fico
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Average FICO Credit Score Reaches New Highs During Pandemic
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.
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FICO Introduces New ‘Resilience Index’
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.
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What Is The FICO Score And What Can You Do To Improve It
Your FICO score is one of the most important numbers when it comes to your finances. Whether you’re buying a home, a car or applying for a credit card – lenders want to know the risk they’re taking by lending you money. FICO Scores are the credit scores used by 90% of top lenders to determine your…
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American Express Now With Free FICO Score For All Cardholders
American Express, the largest U.S. credit card issuer by purchase volume is showing its cardholders their FICO score. American Express began showing all its consumer charge card and credit card users their FICO score for free this week. It follows on the footsteps of Citi, Discover and Chase, which had already begun showing the scores to their cardholders.
