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What is the Average Credit Score in the U.S. (Experian)

  • Average credit card utilization decreased by 12%.
  • The average number of consumer accounts ever delinquent dropped by 10%.

These changes are not only positive for consumers’ credit health, but they are unprecedented in recent years. Considering the importance of payment history and credit utilization when calculating credit scores, improvement in these two areas may have been a driving force in increasing the nation’s average score.

Average FICO® Score Remains in “Good” Score Range

FICO® Scores, which range from 300 to 850, are the credit scoring model most commonly used by lenders for evaluating a borrower’s creditworthiness. A FICO® Score of 711 is considered “good” by most lending standards. Approximately 21% of Americans had a FICO® Score that fell in the “good” credit score range[6] in 2020.

Here are the FICO® Score ranges[7]:

  • 800-850: Exceptional
  • 740-799: Very good
  • 670-739: Good
  • 580-669: Fair
  • 300-579: Very poor

Average FICO® Scores by Age Group

Average credit scores vary by age groups, and generally, the older someone is and the more experienced with credit they are, the higher their credit score will be. Members of the silent generation—the oldest group in our analysis, age 75 and older—consistently have the highest average FICO® Score of any generation. In October 2020, members of the silent generation have an average FICO® Score of 758; that’s 47 points higher than the national average, according to Experian data.

Conversely, the youngest generation of adults—Generation Z, ages 18 to 23—have the lowest average score. This group has an average score of 674, which is 37 points below the national norm in October 2020.

Regardless of age group, every generation saw its average FICO® Score improve since this time last year. The bulk of the improvement occurred for the middle generations—millennials and Generation Xers—who each saw their average FICO® Score grow by 10 or more points.

Source: Experian. Table compares annually representative samples from 2019 and October 2020.

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