The average credit score for Americans rose slightly during the novel coronavirus pandemic, even though times have gotten more stressful and difficult for many.
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The average credit score for Americans rose slightly during the novel coronavirus pandemic, even though times have gotten more stressful and difficult for many. In July, the average credit score was 711 compared to an average score of 708 in April, the Wall Street Journal reported on Sunday. July’s average also compares to an average credit score of 706 just one year ago. The report concluded that the increase in credit scores nationwide stemmed from both financial assistance by the government as well as expanded unemployment benefits that made it easier for some Americans pay their bills on time and pay off any debt they might have. FICO scores range from 300 to 850. They’re calculated based on numerous factors such as payment history, loan applications and credit reports from consumers. The Journal received its data from Fair Isaac Corp.
