: How will inflation affect Americans’ credit scores? FICO’s CEO weighs in
From a credit score point of view, Americans have fared exceptionally well during the pandemic. Since the start of the pandemic, Americans’ average Fair Isaac Corp (FICO) credit scores increased by eight points to 716.
The increase came as the government doled out trillions of dollars through stimulus programs and relief measures, coupled with consumers cutting back on spending partly because of coronavirus restrictions and business shutdowns.