Last year, Americans’ credit scores improved to the highest level in five years thanks to improving economic conditions. Credit scores progressively rise with age.
During 2017, U.S. consumers had an average credit score of 675. The score that was utilized was the VantageScore.
In addition to improving from 673 the previous year, the average score turned out to be the highest it’s been since 2012 and now stands only four points from the pre-recession level of 679 in 2007.
Source: Mortgage Daily