Credit scores up in pandemic, Experian says

The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Please review our list of best credit cards[1], or use our CardMatch™[2] tool to find cards matched to your needs.

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.

1 2 3 4 5 6 7 8

Share