Remove 2020 08
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Average U.S. FICO® Score Stays Steady at 716, as Missed Payments and Consumer Debt Rises

Fico Collections

Tue, 08/30/2022 - 12:00. Looking back to 2020, the average FICO® Score increased most notably for consumers with FICO® Scores between 550 and 699. For example, consumers with FICO® Scores between 550 and 599 saw a score increase of up to 20 points from April 2020 to April 2021. by Ethan Dornhelm. expand_less Back To Top.

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Dock Stops Over USD$50m a Month in Fraud Using FICO Technology

Fico Collections

Dock began implementing Falcon Fraud Manager in 2019 and added CCS in 2020. By detecting over USD$50 million in fraud each month, our solution is delivering tangible value to lenders and helping to secure the financial system for all.” FICO® Falcon® Fraud Manager which protects more than 2.6

Retail 52
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Collecting in a Post-Pandemic Economy

Katabat

In the 3 quarters from 4Q 2019 through 2Q 2020 industry reserves more than doubled, and in that time went from a generational low (1.15% in 3Q 2019) climbing to nearly 60% of the 2008 recession peak by mid-2020. It was also stunning how rapidly loan loss reserves were built. The world of credit seemed headed for some very dark days.