Congratulations, America!
You've done a great job with your credit. Your average FICO credit score reached 699 in April 2016, at the upper end of what is normally considered the fair credit range(650-699). By the time October 2016's information is compiled and released, you may well have broken into the "good" credit range (700-749).
Average FICO scores have been on a generally upward trend since October 2009, when they hit a relative low of 686. Not only have the average scores been rising, but the scores on either end of the scale also show positive trends. The percentage of Americans in the 300-499 FICO score credit range (the poorest credit range possible) fell consistently from 7.3% in October 2009 to 4.6% in April 2016. In the same period, the percentage of Americans in the highest FICO scoring range of 800-850 rose from 18.2% to 20.4%.
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