Loading...

The current state of credit

Published: December 3, 2015 by Guest Contributor

Experian® recently released the 2015 State of Credit report, which analyzes key credit metrics across the nation. Some year-over-year highlights:

  • The national average VantageScore® credit score increased by 3 points, from 666 to 669
  • Mortgage originations increased by 42.5%
  • Bankcard lending increased slightly, with the average number of bankcards up 2.8%
  • Retail cards continued to grow, with a 10.8% increase in new card originations
  • Delinquencies on bankcards and retail cards declined by 4.4%

Lenders can capitalize on this growth trend by staying on top of the latest credit trends and using advanced analytics to increase profitability.

>> Infographic: What Is Your State of Credit?

VantageScore® is a registered trademark of VantageScore Solutions, LLC.

Related Posts

With rapid growth comes an increased risk of fraud, making "Buy Now, Pay Never" a crucial fraud threat to watch out for in 2024.

Published: February 12, 2024 by Guest Contributor

If you’re a manager at a business that lends to consumers or otherwise extends credit, you certainly are aware...

Published: November 16, 2023 by Jim Bander

Generation Z will soon represent a significant portion of buyers and borrowers in the U.S. Here's why your business should help them.

Published: March 7, 2023 by Brian Funicelli