Average Credit Score by Age

Making smart financial choices early in life can lead to credit score advantages as you age.

Advertising & Editorial DisclosureLast Updated: 11/18/2022
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Consumers in the U.S. have an average FICO® Score of 703 and VantageScore of 711, but this can vary based on age.

Credit scores are determined based on a number of factors. Your FICO® Score is primarily based on specific, weighted criteria including payment history (35%), outstanding debt (30%), credit history length (15%), pursuit of new credit (10%) and the types of credit you use (10%).

Regardless of your age, those who are initially building their credit score can start from 500 to 700, with those in their 20s having an average score of 660. The age group with the highest average credit score is those in their 80s, but it’s those between 56 and 74 that have the most consumers with a perfect score of 850. However, keep in mind that credit scores vary by age and due to a number of factors.

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Credit Scores By Age Snapshot

The average FICO® Score is 703, while the average VantageScore is 711.

Consumers who hit their 50s experience a significant increase in their credit score, reaching an average score of 703 and above.

Credit scores can also vary based on your location — Louisiana has the lowest average credit score in the U.S. while Minnesota has the highest.

What Is the Average Credit Score by Age in the U.S.?

average credit score illustrations

The average credit score in the U.S. stands at 703 as of the second quarter of 2019, but this is not the same for everyone. For instance, Louisiana has the lowest average credit score of 685 in the U.S., while Minnesota has the highest average at 739.

Your age can also indirectly play a role in your score. While age itself is not a factor used in credit scoring reports, the age of your accounts is. The older you are, the older your accounts are and the higher your credit score is, mostly due to your extensive payment history. As people reach retirement age, they generally have less debt, which can improve credit scores.

Different age groups have varying averages, with consumers in their 20s having the lowest average score at 660. Those in their 60s have a significantly higher score as they’ve built it over many years, with their average credit score standing at 733. Scores increase the most between 40 to 69, jumping an average of 20 points in each decade.

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  • Age in Years
    Credit Score
  • U.S. average
    711 (Good)
  • 20 to 29
    660 (Fair)
  • 30 to 39
    672 (Good)
  • 40 to 49
    683 (Good)
  • 50 to 59
    703 (Good)
  • 60 to 69
    733 (Good)
  • 70 to 79
    754 (Very Good)
  • 80+
    755 (Very Good)

What Ages Have the Most Perfect Credit Scores (850)?

people comparing credit scores illustration

Achieving a perfect credit score of 850 is a goal for many consumers. After all, it can help them attain better loans, credit card offers and utility discounts. Roughly 58% of consumers with a perfect credit score of 850 are between the ages of 56 and 74. This score is two steps up from the average FICO® score of 703, which is ranked as “good” by Experian.

Between 56 and 74, consumers are more likely to have an increased income. This can help them pay off a significant amount of debt and contribute to an increase in their score. Conversely, they may have also already paid off most of their debt and have lowered their credit utilization ratio, which has a significant impact on credit scores next to payment history.

While achieving a score of 850 is ideal, it isn’t needed to get better interest rates or offers. Getting a score of 760 or “very good” is enough to give you access to better interest rates or credit card reward options.

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  • Age
    % of 850 Credit Score
  • 18-23
  • 24-39
  • 40-55
  • 56-74
  • 75+

What’s a Good Credit Score for Your Age?

As you age and increase your payment history, increasing your credit score should be part of your goals. While you can do many things to speed up the process and have a better credit score, a good credit score keeps up with the national average. In your 20s and 30s, a good credit score is between 663 and 671, while in your 40s and 50s, a good score is around 682. To get the best interest rates, terms and offers, aim for a credit score in the 700s.

In your 20s, you’re only just starting to build your credit score, which is why it may be difficult to get the same average score of 754 that those in their 70s achieve. A number of factors can affect your score over time, such as your payment history, credit history length and revolving balance. Credit bureaus have a better idea of your creditworthiness if you have a long payment history of on-time payments.

In the meantime, focus on reducing your debt and improving your credit score by making on-time payments, reviewing your credit regularly and keeping your credit utilization as low as possible.

Average Age by Credit Score Tier

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  • Credit Score Tier
    Average Age
  • Excellent (800-850)
  • Good (670-739)
  • Fair/Limited (580-669)
  • Bad (300-579)

Average Credit Scores for People in Their 20s

The average FICO® credit score for those in their 20s is 660. Between the ages of 20 and 29, consumers are starting to build their scores. These consumers may have a low-limit student credit card and are making payments towards their student loans. A low income, short payment history and higher utilization could be why their average score is on the lower side of the credit score spectrum.

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  • Age
    Average FICO Score
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29

Average Credit Scores for People in Their 30s

Consumers' FICO® Scores begin to grow in their 30s, increasing steadily by 14 points between the ages of 30 and 39. By this age, their incomes are growing as they establish their careers. Many in this age group have a mortgage or auto loan, which can help diversify credit beyond credit cards and student loans.

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  • Age
    Average FICO Score
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39

Average Credit Scores for People in Their 40s

Consumers' average FICO® Scores improve by 11 points in their 40s and reach an average of 689 by age 49. Around this age, consumers may be co-signing student loans with their children and looking at refinancing options, such as debt consolidation, to reduce debt and prepare for retirement.

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  • Age
    Average FICO Score
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49

Average Credit Scores for People in Their 50s

Credit scores continue to climb, and at a higher rate, throughout the consumers' 50s. During this time, credit scores increase by 24 points from age 50 to 59. Consumers in their 50s are at their peak earning years and focusing more on retirement. They may be paying off any leftover debt to eliminate payments before retiring from their jobs.

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  • Age
    Average FICO Score
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59

Average Credit Scores for People in Their 60s

The average FICO® Score grows by an even greater margin during the consumers’ 60s, increasing by 27 points, from 719 at age 60 to a high 746 by age 69. Around their 60s, consumers’ accounts will have aged considerably, and they have a long track record of payments. Many in this bracket have paid off their mortgage, credit cards and other debt that can affect their credit scores.

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  • Age
    Average FICO Score
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69

Average Credit Scores for People in Their 70s and Older

Once consumers hit their 70s, their average FICO® scores will slowly plateau, getting closer to the perfect 850. Around this age, the Equal Credit Opportunity Act (ECOA) permits credit scoring models to favor certain age groups, specifically those over the age of 62. However, this age group is also likely to use credit less to avoid gaining more debt since they are now living off of Social Security, pensions and their retirement savings.

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  • Age
    Average FICO Score
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
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Regardless of your age, it’s important to cut back on unnecessary expenses where possible. Having monthly savings can be used to pay down debt, invest for retirement or contribute to an emergency fund to avoid overspending on credit cards.

At What Age Does Credit Score Improve the Most?

Consumer credit scores start jumping significantly between their 30s and 40s, but the biggest increase is seen between one’s 50s and 60s — a significantly large 30-point jump.

By their 40s, consumers’ accounts have aged enough to warrant a higher score increase. However, their debt levels peak and those in their 40s often have to contend with multiple credit accounts, such as their credit card, student loan and mortgage. These reduce significantly in their 60s, as debts may likely have been paid off or refinanced, and credit card debt isn’t accumulated as much due to retirement. Due to the ECOA, credit bureaus will also look at those beyond the age of 62 more favorably.

“Credit Invisibility” by Age

Around 26 million consumers in the U.S. are said to be credit invisible, which means they have no recorded credit history or report at any of the three major credit bureaus (Experian, TransUnion and Equifax).

It’s a given that records will be limited for those 19 and below, with over 80% having unscored records. This drops by 40% once they reach their 20s and lowers over time, as consumers open credit accounts and take out loans. However, most consumers who are credit invisible are generally young, which may be a result of lack of income or other circumstances.

The number of credit invisible consumers increases at around age 60, caused by insufficient recent information. It’s also possible that those born before 1950 had thinner credit records throughout their careers, which reflected less credit reporting during the years when they were actively consuming credit.

Expert Insights

Your credit score is bound to change as you age since your accounts age and you increase your lending activity. However, knowing how to manage your credit as you age can be a challenge. Below are insights from experts in the field to help you ensure you’re making wise financial decisions.

  1. What's the best advice you can give someone in their 20s to boost their credit score?
  2. How can consumers know they're on the right track when it comes to improving their credit score? What can they look at and why?
Andrew Lokenauth
Andrew Lokenauth

Vice President and Director of Finance & Accounting at Cover Genius

Adem Selita
Adem Selita

CEO & Co-founder of The Debt Relief Company

Anthony Martin
Anthony Martin

CEO & Founder of Choice Mutual

Other Questions You May Have About Average Credit Scores

Credit scores can be a tricky subject. Below are a few common questions when it comes to understanding what happens to your average credit score as you age.

Related Content

As you age, understanding how credit works is essential to ensure you don’t miss out on opportune financial opportunities. Learn more about credit scores in the guides below, including how to improve your score, credit-monitoring services and reporting.

  • Credit Score: Learn about the basics of a credit score, including how it can impact your future finances, how to get one and the basics of your score, report and history.
  • The Ultimate Guide on How to Improve Your Credit Score: Consumers who are building their credit score can explore what actions can impact your score, how to review your credit score and more.
  • Annual Credit Report: Knowing when and how to read your annual credit report is necessary to ensure your credit report is an accurate depiction of your financial activities. Learn why you need to do it, where to get it and how to read it so you can maintain a good credit profile.
  • The Guide to Credit Discrimination: Credit discrimination can happen to anyone and knowing how to spot it, your rights and how to file a complaint can ensure you never suffer the consequences.
  • Credit-Monitoring Services: Fraud can happen at any time and mitigating the risk by researching credit-monitoring services can help.

About the Author


Nathan Paulus is the director of content marketing at MoneyGeek. Nathan has been creating content for nearly 10 years and is particularly engaged in personal finance, investing, and property management. He holds a B.A. in English from the University of St. Thomas Houston.

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