Credit score check. Despite the overall economic decline, the average credit score in the U.S. climbed 1% (seven points) in 2020, reaching a record-high score of 710, according to Experian data from Q3 2020. Cory Ayres, VP of Experian Partner Solutions, shared his take:“The pandemic impacted demand for credit differently across products. Financial literacy—not only about your credit score, but ways to future-proof through savings, investments and other tools–are paramount to reentering a post-pandemic world. Buy Now Pay Later (BNPL) is another industry that is skirting the traditional credit score and thriving.

Source: Forbes March 31, 2021 20:03 UTC