Americans’ credit scores are falling. Here’s how to fix it

American consumers are seeing their credit scores tumble slightly as they take on more debt and struggle with rising costs. In fact, Americans’ average credit score fell to 715, down two points year over year, according to the latest FICO Score Credit Insights study. The dip was primarily driven by spikes in delinquencies on auto loans, which jumped 24% since 2021, and credit cards, up 48% over the same time period. Additionally, credit utilization rates — the percentage of available credit a consumer us ...