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FICO says that 96% of “high achievers,” or those with FICO scores above 785, have no missed payments on their credit report. A examine by VantageScore and MagnifyMoney found that individuals with the best credit scores and people with the worst credit score scores truly had similar amounts of excellent debt. However, those with one of the best scores had a mean total credit limit of $46,700-sixteen occasions the credit limit of those with the worst scores! This examine reported that the average credit card consumer has an overall utilization ratio of 20%, which is usually thought of to be a secure number for maintaining first rate credit. In addition, understand that even if you have a low general utilization ratio, particular person playing cards with high utilization might nonetheless convey down your rating. To get an ideal credit score, you’ll want to keep this ratio as low as attainable, both general and on every of your particular person tradelines. To turn out to be someone who has an 850 credit score, however, you’ll need to keep it round 5% or lower.