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5 surprising stats about credit

Credit scores didn't tank during the recession
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Credit score

"Regarding the median score, we continue to track the median score and it remains extremely stable," Huynh said in an e-mail statement. The median FICO score dipped slightly between October 2008 and October 2009 from 713 to 711, according to FICO data using Equifax-based scores.

According to Huynh, most of the recent score movement has occurred in the "tails" of the FICO range, which runs from 300 to 850. "Lately we see slightly more consumers in the lower-scoring intervals, and slightly fewer consumers in the highest score intervals," he says.

The shifts are less than jaw-dropping. For instance, a widely reported statistic says 25.5 percent of the population now has a FICO score below 600. But this was only a slight change compared to the previous year, when 25.2 percent of Americans had a FICO score of 599 or lower.

On the high end of the scale, about 37 percent of the population has a FICO score of 750 or better as of April 2010.

Tip:Estimate your FICO score for free.




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