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hold (23 %). It also considers your “Depth of Credit,” such as the length of your credit history and the mix of different types of credit (13%), your
unpaid balances (15%), the amount of new credit (10%) you have and the amount of available credit (7%).
According to VantageScore, the national average credit score is 736. New Hampshire has the highest average score with 769, while Texas has the lowest with 698.
While someone with good credit will likely have
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high FICO and VantageScore scores, their scores may differ because of the dissimilar methods used in calculating credit scores.
Whichever way a credit score is calculated, having a good score can go a long way in allowing you to easily attain your dreams of owning a car or buying your first home.
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