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Average U.S. FICO® Score Stays Steady at 716, as Missed Payments and Consumer Debt Rises

Fico Collections

and globally -- making access to credit more efficient and objective, which has continued into the present day. FICO® Scores are dynamic and evolve as changes in consumer behavior are reflected in the underlying credit bureau data housed and managed by the three primary U.S. consumer reporting agencies (CRAs). in April 2022.

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BNPL in Credit Reports: How Could This Data Impact FICO Scores?

Fico Collections

According to the research from Cornerstone Advisors , these point-of-sale short-term installment loans with low credit amounts have been increasing in popularity during recent years for retail purchases like clothing, household goods, electronics, and more.

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Círculo de Crédito Boosts Financial Inclusion In Mexico For 20M Citizens

Fico Collections

Finding a way to score millions without credit history. Círculo de Crédito , the fastest-growing credit bureau in Mexico, has used unique credit risk scores from FICO to boost financial inclusion in Mexico and help an additional 20 million citizens access credit.

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Key Driver Transforming The Debt Collection Agencies Market 2025: Rising Consumer Debt Levels Fuel Growth In The Market

Collection Industry News

These levels refer to the total amount of money owed by individuals to creditors and encompass various forms of credit, including credit card debt, personal loans, mortgages, and auto loans which can significantly impact financial stability and economic conditions. increase compared to the fourth quarter of 2023.

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What is a good credit score range?

Better Credit Blog

You probably hear all the time about how important a good credit score is. You’ve likely also heard that a good credit score is essential to getting a mortgage, or a good deal on a personal loan for a car. But what exactly is your credit score, anyway? And what even constitutes a “good” credit score range?

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