US Average FICO Score Holds Steady After First-in-Decade Fall

The average consumer credit score in the US has steadied after its first slip in a decade.

The national average FICO credit score stood at 717 in July, the same as in April of this year and October 2023, according to Can Arkali, a senior director at Fair Isaac Corp., the Montana-based creator of the widely used metric. The October 2023 score fell by one point, the first decline after years of gains.

Two key credit metrics — missed payment rates and borrower balances — continued to increase in April from last October. But they are rising at ...