Credit scores just plunged at fastest pace since Great Recession — how does your FICO compare to the new average?

The big hit, however, came from student loan delinquency, which disproportionately affects Gen Z. FICO showed the student loan delinquency rate reaching a record high of 3.1% this year, with Gen Z carrying 34% of the open student loans. Overall the cohort posted an average credit score of 676 — nearly 40 points lower than the national tally.Personal loan delinquency reached 6.1%, which the report notes is higher than 2019 numbers (5.6%) and just slightly lower than the Great Recession (7%), and mortgage and ...