Credit Scores Plummeting as Americans Face Financial Struggles

Tuesday, 19 March 2024, 19:00

Recent report from FICO reveals a significant drop in credit scores for the first time in ten years, indicating growing challenges among consumers to manage payments and savings. The decline signals a worrisome trend that reflects the financial struggles faced by many Americans, impacting their ability to maintain healthy credit profiles and financial stability.
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Credit Scores Plummeting as Americans Face Financial Struggles

Credit Score Decline: First Drop in a Decade

Credit scores have fallen for the first time in a decade as consumers struggle to make payments on time and save money, according to a recent report from FICO.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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