Average U.S. FICO Score Holds at 717 Despite Economic Uncertainty
FICO's latest analysis reveals that the average U.S. FICO® Score remains at 717, one point lower than a year ago. Key factors impacting the score in 2024 include:
1. Missed payments rising: Over 18% of the population had a past-due payment on one or more credit accounts in the last year, up 5% from April 2023.
2. Consumer debt increasing: Average credit card utilization grew to 35%, up 3% from April 2023 and 6% from April 2020.
3. New credit activity slowing: 44% of the population opened at least one new credit account in the prior 12 months, down from 45.5% in April 2023.
These trends suggest economic pressures are affecting household finances, with high interest rates and consumer prices contributing to increased missed payments and debt levels.
L'ultima analisi di FICO rivela che il punteggio medio FICO® negli Stati Uniti rimane a 717, un punto in meno rispetto a un anno fa. I fattori chiave che influiscono sul punteggio nel 2024 includono:
1. Aumento dei pagamenti mancati: Oltre il 18% della popolazione ha avuto un pagamento scaduto su uno o più conti di credito nell'ultimo anno, in aumento del 5% rispetto ad aprile 2023.
2. Aumento del debito dei consumatori: L'utilizzo medio delle carte di credito è cresciuto al 35%, in aumento del 3% rispetto ad aprile 2023 e del 6% rispetto ad aprile 2020.
3. Rallentamento delle nuove attività di credito: Il 44% della popolazione ha aperto almeno un nuovo conto di credito negli ultimi 12 mesi, in calo dal 45,5% di aprile 2023.
Queste tendenze suggeriscono che le pressioni economiche stanno influenzando le finanze domestiche, con alti tassi d'interesse e prezzi al consumo che contribuiscono a un aumento dei pagamenti in ritardo e dei livelli di debito.
El último análisis de FICO revela que el puntaje medio FICO® en EE. UU. se mantiene en 717, un punto menos que hace un año. Los factores clave que afectan el puntaje en 2024 incluyen:
1. Aumento de los pagos atrasados: Más del 18% de la población tuvo un pago atrasado en una o más cuentas de crédito en el último año, un aumento del 5% desde abril de 2023.
2. Aumento de la deuda de los consumidores: La utilización media de las tarjetas de crédito creció al 35%, un aumento del 3% desde abril de 2023 y del 6% desde abril de 2020.
3. Desaceleración de la actividad de crédito nuevo: El 44% de la población abrió al menos una nueva cuenta de crédito en los últimos 12 meses, una disminución del 45,5% en abril de 2023.
Estas tendencias sugieren que las presiones económicas están afectando las finanzas de los hogares, con altas tasas de interés y precios al consumidor que contribuyen al aumento de los pagos atrasados y los niveles de deuda.
FICO의 최신 분석에 따르면 미국의 평균 FICO® 점수는 717을 유지하고 있습니다, 작년보다 1점 낮은 수치입니다. 2024년 점수에 영향을 미치는 주요 요인은 다음과 같습니다:
1. 지불 누락 증가: 인구의 18% 이상이 지난 1년 동안 하나 이상의 신용 계좌에서 지불이 연체되었습니다. 이는 2023년 4월보다 5% 증가한 수치입니다.
2. 소비자 채무 증가: 평균 신용카드 사용률이 35%로 증가했으며, 이는 2023년 4월 대비 3%, 2020년 4월 대비 6% 증가한 것입니다.
3. 새로운 신용 활동 둔화: 인구의 44%가 지난 12개월 동안 최소 한 개의 새로운 신용 계좌를 개설했으며, 이는 2023년 4월의 45.5%에서 감소한 것입니다.
이러한 트렌드는 경제적 압력이 가계 재정에 영향을 미치고 있음을 시사하며, 높은 이자율과 소비자 물가가 지불 연체 및 채무 수준 증가에 기여하고 있습니다.
La dernière analyse de FICO révèle que le score FICO® moyen aux États-Unis reste à 717, un point de moins par rapport à l'année dernière. Les principaux facteurs influençant le score en 2024 incluent :
1. Hausse des paiements manqués : Plus de 18 % de la population a eu un paiement en retard sur un ou plusieurs comptes de crédit au cours de l'année écoulée, en hausse de 5 % par rapport à avril 2023.
2. Augmentation de la dette des consommateurs : L'utilisation moyenne des cartes de crédit a augmenté à 35 %, soit une hausse de 3 % par rapport à avril 2023 et de 6 % par rapport à avril 2020.
3. Ralentissement de l'activité de crédit nouveau : 44 % de la population a ouvert au moins un nouveau compte de crédit au cours des 12 derniers mois, en baisse par rapport à 45,5 % en avril 2023.
Ces tendances suggèrent que les pressions économiques affectent les finances des ménages, avec des taux d'intérêt élevés et des prix à la consommation contribuant à l'augmentation des paiements manqués et des niveaux d'endettement.
Die neueste Analyse von FICO zeigt, dass der durchschnittliche FICO®-Score in den USA bei 717 bleibt, einem Punkt niedriger als vor einem Jahr. Die wichtigsten Faktoren, die den Score im Jahr 2024 beeinflussen, sind:
1. Anstieg von versäumten Zahlungen: Über 18% der Bevölkerung hatten im letzten Jahr eine fällige Zahlung auf einem oder mehreren Kreditkonten, was einem Anstieg von 5% seit April 2023 entspricht.
2. Steigende Konsumschulden: Die durchschnittliche Nutzung von Kreditkarten stieg auf 35%, was einem Anstieg von 3% seit April 2023 und 6% seit April 2020 entspricht.
3. Verlangsamung der neuen Kreditaktivität: 44% der Bevölkerung eröffneten in den letzten 12 Monaten mindestens ein neues Kreditkonto, ein Rückgang von 45,5% im April 2023.
Diese Trends deuten darauf hin, dass wirtschaftlicher Druck die Haushaltsfinanzen beeinträchtigt, wobei hohe Zinsen und Verbraucherpreise zu steigenden versäumten Zahlungen und Schuldenhöhen führen.
- FICO® Scores are used by 90% of the top U.S. lenders, indicating strong market position
- FICO consistently releases average U.S. FICO Score data, providing valuable market insights
- Average U.S. FICO® Score decreased by one point compared to last year
- Missed payments increased by 5% compared to April 2023
- Average credit card utilization grew to 35%, up 3% from April 2023
- New credit activity decreased, with 44% of the population opening new accounts compared to 45.5% in April 2023
Insights
The stability of the average U.S. FICO Score at 717 despite economic pressures is noteworthy. This resilience suggests that consumers are managing their credit relatively well in the face of challenges. However, there are concerning trends:
- Missed payments rose
5% year-over-year, with18% of the population having a past-due payment. - Average credit card utilization increased to
35% , up3% from last year and6% from 2020. - New credit activity slowed, with
44% of the population opening new accounts, down from45.5% .
These indicators point to growing financial stress among consumers, which could lead to increased credit risk for lenders. For FICO, this data underscores the continued relevance and importance of their scoring model in assessing consumer creditworthiness, potentially supporting demand for their analytics services.
The stability in the average FICO Score masks underlying shifts in consumer credit behavior that warrant attention. The increase in missed payments and credit card utilization suggests consumers are struggling with inflation and high interest rates. This could lead to:
- Tighter lending standards from financial institutions
- Increased demand for debt consolidation and credit counseling services
- Potential growth in the subprime lending market
For FICO, this environment presents both opportunities and challenges. Their scoring model's ability to capture these nuanced changes in consumer behavior could enhance its value to lenders. However, if economic conditions worsen significantly, it could lead to a broader decline in credit scores, potentially affecting FICO's business model and the lending industry as a whole.
FICO® Scores are used by
Key factors impacting the average
-
Missed payments continue to rise: As of April 2024, just over
18% of the population had a past-due payment on one or more credit accounts in the last year. This is up by5% in relative terms compared to April 2023.
-
Consumer debt continues to trend higher than pre-pandemic levels: As of April 2024, the average credit card utilization grew to
35% . This is up by3% in relative terms compared to April 2023, and by6% in relative terms compared to April 2020.
-
New credit activity continues to slow down: As of April 2024,
44% of the population had opened at least one new credit account in the prior 12 months. This is down from45.5% as of April 2023.
“Understanding the average FICO Score is essential for gaining a comprehensive view of consumer credit health,” said Can Arkali, senior director of Scores and Predictive Analytics at FICO. “We remain focused on tracking developing credit risk patterns to understand how consumers are adjusting to the current economic landscape. Our latest analysis shows that factors such as high interest rates and consumer prices are adding pressure to household finances as evidenced by continued increases in missed borrower payments and consumer debt levels.”
Full analysis on the average
About FICO
FICO (NYSE: FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 200 US and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, insurance, telecommunications, health care, retail and many other industries. Using FICO solutions, businesses in more than 100 countries do everything from protecting 4 billion payment cards from fraud, to improving financial inclusion, to increasing supply chain resiliency. The FICO® Score, used by
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View source version on businesswire.com: https://www.businesswire.com/news/home/20241009477979/en/
Julie Huang
press@fico.com
Source: FICO
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