Which age group has the highest credit score

Which age group has the highest credit score?

Last updated: 19 June 2018

So, you’ve got your score.

You may be pleased, you may be a little underwhelmed. You may wonder why it isn’t higher but there is another thing you need to bear in mind. It’s all relative.

Looking at the average score by age range is a perfect example. Whilst you may be 27 years old and nonplussed by your score of 725, this would actually put you over 100 points ahead of the average for your age range!


So, let’s look at the average credit scores across the Credit Savvy base by age range*:

18-24 years old – 628

25-34 years old – 622

35-44 years old – 638

45-54 years old – 657

55 years old and over – 736


The obvious pattern is that the average score increases with age, seeing a big jump in the over 55 bracket. A lot of this has to do with the length of credit history, basically the amount of time that people have had to demonstrate their credit worthiness.

The good news is that with Comprehensive Credit Reporting (CCR), it’s now easier to demonstrate your credit worthiness in a shorter space of time through a good repayment history.

Of course, when it comes to applications, a lender may use more than just your score but knowing where you stand and doing your research beforehand can be a good approach.

Talking of research, you can check out and compare hundreds of credit cards, personal loans, home loans, and business loans from leading providers right here on Credit Savvy.

Plus, you can always check where you stand on Credit Savvy in relation to your age range, postcode, state and indeed the whole of Australia in our See how you rank section. Check it out now or if you haven’t got an account, sign up for free today!


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*Average credit score data by age group based on Credit Savvy’s member base as of 19/06/2018 and does not reflect the entire Australian population.