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...

0f549c5f f259 45aa 9003 f5dc591db320 34b98e35 710a 44ed aa23 8c8f31c77787 32391754 cfc7 4aae 9528 28f4dc6fb70e 91b573f1 b994 4a7c 8d20 afd37e9fea9d 05fd97e4 678b 47f5 ab62 3824cff86a35 6a290b29 8e30 4ca6 b85f 18fc49404f5c c3841878 d6d0 4067 86ae e713ff84c511 e46fa099 bfc7 44e0 a0dc 2d17068e9e3d 311aaa39 c560 4f09 9a2a 221ffd85b651 cdbec54d 5751 43be b473 7a3037b751e3 6e8759b7 9eed 412a aadd 26c977385a0b 219650ad f02b 4f2a b7ee 9d2a4f423758 9c1d891a 3743 4beb ab9b 52f37a3e439f 11cd2902 9f11 454b 9032 95db568647a4 aa500a30 22cb 4527 a063 6b7b7361cee7 83e011b4 724b 4570 8c26 574c0626304f afd123fb 807f 41de af86 b76e65ced87d 01136f67 2046 40ce 96de 303983d6b9f8 a55f3444 a3f9 4501 a1ce 7cd051eb9fb3 cde4f40b 711d 4599 a5a9 8d02ca8b1263 956c67b6 34b7 4072 a43f c7c25ece5519 49d66728 aaad 4fbd 9b6a 694c0133534a f875d60e 5391 402c b4e5 4581f596b9de