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Coronavirus Tanked the Economy. Then Credit Scores Went Up.

coronavirus-tanked-the-economy-then-credit-scores-went-up.

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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