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When credit scores drop, it is an indicator that a sizable number of consumers are having trouble with their finances,” one ...
More than 8 million borrowers have seen their credit scores drop because of student loan delinquencies, dragging down the ...
The scoring agency reported that the national average U.S. FICO score – used as a benchmark for assessing consumer credit ...
The average FICO Score fell in April, weighed by delinquent student loan borrower. More borrowers are expected to follow suit ...
The average U.S. credit score slipped nationwide ... delinquency in the past six months increased from 7.4% in January to 8.3% in February. That is the first time this figure has surpassed ...
A credit score is a three-digit number between 300 and 850 generated by a mathematical algorithm (a mostly secret formula) based on information in your credit report, compared to information on ...
For the first time in five years, federal student loan delinquencies were reflected on credit reports, pushing down the average U.S. FICO credit score in February.
Federal student loan borrowers should start repaying their loans so as not to affect their credit scores. A pause on credit ...
Fair Isaac Corporation is a high-quality, global analytics firm with impressive revenue and profit growth, but its stock is ...
More than 8 million borrowers could be impacted by ... Introduced in 1989, the FICO credit score is a three-digit figure used by the majority of lenders to determine how likely you are to repay ...
The average U.S. FICO credit score was 715 in February ... delinquency rates on all loans are now above the pre-pandemic benchmark of 8.1% in January 2020. In February, the percentage of consumers ...