don't make enough to live the quality of life you see on TV; pretending that they can with credit is what dooms them. For the high earners, it's that high income is ephemeral and you should plan first and spend later instead of trying to look wealthy. For a nation that's so distrusting of the news media, it's awfully eager to be scammed by marketing BS pumped via TV and social media.
TLDR version: Nobody, regardless of income, should try to live a lifestyle that requires 85%+ of their income. A $100,000/year job doesn't mean you deserve a German luxury car. A $30,000/year job doesn't mean you deserve Amazon Prime plus 6 streaming subscriptions or not to have several roommates in a smaller home.
OP the FICO score is only one aspect of what lenders review to grant credit.
Yes, FICO can be a big factor in credit card lending because the application process is often automated, but even there, prior history and SP reviews of the rest of your credit file often go into the decision.
For big ticket items like a car or house, you can bet there will be a more thorough review of your income sources and a closer scrutiny of your credit worthiness.
As an independent person, you are in control of whether you take on debt or decide not to.
Yes, FICO can be a big factor in credit card lending because the application process is often automated, but even there, prior history and SP reviews of the rest of your credit file often go into the decision.
For big ticket items like a car or house, you can bet there will be a more thorough review of your income sources and a closer scrutiny of your credit worthiness.
As an independent person, you are in control of whether you take on debt or decide not to.
