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FICO Scores Reveal Slow Economic Recovery

Our FICO Labs team has taken a fresh look at national distribution of FICO Scores. With a couple of interesting exceptions, we found that consumer scores are continuing their slow return to a pre-recession pattern.       The first two years of the recession (2008-2009) moved the scores for millions of people into the lowest (300-499) and the highest (800-850) segments of the FICO Score range. Correspondingly fewer people had scores in the middle range (600-749). In an earlier post, I explained why these separate shifts happened.   This flattening of the distribution curve peaked in 2009-2010 and has since slowly been reversing. However, the latest numbers suggest two unusual patterns in this recovery. First, the quantity of people with very low … [Read more...]

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