Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

How consumer credit scores fared in 2016

844 views

Published on

Discover which U.S. states and cities scored best in Experian's 2016 "State of Credit." The 7th annual study explores consumer credit scores across the country.

Published in: Economy & Finance
  • Did u try to use external powers for studying? Like ⇒ www.HelpWriting.net ⇐ ? They helped me a lot once.
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • Yes you are right. There are many research paper writing services available now. But almost services are fake and illegal. Only a genuine service will treat their customer with quality research papers. ⇒ www.HelpWriting.net ⇐
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • Be the first to like this

How consumer credit scores fared in 2016

  1. 1. How consumer credit scores fared across the country in 2016
  2. 2. 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
  3. 3. The Midwest took the lead, with Minnesota taking the top 3 cities 1 2 3 Credit ScoreCity 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
  4. 4. Top 10 highest average credit scores by city 2016 Average Vantage Score 2015 Average Vantage ScoreCity, State Mankato, MN. 708 708 707 704 704 703 703 703 703 702 706 705 704 700 701 701 700 699 701 699 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
  5. 5. 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
  6. 6. “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
  7. 7. 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 11 669 673
  8. 8. 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
  9. 9. 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
  10. 10. of those who foreclosed back in the Great Recession have already boomranged to become homeowners again 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
  11. 11. 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
  12. 12. To learn more about Experian’s 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

×