Credit Scores Stabilizing Across U.S., Report Says

IMGCAP(1)]

Processing Content

Consumers' credit scores stabilized in June following three consecutive months of increases, according to a report released yesterday by Credit Karma Inc., a San Francisco-based company whose Web site tracks credit scores. Nationally, 38% of consumer credit scores increased in June compared with 39% that did in May and 41% that did in April, according to data from approximately 44,000 Credit Karma user scores. Some 34% of consumers' credit scores remained the same in June compared with 32% that did in May. Also, 28% of consumers' credit scores decreased in June compared with 29% that did in May. Consumers in Michigan had the highest percentage of credit scores increasing in June at 41%. Some 27% Michigan consumers' credit scores decreased, and 32% stayed the same. Texas had the highest percentage of credit scores that decreased in June at 29%. Some 39% of Texas consumers' credit scores increased, and 32% stayed the same, according to the report.


For reprint and licensing requests for this article, click here.
Credit Cards
MORE FROM AMERICAN BANKER
Load More