726 fico score rating
The average FICO score in the U.S. hit a record high of 703 in 2019, according to the 2019 Experian Consumer Credit Review.That's a two-point increase from 2018 and up 14 points since 2010. Individuals with a 726 FICO credit score pay a normal 3.4% interest rate for a 60-month new auto loan beginning in August 2017, while individuals with low FICO scores (500-589) were charged 14.8% in interest over a similar term. So, if a vehicle is going for $18,000, FICO’s credit-scoring models use either a range of 300 to 850 or a range of 250 to 900, but in either case higher credit scores can indicate you may be less risky to lenders, credit card issuers and other types of lenders.