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Home » Credit scores got a boost in pandemic but lenders should be wary

Credit scores got a boost in pandemic but lenders should be wary

In the first year after Covid, higher savings enabled Americans to clear debts and close credit accounts

Bloomberg NewsbyBloomberg News
July 12, 2023
in Risk Management
Reading Time: 3 mins read
0
An image of a TransUnion office building

© Christopher Dilts/Bloomberg

The jump that many Americans saw in their credit scores over the past three years may be painting too rosy a picture of their financial health, according to a new study. Millions of consumers “dramatically” boosted their scores early in the pandemic, thanks to financial support from the government, research by credit reporting firm TransUnion […]

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Tags: covid19credit scoresFICOPremiumTransUnion
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