Three Out Of 10 Improve Credit Score

IRVINE, Calif. - Three out of every 10 U.S. consumers improved their credit score by up to 50 points in a six-month period from January to June 2007, according to the latest National Score Index study by Experian Consumer Direct.

But over the same period, nationally 23% of consumers had their credit score drop up to 50 points from January to June 2007. The study examined the movement of credit scores among different score groups.

According to Experian, 20% of consumers with a credit score between 650 and 699 in January improved their score to between 700 and 749 in June. 14% of consumers with a credit score between 700 and 749 in January improved their score to between 750 and 799 in June.

Leading the country were the 33% of consumers in North Dakota, South Dakota, and Vermont who improved their credit score by up to 50 points from January to June.

The average credit score for consumers in North Dakota is 716, in South Dakota it is 718, and in Vermont it is 713, Experian said.

For info: www.NationalScoreIndex.com. (c) 2007 The Credit Union Journal and SourceMedia, Inc. All Rights Reserved. http://www.cujournal.com http://www.sourcemedia.com