The national average FICO score has dropped to 715, down two points from 2024, according to a report from Fair Isaac Corporation. Amy Crew Cutts attributes the decline to the economic impacts of the pandemic, with 24% of Americans opening new credit cards and 13% taking out personal loans in the past year. Delinquency rates on auto loans, student loans, personal loans, and credit cards have also increased, contributing to lower credit scores. Gen Zers have been hit the hardest, with an average score of 679, 39 points lower than other age groups. This trend is reflective of ongoing economic challenges facing many Americans.

Read more at Yahoo Finance: Credit Scores Tumble For The Second Year In A Row, As Americans Struggle To Stay Afloat