There is good news and bad news about the credit scores of Americans. The good news is that the percentage of people (17.9%) with credit scores of 800 or more has increased in recent years. However, the percentage of people (25.5%) whose scores are 599 or below also has been on the rise, according to figures released July 12 by FICO, the company that compiles credit scores.
That means more people are at risk of being turned down for credit cards, mortgages and other loans. So, do you know your credit score? If you don't, finding this numerical summary of how much you owe and how promptly you pay your bills is easy. See our quick and easy recipe for getting your score.
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