U.S. credit scores hit new high while household debt skyrockets

THE AVERAGE AMERICAN FICO score was 704, its highest point ever while total U.S. household debt hit a record $13.3 trillion in the second quarter. / BLOOMBERG NEWS FILE PHOTO/DANIEL ACKER
THE AVERAGE AMERICAN FICO score was 704 this week, its highest point ever. Meanwhile, total U.S. household debt hit a record $13.3 trillion in the second quarter. / BLOOMBERG NEWS FILE PHOTO/DANIEL ACKER
NEW YORK - Almost a decade after the average FICO score hit a low of 686 in the aftermath of the Great Recession, the number is at its highest point ever, 704. The new record marks an eight-year streak of increases, trailing America’s recovery from its financial near-death experience. Fueling the rise is the fact that fewer…

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