U.S. consumer credit scores see largest drop since the 2008 financial crisis
Jinse Finance reported that U.S. consumer credit scores have experienced the largest decline since the aftermath of the 2008 global financial crisis. According to a report released by FICO on Tuesday, the average FICO credit score in the United States dropped from 717 a year ago to 715 in April, marking the second consecutive year of year-over-year decline. The credit rating agency attributed the drop in scores to rising credit utilization and delinquency rates, including the resumption of reporting on student loan delinquencies. The student loan delinquency rate has reached a record high.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
No trading data for S&P 500 and Nasdaq 100 futures since 11:44
Next-generation digital finance AI assistant Minara is now officially open to users worldwide.
Current mainstream CEX and DEX funding rates indicate the market remains broadly bearish

