An 802 credit score is often considered very good — or even excellent. With excellent credit, your credit scores become more of a bridge and less of a roadblock — a high score can help you qualify for premium rewards credit cards, auto loans and mortgages with the best terms.May 19, 2021
How common is a credit score over 800?
Only about 1 in 6 American consumers has a FICO credit score of 800 or higher. A FICO score in the mid-700s is generally considered good enough for the best rates and terms from lenders, but those with 800+ scores do have some things in common. Obviously, they don't miss payments.Jul 26, 2021
Is an 840 credit rating good?
A FICO® Score of 840 is well above the average credit score of 704. An 840 FICO® Score is nearly perfect. You still may be able to improve it a bit, but while it may be possible to achieve a higher numeric score, lenders are unlikely to see much difference between your score and those that are closer to 850.
Can you have a 873 credit score?
An 873 credit score is excellent. Before you can do anything to increase your 873 credit score, you need to identify what part of it needs to be improved, plain and simple. And in order to identify what needs to be improved, you should probably be aware of all the things that count and don't count towards your score.
What percentage of the population has a credit score over 830?
According to FICO's credit blog, about 18 percent of the population has a FICO credit score between 800 to 850, but the highest credit score I've heard of is 830 (feel free to post yours below). A little over 25 percent of the population has a credit score below 600.Apr 26, 2011
Is an 800 credit score rare?
Membership in the 800+ credit score club is quite exclusive, with fewer than 1 in 6 people boasting a score that high, according to WalletHub data. And since so few people have such high scores, lenders don't split the 800+ credit score crowd into smaller groups that get separate offers.
What percentage of the population has a credit score over 800 2020?
Percent of Americans Who Have a Credit Score of 800 or Higher. Another report from The Ascent reveals that only 22 percent of Americans have a credit score of 800 or greater7.
How much is a 850 credit score worth in money?
The average mortgage loan amount for consumers with Exceptional credit scores is $208,617. People with FICO® Scores of 850 have an average auto-loan debt of $17,030.