WSJ News Exclusive | Coronavirus Tanked the Economy. Then Credit Scores Went Up.

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The average credit score went up in July, after millions of Americans had lost their jobs. Reporting firms fear “there could be real damage” if Congress doesn’t reach a deal on additional aid for the unemployed.

Millions of Americans lost their jobs and skipped debt payments this year. You wouldn’t know it looking at consumer credit scores.

While the coronavirus was pummeling the U.S. economy, Americans’ credit scores—a metric used in nearly every consumer-lending decision—were rising. The average FICO credit score stood at 711 in July, up from 708 in April and 706 a year earlier, according to Fair Isaac Corp., the score’s creator. Early estimates suggest the average score has held steady through mid-October at the July level, which...

 

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So is there some trick in here bcuz WE aren’t seeing that? In fact TransUnion isnt even reporting one of our lines of credit therefore HURTING our credit. Sick of rich people getting benefits rest of us suffer!

Because you can't safely go to restaurants, concerts, movies, shop, and or travel. No one is spending money on anything fun. I blame Trump. Epic failure handling and getting this virus under control. Damn fool!

Call McConnell

Penny pinching pays dividends! Love seeing people take control of their own destiny despite COVID19 pennypinchers Savers winners

The end of last year it was announced that summer of 2020 there would be new models for determining credit scores

Ended a 7 year relationship with the breadwinner, have to cover rent by myself, lost my job, health insurance stopped covering my immunosuppressant... I just stopped turning my phone ringer on. SYNERGY BANK, YOURE THIRSTY.

World is on fire and are freedoms are being stripped away but at least credit scores are on the mend. Credit scores won't matter in a post apocalyptic democrat run world. You'll be able to just steal whatever you want in a 'protest'.

Time for Pelosi to step up for Americans and get stimulus done. Voters need to let Dems know they are done with her political games. Vote Republican all the way!

Minutiae hiding a far simpler overreaching problem TheCommonProblem StopTheSqueeze

You can only receive the Power of GOD when The HOLY SPIRIT comes upon you. SundayPrimeWord

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