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Credit scores up in pandemic, Experian says

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U.S. consumers’ credit scores are up and their card balances and delinquencies are down, according to a new report from Experian.The credit bureau on Oct. 20 released key findings from its annual State of Credit[3] report, which showed U.S. consumers have less debt on average and are carrying fewer credit and retail cards.

Consumers have also made a six-point jump in their average credit scores[4] from 2019, making the new average VantageScore 688.

Add that news to FICO’s recent finding that the average FICO score[5] is up to 711 and it paints a picture of Americans managing their debt responsibly, even during the COVID-19 pandemic.

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