Question of the Day (Updated): Which credit score band has the highest percentage of people: 670-739, 740-799, 800-850?

Oct 26, 2020
Question of the Day, Credit Scores

Answer: 800-850 with 22.3% of people in that range


  • What are some of the disadvantages of having a low credit score?
  • What are some advantages of having a high credit score?
  • Why do lenders use credit scores? How is this information helpful in running their business?
  • What is your strategy to develop a high credit score? 

Here's the ready-to-go slides for this Question of the Day that you can use in your classroom.


Behind the numbers (WalletHub):

"The average credit score in the U.S. is 703 based on the FICO score model. That means the average American has a fair-to-good credit score. Credit-score averages can also tell us a lot about the health of consumers’ finances and the strength of the economy. Finally, it’s important to note that while many different types of credit scores exist, the most popular ones all use the standard 300 to 850 credit-score range.

For those interested in going beyond credit-score averages, the following breakdown of where different groups of people fall on the standard 300-to-850 credit-score scale will give you a better understanding of just how much consumers’ financial experiences can vary."

To learn more about FICO scores reaching all-time highs during the pandemic, read this CNBC Article


Pair this question of the day with these popular Managing Credit activities: Interactive: FICO Credit Scores and Calculate: Impact of Credit Score on Loans


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About the Author

Mason Butts

After graduating from UCLA with a Master's in Education, Mason spent 5 years as a science educator in a South Los Angeles public high school. He is committed to supporting the holistic growth of all students and empowering them to live a life of relational, academic, and financial success. Now settled in the Bay Area, Mason enjoys facilitating professional developments and partnering with educators as they prepare students for a bright financial future. When Mason is not building curriculum or planning a training, he can be found cycling, trying new foods, and exploring the outdoors.