The no-fee stock trading app Robinhood was hit with class-action lawsuits Thursday almost immediately after restricting the trading of stocks popularized by a Reddit forum. Several Robinhood users filed separate lawsuits against the brokerage app.
Congress included up to $284 billion toward the small business loan program as part of the Covid-19 relief package that went into effect near the end of 2020.
The survey shpws the effect of the pandemic on consumer credit markets, with most credit application and acceptance rates falling sharply after February 2020.
The pandemic has wreaked havoc in businesses, financial markets, travel and social life, schools and more in recent months. But when it comes to credit cards, there’s some good news. Debt has been decreasing and now the average U.S. FICO® Score has increased to 711 on average.
Netflix customers can possibly improve their FICO® Score by adding their positive payment history through Experian Boost. It already allows consumers to receive credit for paying their cable bills, so paying for a video streaming service is something similar and paying it timely every month could add a few points on your score.
The FICO Resilience Index operates on a scale of 1 to 99, with lower scores indicating greater financial resilience in an economic downturn. Consumers with scores in the 1 to 44 range are viewed as the most prepared and able to weather an economic shift.