According to figures provided by FICO Inc., as of April 1010, 25% of consumers (about 43 million people) now have a credit score of 599 or below, making them big risks for lenders. Iâm Russ Boyd and this number is up from the historical level of 15%. Interestingly, the number of consumers who have a top score of 800 or above has increased in recent years. Experts say this is mostly attributed to them cutting spending and paying down debt. Obviously, consumers on the lowest end of the scale are less likely to try to borrow to buy a house or qualify to refinance Distributed by Tubemogul.
