FICO credit score system updates to affect millions of Americans
Friday, June 13th 2025, 5:43:22 pm
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The company that turns your credit history into what’s known as a FICO score is updating how that number is calculated. These scores are used to determine whether you can receive a new credit card, or get a home or auto loan. Jill Schlesinger joins "CBS This Morning" to discuss a new report that shows the average U.S. FICO score hit an all-time high of 703 last year.
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