Why your credit score might be rising: FICO scores hit all-time high

The average FICO credit score reached a record high of 711 in July despite the financial havoc wreaked by the coronavirus pandemic, according to multiple reports.

That’s up from 708 in April and 706 in July 2019, according to Fair Isaac Corp. data reported in CNBC and the Wall Street Journal.


Ranging from 300 to 850 – higher is better – FICO scores assess the credit risk of individual consumers based on their credit card debt, spending limit, payment record and past loan applications. Lenders often use credit scores to determine whether to extend