{"id":4050,"date":"2022-04-07T11:55:45","date_gmt":"2022-04-07T16:55:45","guid":{"rendered":"https:\/\/www.accrediteddebtrelief.com\/blog\/?p=4050"},"modified":"2023-09-20T11:54:32","modified_gmt":"2023-09-20T16:54:32","slug":"average-credit-score-by-state","status":"publish","type":"post","link":"https:\/\/www.accrediteddebtrelief.com\/blog\/average-credit-score-by-state\/","title":{"rendered":"Average Credit Score by State"},"content":{"rendered":"\n

You probably know your credit score, but have you ever wondered how your score compares to others in your state? After another year of economic uncertainty, credit scores have fluctuated but not in the way you might expect. Credit scores across the country are up! Check out our summary of the 2021 FICO score data from Experian.<\/p>\n\n\n\n\n\n\n\n

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Credit Score Basics<\/strong><\/p>\n\n\n\n

Your credit score is a three-digit number used by lenders, landlords, and other institutions to determine your creditworthiness and ability to make payments. Credit scores are generated by credit bureaus with scoring models that consider factors like your payment history, credit utilization, account age, credit mix and recent applications. <\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n

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Source: Experian<\/figcaption><\/figure>\n\n\n\n

National Average Credit Scores Increased in 2021<\/h2>\n\n\n\n

According to Experian, the average credit score increased between 6-10 points in 2021 for two major scoring models: VantageScore and FICO. This increase is part of a decades-long trend that has shown an increase in average credit scores. <\/p>\n\n\n\n

Year<\/strong><\/td>VantageScore<\/strong><\/td>FICO Score<\/strong><\/td><\/tr>
2021<\/td>698<\/td>716<\/td><\/tr>
2020<\/td>688<\/td>710<\/td><\/tr>
2019<\/td>682<\/td>703<\/td><\/tr>
2018<\/td>680<\/td>705<\/td><\/tr>
2017<\/td>675<\/td>701<\/td><\/tr>
2016<\/td>680<\/td>699<\/td><\/tr>
2015<\/td>699<\/td>695<\/td><\/tr>
2014<\/td>697<\/td>692<\/td><\/tr>
2013<\/td>696<\/td>691<\/td><\/tr>
2012<\/td>695<\/td>690<\/td><\/tr>
2011<\/td>694<\/td>688<\/td><\/tr><\/tbody><\/table>
Source: Experian and VantageScore<\/figcaption><\/figure>\n\n\n\n

Why Are Average Scores Increasing?<\/h2>\n\n\n\n

Despite economic hardship, average credit scores continue to increase year over year. The result may seem ironic however, there are plenty of reasons why scores did not suffer as much as you might expect. <\/p>\n\n\n\n

Americans have managed to improve their credit scores because:<\/p>\n\n\n\n