What are the long-term consequences of student loan default on credit scores?

Oct 31, 2024 ... Average credit scores tend to change based on age, state, and income. But none of these are actually used to calculate your score. Good credit habits matter ... Nov 27, 2024 ... Minnesota ranked 1st with an average credit score of 726. NMN Staff · Credit Lending. More from national mortgage news. 20 banks with the ... Jun 28, 2024 ... Key Takeaways · The average credit score for American adults is 717 based on FICO's scoring model and 702 based on VantageScore. · The average ... Jun 12, 2024 ... Consider yourself in “good” shape if your credit score is above the average for people in your age group. Given that the average credit score ... Aug 30, 2022 ... Lenders and housing providers use credit scores and credit histories to assess the risk of lending to borrowers because they are supposedly an ... Aug 26, 2020 ... Key findings · Porsche buyers take the top spot with average credit scores of 725 · The average credit score of a Tesla purchaser drops from 740 ... Apr 16, 2025 ... The national average U.S. FICO® Score stands at 715. This marks a decline of one point from January 2025 and a two-point drop from April 2024, ... Dec 18, 2024 ... According to Experian's Q2 2023 Consumer Credit Review, the average credit score is 716. While averages can provide a general idea, pinpointing an exact ... Feb 21, 2025 ... Average Credit Score Key Stats · Average Credit Score (2024): 715 FICO Score & 702 Vantage Score · Age Group with Highest Average Credit Score ( ... The average is 735 for new vehicles and 690 for pre-owned cars. With that said, these are only averages; most lenders require a credit score of at least 600 to ...