Fewer people have terrible credit scores
09-19-2012 01:57 PM
"As more people cut back on taking on new debt and others ditch credit altogether, fewer are ending up with rock-bottom credit scores.
Compared to last year, about 1.4 million fewer people are now in the lowest FICO scoring range,according to new data from FICO (FICO), the most widely-used credit scoring metric. This year, just 14.2% of consumers fall into the 300 to 549 score range."