Average American Credit Score Rises To All-Time High!

[Anonymous 6]

http://www.breitbart.com/economics/2017/07/11/cnbc-average-fico-credit-score-hits-all-time-high/

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According to a report from CNBC, American credit scores are at an all-time high.

According to FICO, a commonly-used credit scoring service, the average national credit score has reached 700 for the first time. Credit scores range from 300 to 850, and a credit score of 700 is generally considered to be desirable.

Credit scores are used by lenders to assess how much of a credit risk an individual presents to the lending institution. According to CNBC, 700-749 is considered “good credit,” while 650-699 is considered “fair credit.” Anything above 750 is considered “excellent credit.” Credit scores are determined by an individual’s history of paying credit payments on time.

According to FICO’s Vice President for Scores and Analytics, Ethan Dornhelm, a credit score of 700 will allow consumers to “qualify for the credit they want at favorable terms.”

FICO also reports that credit card balances and delinquencies are on the rise. Average credit scores fell as low as 686 during the Great Recession after a dramatic increase in foreclosures.

So you might be able to afford that new boat after all. What are your thoughts??

[ghostParticipant]

It’s a good thing but just need to ensure we don’t get too carried away or else we will end up repeating the past.

[Anonymous 42]

That’s because guys like us have paid them off and gave them a matching set of these;

[CarnageParticipant 22113]

My credit score is 0

I have no debt and never will. (I hope)

To those following me, be careful, I just farted. Men those beans are killers.

[Anonymous 6]

Carnage wrote:

My credit score is 0

I have no debt and never will. (I hope)

Well I haven’t set up you an account anywhere yet. Your mother and I have discussed it tho son.

[MGTOW KnightParticipant 7477]

Damn @carnage and @venom

Two of my favorite Spider-man villains in one place? Badass!

Fuck bitches... literally and metaphorically

[Solo MAN’S WisdomParticipant]

There’s probably a direct relationship between improving credit scores and the decreasing marriage rate here in the USA.

When women lead, destruction is the destination. -- Me.

[BeerParticipant 11832]

I thought I read somewhere recently that the formula for calculating credit scores was being changed…I wonder if that has anything to do with it.

Carnage wrote:

My credit score is 0

I have no debt and never will. (I hope)

You can’t have 0 😛

[Author]

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