What are the risks of installment loans on a credit score?

Dec 3, 2024 ... Minnesota residents have the highest credit scores in the US with an average VantageScore credit score of 726, a recent report from WalletHub finds. NOTE: Credit scores are cobranded between the three major credit repositories (Equifax, Experian, TransUnion) and Fair. Isaac Corporation (FICO). Values can ... May 1, 2012 ... View average credit scores for each state with data compiled by reporting agencies. ... Credit reporting company Experian compiles averages credit ... Mar 11, 2025 ... "The average credit score was 715 in 2024, according to Experian data. That average, as of the third quarter (Q3) of 2024, is unchanged from the ... 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 ... 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 ... Jan 28, 2025 ... The CFPB highlighted instances where credit scoring models used by credit card lenders and auto lenders may result in violations of the Equal Credit ... Average Credit Score to Finance a Car · Superprime (781 to 850): This is the highest credit score category, so drivers can expect easy approvals with great ... ... average credit score increase of 18 points and an average credit score upon completion of 648. Personal safety and economic security are inextricably linked ... Oct 19, 2020 ... The average consumer credit score has gone up during the pandemic, an unexpected positive side effect on personal finance from relief efforts ...