FICO Scores Hit Record High

Home / Blog / FICO Scores Hit Record High

Posted To: MND NewsWire

Lesson learned? Whether they saw their credit decimated by the housing crisis and the Great Recession or merely watched loan standards tightened beyond their ability to qualify, Americans seem to have taken to heart the importance of their credit scores. The result, FICO says, is that consumer credit scores have reached a new high, an average of 704 points. Kenneth Harney, in an article for the Washington Post's Writers' Group, quotes FICO Vice President of Scores and Analytics Ethan Dornhelm that Americans are "making more judicious use of credit." This means higher scores on the FICO model that weights them not only in terms of on-time payments but on the length of the credit history, the amount and type of credit a consumer has available, and how much of that available credit is being used...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Source: http://www.mortgagen...

3b906d1e c7e4 46fe bf41 197bd567f092 f2e4b3a9 3b28 47bf 8da0 4ed74f83895f 8556f2c4 c1e1 4dd5 a458 5069d5d5f440 6c176a18 493e 428e 8106 a808fdb133e3 19ae68e2 c596 4378 8fb0 e4b4156e713a 0a128262 b592 4b63 bb0a aadbe1032f26 bbc41368 27ed 4456 bd69 6e2adb0b74e1 9c9525d2 c23e 422e bdef bce01e4e6fc3 bccd086e 1daf 4981 9c3b fb89d16816a9 2530030f acc5 4210 a8d6 ad5240b3cd5f 1b00703d 7aac 4ed6 ad98 d0613e8267c0 2f47118f 3835 45a4 8764 a590f711e97b 5fe40ab9 0cac 466c a670 2d9ccb1f30c0 1104e61d 4b9c 47af bf2e bfe6ee235cc7 7bca5bc8 c6d7 483c 89fb c8fef2bacb43 6b477445 13c5 49ce ac3b d7d4dbaeb567 07e59061 0c50 4f12 aab1 4f830de9241c 3adb24e8 6eb6 49ab bb97 fba3d1828875 37e3dd64 dc6a 45da 81ea 257572bfa83b f7b61539 41a3 4c1b 9a3f 3139466bbc66 1f78c754 ef77 4b91 8c5d 62378ac5d71e e2019c34 67bb 4ff2 b2d7 6af4894cdc0a 2c177cc3 181e 4c33 bc67 3ddabccdbb6d