October 25, 2020
Business News

The average FICO credit score hit new record highs during the pandemic—here’s why – CNBC

The average FICO credit score hit another record high of 711 in the U.S. in July several months into the global coronavirus pandemic, according to the latest research from the popular scoring company. 
It may sound crazy that FICO scores actually went up at a time when tens of millions of Americans were unemployed and struggling to pay bills and loans. But when looked at in aggregate, FICO scores don’t shift rapidly, says Ethan Dornhelm, who leads the research and analytic development of FICO s…

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