Wednesday, October 26, 2016

How Does Your FICO Score Rank in the National Average?

Have you ever wondered where you are in the credit score ranking? The chart below shows a graph of the national average of credit scores.


Your credit score is derived by 5 main criteria.  There are 3 scores used on a mortgage credit report.  A lending institution uses the middle score of the three reporting agencies.



Many credit card companies are now providing a monthly credit score on a consumer's statement as a  free service.  
The above chart & graph provided by TransUnion.  A service of Bank of America