Yahoo Reports High Risk FICO Scores on the Rise

Increasing Account Delinquencies / Foreclosures Drive Credit Scores Down

A Yahoo report of July 12, 2010 indicates that a growing number of US consumers have the ranks of high risk borrowers (FICO score of 599 or less). Following increasing foreclosures and delinquent debts due to the high unemployment and underemployment rates of the down economy, this segment of credit scores has grown from the typical 15% of consumers to over 25% as of April 2010.

See http://yhoo.it/a89YNn for the Yahoo report.

Watch a TV news video of CBS 2 Boise interview regarding the report: http://bit.ly/agVBkQ.

Todd Christensen
Director of Education
www.NationalFinancialEducationCenter.org
Education@NationalFinancialEducationCenter.org
Facebook: MoneyDay2Day
Twitter: Day2DayMoney

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Published in: on July 15, 2010 at 10:04 am  Leave a Comment  

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