38% Of Perfect Credit Scores Held By Lower Or Middle Class

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Is credit score perfection possible? Yes, according to recent data from the credit reporting agency Experian. America's average credit score on the 300-850 FICO scale is 701, but 1.2% of all consumers have a perfect 850.

Experian pored over data from the fourth quarter of 2018 to look for common threads in perfect credit score profiles. Do you need lots of money, a few credit cards, or no debts? In order – no, no, and no.

Credit scores are all about using credit regularly and managing it well. Primary factors in calculating your credit score are on-time payments and credit utilization – how much credit you use compared to your limits, both overall and individual accounts. Your income is irrelevant.