Category Archives: Credit Scores

Why everyone should know their FICO credit score

Credit Report Error Lawyer in NYC

 https://www.cnbc.com/select/why-you-should-know-your-fico-credit-score-how-often-to-check/ Checking your credit reports for free at http://annualcreditreport.com/ is a good start But to know the score(s) used by most lenders — the FICO score(s) — consumers must look beyond just their free credit reports or even the Vantage scores offered by the credit bureaus.

Study: CFPB complaints shattered records in 2020, exposing how the COVID-19 pandemic battered consumer finances

Credit Report Errors Attorney - COVID-19 Finance Study

Confirmation of President Biden’s nominee Rohit Chopra will pivot agency back to only job: protecting consumers WASHINGTON — Consumer complaints about problems with financial companies such as banks, credit bureaus and debt collectors rose by more than 50 percent in 2020 and set new records for each month of the year, according to a new […]

FICO Changes Could Lower Your Credit Score

FICO Sample Score

https://www.wsj.com/articles/fico-changes-could-lower-your-credit-score-11579780800 Changes in how the most widely used credit score in the U.S. is calculated will likely make it harder for many Americans to get loans. Fair Isaac Corp., FICO -1.39% creator of FICO scores, will soon start scoring consumers with rising debt levels and those who fall behind on loan payments more harshly. It will also flag certain […]

Average FICO score hits record high—here’s the average credit score in every state

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https://www.cnbc.com/select/average-fico-score-hits-record-high-703/ Key Findings The average FICO score in the U.S. hit a record high of 703 in 2019 Minnesota residents have the highest average credit score for the eighth consecutive year at 731 Mississippi residents have the lowest average credit score at 667 59% of Americans have a FICO score of 700 or higher — […]