State of Credit 2017

February 1, 2018 by Guest Contributor

Our 8th annual State of Credit report shows that consumer credit scores and signs of economic recovery continue on an upward trend, coming close to a prerecession environment.

  • The average U.S. credit score is up 2 points to 675 from last year and is just 4 points away from the 2007 average.
  • Originations are increasing across nearly all loan types, with personal loans and automotive loans showing 11% and 6% increases year-over-year, respectively.
  • Consumer confidence is up 25% year-over-year and has increased more than 16% from this period in 2007.

With employment and consumer confidence rising, the economy is expected to expand at a healthy pace this year and continue to rebound from the recession. Now is the time to capitalize on this promising credit trend.

State of Credit 2017