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Loan Modification

: Mortgage Lender Implode-o-Meter

More Americans' credit scores sink to new lows

By Implode-Explode Heavy Industries

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"Figures provided by FICO Inc. show that 25.5 percent of consumers ? nearly 43.4 million people ? now have a credit score of 599 or below, marking them as poor risks for lenders. It's unlikely they will be able to get credit cards, auto loans or mortgages under the tighter lending standards banks now use."

Full post as published by Mortgage Lender Implode-o-Meter on July 12, 2010 (boomark / email).

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