What is the average credit score in the U.S. And once the account falls off your report, it won’t affect your credit scores at all. Or if you’re behind on payments when your account is closed, seven years after the account first went delinquent. It’s true that once your account is closed, it can fall off your credit report after 10 years. Both FICO and VantageScore credit scores consider your opened and closed accounts in their age-related scoring factors. Some people mistakenly think that closing a credit card will shorten their credit history. They may also have more stability in their lives, allowing them to more easily manage their credit accounts.

Older people may have higher credit scores, on average, partially because they have older credit accounts and a higher average age of accounts. However, credit scores do consider the age of the oldest and youngest accounts in your credit report, and the average age of all your accounts. How can age affect your credit scores?Ĭredit scoring models don’t consider your age as a factor in your credit score, and lenders generally don’t consider age either. VantageScore representatives shared the average credit score by age group with us directly, but you can find other interesting credit score and debt stats broken down by location and age group on VantageScore CreditGauge. For September 2023, the Baby Boomer Generation has the highest average credit score with a 740, while Gen Z has the lowest average credit score at 663. by age?Īlthough the average credit scores changed from 2022 to 2023, there was a consistent increase in average scores from the youngest to oldest age group. Equifax, TransUnion, Experian What is the average credit score in the U.S.

Highest credit score range