What Is the Average Credit Score?

The average U.S. credit score is 718 for the FICO 8 score and 700 for the VantageScore 3.0.
Amanda Barroso
Bev O'Shea
By Bev O'Shea and  Amanda Barroso 
Updated
Edited by Kathy Hinson

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When checking your credit, you might wonder how you stack up against the average credit score or compare to others.

The average FICO 8 credit score was 718 as of April 2023, FICO reported

FICO Blog. Average U.S. FICO Score at 718. Accessed Nov 2, 2023.
; the average VantageScore 3.0 was 700 as of October 2023.

Both FICO and VantageScore use a scale of 300 to 850. They consider many of the same credit factors but weight them in slightly different ways.

The average FICO in April 2023 is near the top of the “good” credit score range (as a general guideline, NerdWallet defines "good" scores as those in the 690 to 719 band). The average score increased two points from a year earlier. The average VantageScore rose from 694 in October 2022, but remained in the "good" range.

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How are credit scores changing?

The average FICO score has increased for the first time since 2021. The slight change in score from 716 to 718 could be due in part to decelerating inflation, a lower unemployment rate and the erasure of certain medical debt from credit reports, according to FICO.

However, missed payments and consumer debt are rising as consumers deal with the high costs of goods and interest rates. Financial safeguards put in place early in the pandemic, such as stimulus checks and student loan payment pauses have also faded away. These conditions could impact scores down the line.

Younger people see larger uptick in FICO 8 scores

In recent years, younger Americans have seen a bigger uptick in their FICO 8 credit scores compared with older adults. Between April 2017 and April 2023, the average score for adults 18 to 29 increased 26 points; 20 points for those ages 30 to 39; 21 points for 40- to 49-year-olds; 15 points for people in their 50s; and 11 points for consumers 60 and older. Learn more about the average credit score by age.

FICO 8 scores for younger consumers

18-29

30-39

2017

654

672

2018

659

677

2019

661

679

2020

666

682

2021

677

691

2022

678

691

2023

680

692

Total score increase

+26

+20

Source: Annual average score data produced by FICO.

This boost for younger adults is likely the result of lower starting FICO credit scores, along with their ability to utilize the pandemic's student loan payment pause to redirect funds to pay down consumer debt.

Older adults saw smaller gains over those six years. For people ages 40-49, the average FICO 8 credit score was 706 in April 2023, up from 685 six years earlier. For those in their 50s, the average score in 2023 was 724, up from 709, and for those 60 and older, it was 753 versus 742.

Credit score under 600? You're not alone

FICO reported that about 15.3% of consumers had FICO scores below 600, about the same as a year ago. People in that credit score range likely have a hard time qualifying for credit and pay higher interest rates or have to put down deposits.

On the other hand, 24.1% of consumers had FICO scores above 800 — slightly higher than in 2022. Those “superprime” scores make it likely they get the best terms available when they borrow money and provide access to the best rewards credit cards.

FICO Score

Percent of Population

300 to 599

15.3

600 to 649

8.6

650 to 699

12

700 to 749

16.4

750 to 799

23.6

800 to 850

24.1

How can I build my credit?

Check your own credit health by looking over your credit reports. You are entitled to a free credit report from each credit bureau every week from annualcreditreport.com.

If you see negative information that’s incorrect, you can dispute it to seek its removal. And check to make sure accurate negative information is removed on time.

Then, monitor your credit frequently to see your progress and watch for trouble. You can monitor your free credit report and credit score, updated weekly, with NerdWallet.

For both FICO and VantageScore, the biggest effects on credit come from:

  • Paying every bill, not just credit cards, on time.

  • Using 30% or even less of your credit limits.