New York CNN —
Even as unemployment remains historically low and recession fears fade, consumer credit scores are starting to buckle.
The national average FICO score dipped to 717 as of October, down from 718 in July, according to data released Wednesday by FICO, an analytics company that evaluates the strength of borrowers.
Although FICO scores remain near record highs — and well above pre-pandemic levels — this marks the first drop in a decade.
It’s another sign that at least some Americans are feeling financial stress. The cost of living remains high and
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