Want Creditworthy Customers? Don’t Worry, They’re Multiplying

An estimated 18.3 percent of U.S. consumers are carrying credit scores above 800, according to FICO Labs, putting them in the highest recognized tier for creditworthiness.

That percentage is at its highest level since October 2008, suggesting on the one hand a degree of economic recovery from a few bad years. But unfortunately not every credit score tier is seeing expansion; in fact, the percentage of consumers with scores between 700 and 749 (15.5 percent) is at its lowest point since data tracking begain in 2005.

“Many consumers have moved into the top tier of the FICO Score range by redoubling their efforts to maintain an excellent credit profile. Other people have fallen into lower tiers, most likely due to the financial stress that many households have been feeling,” explains Rachel Bell of FICO Labs. “Despite this shift, we continue to observe more than half of FICO Scores in the U.S. are between 700-850, which means Americans have managed their credit well despite the economic downturn.”

Access all of the data from FICO Labs here.