What is an average credit score in 2023?
What is an average credit score in 2023? The average VantageScore 4.0 credit score in the US was 702 as of May 2023, up from 697 the previous year. Most credit scoring systems are based on a range of 300 to 850, and a 702 would generally be considered a good credit score.
How rare is a 750 credit score?
Twenty-four percent have a FICO® Score between 750 and 799, making the very good bracket. Data source: FICO (2022). Nearly half of Americans score between 750 and 850, in the very good to exceptional range, while less than 25% of Americans have a score between 300 and 649, the poor to fair credit score range.
Is 3 credit cards too many?
If your goal is to get or maintain a good credit score, two to three credit card accounts, in addition to other types of credit, are generally recommended. This combination may help you improve your credit mix. Lenders and creditors like to see a wide variety of credit types on your credit report.