Consumers can expect a spike in lending and greater access to credit in the first half of 2021, TransUnion predicts
Consumers might be able to anticipate having more access to credit cards[1] and personal loans[2] through the first half of 2021 than they did amid the onset of the pandemic, according to TransUnion’s annual consumer credit forecast[3] released today. The dramatic slowdown of lending that we saw in the second quarter of 2020 is expected to rebound in Q2 2021,...
What is the Average Credit Score in the U.S. (Experian)
The average FICO® Score☉ in the U.S. rose to 711 in 2020, according to Experian data from October. That’s an eight-point increase from 2019 and is the most significant spike since 2016 when the average FICO® Score grew by four points from the prior year. Credit scores have been on the rise for the past decade (the average FICO® Score...
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Advance America: The Quick and Dirty Guide to Understanding Credit Scores
LOS ANGELES – October 23, 2020 – ( Newswire.com[1] ) A good credit score allows people to buy their dream homes, rent nice apartments, get better terms on debt, and even secure employment in some industries, improving one’s overall financial wellness[2]. But it’s often difficult to determine why someone’s credit score moves up or down. Once you know what credit...
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