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Credit Score Blueprint: Everything You Need to Know

Characteristics of FICO High Achievers

FICO High Achievers are people who have a FICO score of 760 or higher. The following are characteristics of these High Achievers, as reported by consumers who received the information in their myFICO credit reports.

Payment History:

  • FICO High Achievers have an average of 6 accounts currently paid as agreed.
  • FICO High Achievers have an average of 12 accounts in good standing.
  • About 93% of FICO High Achievers have no missed payments at all. But of those who do, the missed payment happened nearly 4 years ago, on average.
  • Very few FICO High Achievers, about 1%, have a 60 days late payment or worse listed on their credit report.
  • Virtually no FICO High Achievers have a public record or a collection listed on their credit report.

Credit Utilization:

  • FICO High Achievers have an average of 3 credit accounts carrying a balance.
  • FICO High Achievers use about 7% of their available credit, on average.
  • FICO High Achievers have an average total balance of $5000 on non-mortgage accounts.
  • Most FICO High Achievers owe less than $600 on revolving accounts such as credit cards and department store cards.

Length of Credit History:

  • FICO High Achievers opened their oldest account 19 years ago, on average.
  • FICO High Achievers opened their first revolving account 19 years ago, on average.
  • Most FICO High Achievers have an average age of accounts between 6 and 12 years.

New Credit:

  • About 72% of FICO High Achievers did not apply for credit in the past year. Of those that did, about 20% applied for credit just once.
  • About 54% of FICO High Achievers did not open an account in the past year. Of those that did, about 27% opened just one account.
  • FICO High Achievers opened their most recent account 27 months ago, on average.

Types of Credit Used:

  • Only 12% of FICO High Achievers have a consumer finance account.
  • FICO High Achievers have an average of 4 to 5 credit cards (including open and closed cards, bank cards and department store cards).
  • FICO High Achievers use a variety of different types of credit but have only a moderate amount of accounts from the same kind of credit (e.g. multiple credit cards).

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