Housing values have dropped remarkably, unemployment is spreading, delinquent credit card debt proliferating…In short, folks are losing their jobs or otherwise being squeezed financially. The average credit score was in the mid-600s a year or so ago. It’s bound to have dropped and as the economy worsens, the average score is likely to continue downward. Yet another issue about which to worry, eh? If banks, auto store and so forth continue to issue credit on an older basis, what then?
Just thought I’d give you something more to consider.
