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Florida Real Estate News – Credit scores hit record high

Florida Real Estate News – In April, the average U.S. credit score hit 700 as more bankruptcies drop off consumers’ reports. It’s the highest level since FICO began tracking data in 2005. Credit scores for U.S. consumers reached a record high this spring while the share of Americans deemed to be some of the riskiest borrowers hit a record low — a potential boon for lending and economic activity. Consumers’ improving fortunes reflect falling unemployment and continued, if lackluster, economic growth. An added benefit: The passage of time since the…

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