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Showing results for tags 'credit.com'.
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The average FICO score among American consumers hit an all-time high in April at 692, up one point from the same time last year and six points higher than the low point of 686 in October 2009. The credit scoring company has been tracking the average consumer FICO score since October 2005, releasing updated averages every 6 months. As far as FICO scores go, 692 is on the high end of average, as the scale ranges from 300 to 850. Anything between 700 and 749 is generally considered a good score, with the best scores ranging 750 and higher. Since the average bottomed out at 686 in 2009, it has generally trended upward, returning to its pre-recession high of 690 in April 2012. Anthony Sprauve, senior consumer credit specialist at FICO, said there’s no way to definitively say what drove the improvement, but it’s likely tied to consumers’ better sense of financial responsibility post-recession. “After the recession, consumers have become better stewards of their financial house; they’re paying more attention to their finances,” Sprauve said. “They’re more educated and more aware, and I also think there are fewer confusing financial products in the marketplace.”
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Hi, I have been reading these forums for awhile and this is my first post. I logged into credit.com today for my free monthly FAKO score and noticed my score had dropped by almost 30 points. There is now a "New - About My Score" link which states that credit.com will be using Experian's Vantage score starting May, 2017. The range is from 300 - 850 so I am assuming this is version 3.0?
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http://online.wsj.com/article/SB10001424127887323639604578368820334744676.html
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38 months after finding CreditBoards and climbing up out of the cesspool that was my past, WOW.... I have come a long ways!!
