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A nationwide trend: All 50 states saw declines in credit scores. The Wallhub report reveals that all 50 states saw their average credit scores slide lower between the third quarter of 2023 and the ...
Good Credit Score: A good credit score, according to Experian, is typically in the range of 670 through 739. A very good credit score ranges from 740 to 799 and an exceptional credit score will be ...
Data source: The Motley Fool Ascent. In each of these states, the average credit score is well above the national average score of 714. In fact, in the case of Minnesota, the average is 28 points ...
Lenders contend that widespread use of credit scores has made credit more widely available and less expensive for many consumers. [2] [3] Under the Dodd-Frank Act passed in 2010, a consumer is entitled to receive a free report of the specific credit score used if they are denied a loan, credit card or insurance due to their credit score. [4]
Employers are unable to access credit scores on the credit reports sold for the purposes of employment screening but are able to acquire debt and payment history. [46] Credit reports are legal to use for employment screening in all states, although some have passed legislation limiting the practice to only certain positions.
Credit scores are not included in free credit reports obtained from AnnualCreditReport.com. For a fee, each of the credit bureaus offer credit scores as an add-on feature of the report. In March 2021, it was announced that the website would offer free credit reports to all Americans weekly through April 20, 2022. [5]
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