Average U.S. FICO Score Remains Steady at 716
An uptick in missed payments, slightly elevated consumer debt levels, and an increased rate in consumers obtaining new credit contributed to the leveling off of the average FICO® Score
FICO® Scores are dynamic and evolve as changes in consumer behavior are reflected in the underlying credit bureau data housed and managed by the three primary
The leveling off of the average FICO® Score this year has been accompanied by modest degradation in key metrics considered by the Score: a small uptick in missed payments, slightly elevated consumer debt levels, and an increased rate in consumers obtaining new credit.
“Our annual announcement of the national average FICO Score stands as an important marker of the current financial health of
As the independent standard in credit scoring, FICO® Scores are the leading credit scores used extensively across the lending ecosystem ranging from originations, underwriting and account management to collections and asset-backed securitization.
For more information on the average
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