Average U.S. FICO Score Dips As Consumers Struggle To Make Ends Meet
Tippett’s Snippet:
Credit rating is often a slippery slope. There are many misconceptions out there surrounding the calculation of your credit score rating and the algorithm used. As it pertains to real estate, a credit rating of 760+ is considered excellent. 720 is average and 680 or less is below average. The higher your credit rating, the less of a risk you are deemed. The lower the credit score, you can expect more risk attached, which can translate into higher costs and/or higher rate.
Click here for full original article, July 17, 2024 on Forbes.com