As shown in the table below, large metropolitan areas encompassing Boston, New York, San Francisco, southern California, and Washington DC consistently surface for having the “bragging rights” for the largest percent of residents with an 850 perfect credit score. We also looked into the top MSAs (Metropolitan Statistical Area) to understand which cities have the highest percentage of their respective populations with an 850 credit score. Connecticut, New Jersey, New Hampshire and Minnesota are in the top 10 states for the percent of residents who have a bachelor’s degree. According to Becker’s Hospital review, Hawaii, Connecticut, New Hampshire and Minnesota are in the top 10 states in terms of overall health rankings. These states also tend to demonstrate other “high achiever” behaviors in areas such as having a healthier lifestyle and higher education levels which likely correlate with sound credit management behaviors.
The top five states with the highest percentage of their respective populations with an 850 credit score has remained pretty consistent over the past ten years and that percentage has increased with each state over the time period as well. scorable population had an 850 FICO® Score. That compares to 0.98% in April 2014 and 0.85% in April 2009. This slight uptick is not surprising as we have been seeing the average FICO® Score on the national population increasing as time since the “great recession” ages. The percent of the population with an 850 credit score is relatively small, but has been increasing. In other words, don’t sweat it if you are “only” an 800 as most lenders are likely to treat you the same if you score in the 800-850 range because your risk of not paying as agreed is very low in these highest FICO® Score ranges. Instead, they set a high-end cutoff (typically in the upper 700’s) where those applicants scoring above that cutoff qualify as a good credit score and get these most favorable terms. Typically, most lenders do not require an individual to have the highest credit score possible to secure the best loan features. Each lender determines the score cutoff they require to approve a request for credit and to help them set the terms (interest rate, credit limit, etc.) of the credit being extended.
What’s the typical credit profile of someone who has a perfect FICO® Score?įICO® Scores are a sequence of three-digit numbers ranging from 300-850*.Does anyone have a perfect FICO® Score?.Some of the more frequent credit score related questions people ask are around the subject of a perfect FICO® Score: Telecommunications, Media and Entertainment.Scoring Products FICO® Member Score FICO® Resilience Index FICO® Safe Driving Score FICO® Score Open Access FICO® Score X Data FICO® Score XD FICO® Score for International Markets FICO® Score UltraFICO® Score.
EXPERIAN FICO SCORE RANGE SIMULATOR
Customer Communications for Collections.Consortium Scores for Account Management.
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