How rare is 825 credit score?

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Scoring an 825 in Canada is like striking gold! With average credit scores around 760, achieving 825 lands you in the rare ‘Excellent’ range. It means stellar credit habits like timely payments and low debt. Enjoy perks like quick loan approvals and lower interest rates. Most won’t reach this peak, but it comes with great rewards! Reach out with questions, we’re here to help!


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Question

How rare is 825 credit score? I want to understand how uncommon it is to have a credit score as high as 825 in Canada. Is it achievable for most people?

From: Anonymous Question, Regina, Saskatchewan (SK)
Topic: Credit Rebuilding

Debt Insiders Answer

In Canada, having a credit score of 825 is like seeing a unicorn—pretty rare! With Canadian credit scores ranging from 300 to 900, an 825 firmly lands in the ‘Excellent’ category, which typically starts at 741. Considering the average credit score hovers around 760, hitting 825 means you’re basically a credit superstar. This reflects awesome credit management, like keeping your borrowing low, paying on time, and having a long-standing credit history. So, only a lucky few score this high—most folks just won’t get there.

If you do sport an 825, you’re in for some perks. Think quick loan approvals, sweet loan deals with lower interest rates, and access to top-notch financial products. But let’s be real, maintaining this score isn’t a walk in the park, and its rarity means it’ll remain a dream for most consumers. Curious to know more? Learn more about credit score agencies.
If you have any questions, reach out via phone, text or live chat. We’re here to help!

From: Insider Adam

Office of the Superintendent of Bankruptcy (OSB) Answer

The documents referenced do not provide specific information about credit scores or their distribution in Canada. However, a credit score of 825 is considered very high and is generally seen as an indicator of excellent creditworthiness. While specific statistics on the prevalence of such high scores can vary, achieving a score of 825 is uncommon and typically represents only a small percentage of the population that consistently manages their credit responsibly, maintains low credit utilization, and pays bills on time. It is achievable for most people, but it requires diligent financial habits over time.

From: OSB Helper

Related Questions

Here are the top 5 most frequently asked questions related to the rarity and implications of an 825 credit score, tailored for the Canadian context:

1. What is considered an excellent credit score?

An excellent credit score is generally rated between 760 to 900[2][4].

2. How rare is an 825 credit score?

Less than 1% of consumers with Exceptional FICO® Scores, which include scores from 800 to 850, are likely to become seriously delinquent, indicating that an 825 credit score is quite rare and exceptional[1].

3. What are the benefits of having an 825 credit score?

Having an 825 credit score offers benefits such as easy approvals for new credit, the best interest rates, and access to premium credit cards and loans[1].

4. How does an 825 credit score compare to the average credit score?

An 825 credit score is significantly higher than the average Canadian credit score, which is around 672 or 762 depending on the scoring model used[1][4].

5. What credit utilization rate is typical for someone with an 825 credit score?

The average credit utilization rate for individuals with an 825 credit score is around 7.7%[1].

If you have a question about debt see our debt questions or ask your own debt related question.

References

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