Here’s why the average US credit score is falling
The average U.S. credit score slipped nationwide, largely due to the resumption of federal student loan delinquency reporting on U.S. consumers’ credit reports, according to FICO.The scoring agency reported that the national average U.S. FICO score – used as a benchmark for assessing consumer credit risk – fell to 715, marking a one-point drop from January and a two-point decline from April 2024.FICO scores, which range from 300 to 850, […]
