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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Tags: average credit score, credit rating comparison, credit score rank

This entry was posted on Friday, August 22nd, 2008 at 2:32 PM and is filed under bad credit, bad credit auto loans, bad credit loans, credit, credit bureau, credit reports. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.