Wednesday, July 13, 2011

Best Consumer Credit Since ‘06 Reveals Loan Rebound

Credit scores across the country are on the increase, the average score, which is out of 850, rose to 696 in May which is the highest since 2006. The score is a measure of how likely a lender is to be paid back. This improvement allows people to borrow more money as fears about the U.S. economy diminish. It must be stressed, the economy must continue to grow and debts reduced, before it can fully recover.

No comments:

Post a Comment