A strong score usually leads to better loan terms and lower interest rates, whereas a weak score can limit (or even stop) ...

A recent Experian report found that the average credit score is 717; however, factors such as location or age can impact it.

According to Experian data, Minnesota is the state with the highest average credit score at 742. Wisconsin follows closely behind with an average score of 738, followed by Vermont at 737.

How well — or how poorly — Americans are managing their Buy Now, Pay Later loans soon could be reflected in their credit scores. FICO plans to launch a suite of credit scores later this year that ...