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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. Those consumers with FICO® Scores between 550 and 599 as of April 2021 saw an increase of 7 points to their average score within the year span -- on par with the increase observed during the pre-pandemic period of April 2019 to April 2020. . by Ethan Dornhelm. expand_less Back To Top.

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Cash Flow Data Can Improve Credit Access with an UltraFICO® Score

Fico Collections

Thu, 08/22/2019 - 12:37. But the optimism around the potential of incorporating cash flow isn’t limited to FICO – we’ve been excited to see recent initiatives by the government-sponsored enterprises , for example, to consider cash flow as part of mortgage underwriting.]. FICO Admin. by Joanne Gaskin. expand_less Back To Top.

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Collecting in a Post-Pandemic Economy

Katabat

It was also stunning how rapidly loan loss reserves were built. 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. Until it didn’t… and the world turned upside down.