Average FICO Score of the U.S. Consumer Increased
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I was listening to a podcast about this on WSJ. Apparently, people’s credit scores across the U.S. have increased to a record high during the pandemic. As a result of the government stimulus payments and the general forgiveness of the banks toward late payments, people’s scores have gone up. What do you guys think about this? Do you think it will be easier/more convenient to get a home/auto loan in the future due to this change?