![]() Some ideas to improve your credit score include: Make on-time payments As a person approaches retirement they have a long and detailed credit history and, again, many types of credit. Average credit score for people in their 60s and beyondįor borrowers 60 and over, the average credit score is 749. By this time people often have a very long credit history and a full range of credit types that affect the average score. The average credit score for borrowers between the ages of 50 and 59 years old is 706. Average credit score for people in their 50s ![]() People in their 40s typically have a long credit history and a mix of credit types like car loans, mortgages and personal loans. Average credit score for people in their 40sįor those in the 40 to 49 age group, the average credit score is about 684. By now, you may have a 10-year credit history, more lines of credit and more types of credit, like a car loan. The average credit score for those in their 30s is 672. Average credit score for people in their 30s When you're first starting out and trying to build credit, it may take some time to gain traction. Average credit score for people in their 20sįor those in their 20s, the average credit score is 662. Second, the average credit score for your age group can give you a benchmark to work with. First, the length of credit history plays a role in assessing a credit score. But it may help you to know two things about age and credit scores. What's a good credit score for my age?Ī good credit score is a good credit score, as discussed above, regardless of age. ![]() Scores between 661 and 780 are considered good credit scores. A fair credit rating is anywhere between 601 and 660. Someone with a VantageScore that's 600 or less is considered to have poor or very poor credit. Credit scores 800 and up are considered excellent. A credit score between 740 to 799 is considered very good. Anywhere between 670 to 739 is considered good. Scores that range from 580 to 669 are considered fair. With the FICO credit scoring model, credit scores ranging from 300 to 579 are considered poor.
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