How consumer credit scores fared in 2016

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  • How consumer credit scores faredacross the country in 2016

  • Which part of the country has bragging rights when it comes to sporting the best consumer credit scores?

    How consumer credits scores fared across the crountry in 2016 1 0f 11

  • The Midwest took the lead, with Minnesota taking the top 3 cities

    12 3

    CreditScoreCity

    Mankato, MN. 708

    708

    707

    Rochestor, MN.

    Minneapolis, MN.

    1.

    2.

    3.

    How consumer credits scores fared across the crountry in 2016 02 0f 11

  • Top 10 highest average credit scores by city2016 AverageVantage Score

    2015 AverageVantage ScoreCity, State

    Mankato, MN. 708708707704704703703703703702

    706705704700701701700699701699

    Rochestor, MN.Minneapolis, MN.Green Bay, WI.Wausau, WI.Duluth, MN.Sioux Falls, SD.La Crosse, WI.Fargo, ND.Madison, WI.

    1.

    2.3.4.

    5.6.7.

    8.9.

    10.

    How consumer credits scores fared across the crountry in 2016 03 0f 11

  • Americans are doing well, with less stress on credit and debt.

    Which generation holds the best credit scores?

    How consumer credits scores fared across the crountry in 2016 06 0f 11

  • All credit indicators suggest consumers are not as credit-stressed- credit card balances and average debt are up while utilization rates remained consistent at 30%. - Michele Raneri, VP of Analytics and New Business Development at Experian

    How consumer credits scores fared across the crountry in 2016 04 0f 11

  • The nations average credit score is up 4 points; from 669 to 673 last year.

    The stock market reached record highs post-election.

    Bankcard originations and balances continue to grow, dominated by prime borrowers.

    2015 2016

    The nation is looking in a positive direction

    How consumer credits scores fared across the crountry in 2016 05 0f 11

    669673

  • Silents

    Gen Z is emerging for the first time in the credit ranks with an

    average score of 631.

    Boomers Gen X Gen Y

    How consumer credits scores fared across the crountry in 2016 07 0f 11

    730 700 655 634

  • Rise in income and low unemployment are helping how Americans manage credit.

    The positive effect of economic recovery on homeownership

    How consumer credits scores fared across the crountry in 2016 08 0f 11

  • of those who foreclosed back in the Great Recession have already boomranged to become homeowners again

    All credit indicators suggest consumers are not as credit-stressed- credit card balances and average debt are up while utilization rates remained consistent at 30%. - Michele Raneri, VP of Analytics and New Business Development at Experian

    How consumer credits scores fared across the crountry in 2016 09 0f 11

    12%who experienced a short sale during that time have also recently taken on a mortgage

    29%Americans will see a foreclosure fall of their credit report between June 2016 and June 2017

    2.5 million

  • There is always room for improvement, but the 7th annual state of credit reveals there is much to be thankful for in 2016.

    How consumer credits scores fared across the crountry in 2016 10 0f 11

  • To learn more about Experians annual state of credit, visit:

    How consumer credits scores fared across the crountry in 2016 11 0f 11

    www.experian.com/live-credit-smart/state-of-credit2016.html

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