Consumers' credit scores remained stable for the fifth consecutive month, according to a report from Credit Karma Inc.
Nationally, 37% of consumer credit scores increased in August, unchanged from July, according to data from roughly 55,000 Credit Karma user scores. Around 34% of consumers' credit scores remained the same in August, versus 35% in July.
Other findings from the report, which came out last week:
Credit scores fell for 29% of consumers in August, compared with 28% in July. The average consumer had $6,775 in credit card debt last month, down 0.6% from $6,818 in July. The average consumer credit score was unchanged month to month at 673.
Among metropolitan areas Chicago had the highest percentage of credit score increases in August, 40%. About 29% of Chicago consumers' credit scores fell, and they stayed the same for 31%. Denver had the highest percentage of credit scores that fell in August, 34%. Roughly 35% of Denver consumers' credit scores increased, and 31% stayed the same.
