(303) 656-6597

todd@stonemanlegal.com

Where do you stand in the credit scoring enigma?

Bankruptcy is NOT the Scarlet Letter you may have heard about

If you know your own FICO credit score and have been wondering where you stand…

If you know your own FICO credit score and have been wondering where you stand relative to the rest of American consumers, the Fair Isaac Corporation (creator of FICO scores) publishes a semi-annual distribution of FICO-scoring data. Here’s where American consumers stand as of the most recent (April 2017) data:

FICO Score RangePercentage of U.S. ConsumersPercentage With Lower Scores
800-85020.7%79.3%
750-79919%60.3%
700-74917.1%43.2%
650-69913.2%30%
600-64910%20%
550-5998.5%11.5%
500-5496.8%4.7%
300-4994.7%N/A

Data Source: Fair Isaac Corporation. Distribution is representative of the FICO Score 8 version of the FICO scoring model.

Filing for bankruptcy is NOT the Scarlet Letter your parents (and Nathaniel Hawthorne) warned about! Your credit score will rebound significantly within 2 years of filing … 100+ points in many cases. For real.

The other thing to keep in mind is that your stress level and credit score are inversely related. With respect to bankruptcy and debt, while one goes up – the other goes down. Get the monkey off your back TODAY. Trust me on this, bankruptcy can be an extremely positive, responsible way to proceed. I can attest to this 100% … I’ve been there. Let me help you.

1 comment

  • I was very happy to uncover this great site. I need to to thank you for your time for this particularly wonderful read!! I definitely loved every little bit of it and I have you book marked to see new information on your web site.

Leave your comment

I took an oath -

I respect and honor it daily.

Let me prove it to you.

Contact Todd
Todd StonemanClients’ ChoiceAward 2019 10.0Todd Stoneman
Yelp