March 20, 2016
Good news for dealers looking to grow business by offering financing options to potential buyers – the average FICO credit score, a key component to financing decisions, is at an all-time high in the US. Based on a recent FICO blog there has been significant improvement in FICO scores since the Great Recession. The national average FICO score in April 2015 is at an all-time high of 695, up from a low of 686 in October 2009. The data for those two time periods also indicates that 19.9% of the population has a credit score of 800 or higher, […]