US Average FICO Score Holds Steady After First-in-Decade Fall
- Negative trends stick but don’t significantly move the needle
- Defaults by nonprime borrowers, in particular, have risen
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The average consumer credit score in the US has steadied after its first slip in a decade.
The national average FICO credit score stood at 717 in July, the same as in April of this year and October 2023, according to Can Arkali, a senior director at Fair Isaac Corp., the Montana-based creator of the widely used metric. The October 2023 score fell by one point, the first decline after years of gains.