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?

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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.

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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.

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

Which generation holds the best credit scores?

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“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

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The nation’s 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

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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 mill

ion

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

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To learn more about Experian’s annual state of credit, visit:

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