Your credit score is important. It’s a number that represents your financial health and it’s used by lenders to determine your eligibility for loans, credit cards, and other forms of financial assistance. But what does your credit score mean in the grand scheme of things? How does it compare to the credit scores of people in other countries?
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According to a recent study, the average credit score in the United States is 695. That’s pretty good, but it turns out that Americans are far from the top of the list when it comes to credit scores. In fact, we’re not even in the top 10.
The study, which was conducted by Credit Sesame, looked at the credit scores of people in several different countries and found that the average credit score in Norway is 749, followed by the Netherlands (745), Denmark (742), Sweden (737), and Finland (736). As you can see, the average credit score in the U.S. is well below the average in these other countries.
So what does this mean? It’s hard to say for sure, but it could be a sign that Americans are not as financially responsible as people in other countries. It could also be a sign that our credit scoring system is not as effective as it could be. Either way, it’s something to think about.
Your credit score is important. It can make the difference between getting approved for a loan or not. So, it’s natural to want to know how your score compares to others. Here’s a look at how credit scores stack up internationally.
In the United States, the average credit score is 695. That’s pretty good, but it’s not the best. That honor goes to Canada, where the average score is 710. The United Kingdom is next with an average score of 686, followed by Australia at 683.
So, what does this mean for you? If you’re looking to get a loan, you may have a better chance of getting approved if you’re from Canada or the UK. But, if you’re from the US, you’re still in good shape. Your score is above average, so you should have no problem getting approved for a loan.