According to BankRate.com:
“…the median FICO score in the United States is 723…”
“A median of 723 means half the people fall below that score and half have scores higher. More specifically, here’s a breakdown of how scores are distributed across the population…”
300-499 = 2 percent of the population
500-549 = 5 percent
550-599 = 8 percent
600-649 = 12 percent
650-699 = 15 percent
700-749 = 18 percent
750-799 = 27 percent
over 800 = 13 percent
Even with a sub-par score and the difficult market you can still buy a car or a house. It just may take a little more work and the help of an experienced loan officer like ours.
Go to our home page to find out how we can help you obatin a loan and rebuild your credit.
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