Credit DebtAverage Credit Scores by Race
Studies of average credit scores show substantial disparities among different racial and ethnic groups. This article looks at those disparities and some possible reasons for them. Key Takeaways Credit scores do not factor in age, race, income, or place of residence. Other factors used to calculate credit scores can disproportionately affect certain racial groups. Credit scores generally favor mortgage holders over renters. White-Americans have the highest average credit scores, followed by Hispanics and then Blacks....