Poor credit score
There’s good news trending across the U.S. and it’s all about credit scores. According to a Washington Post article, the average FICO score is 704, which is a new record high. FICO’s vice president of scores and analytics, Ethan Dornhelm, said that Americans are “making more judicious use of credit” now that 10 years have passed since the financial crisis and housing bust.
Individuals with a FICO score of at least 704 will increase their likelihood of being approved for a mortgage. However, there’s still a chance that people with an average FICO score won’t qualify for a […] Read more