Average Credit Score Increased in 2016

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The average credit score went up by 4 percent in 2016 as compared with 2015. The average credit score is now 673. This is based on Experian’s “State of Credit Report.” The average consumer has $39,216 in debt. Here is the average credit score by generation:
Silent Generation: 730, Baby Boomers: 700, Generation X: 655, Generation Y: 634, Generation Z: 631.

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