Finance

BREAKING: US FICO Scores Hit All-Time High!? (DID YOUR CREDIT SCORE?)

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Why are FICO Scores Rising? BREAKING NEWS: the US FICO Scores are at an all-time high, which had us wondering – HOW and WHY this is happening during a global pandemic… AND did your credit score hit its all-time high too? If not, don’t worry, we’ve got 3 tips for boosting your credit score at the end of today’s episode, so be sure to watch it all the way through!

0:46 – Why Average FICO Credit Scores Hit Record Highs During The Pandemic
4:34 – Will high credit scores last after the Cares Act forbearance expires?
4:54 – Why the stimulus’ mortgage forbearance is screwing people over!
6:54 – 3 Tips For INCREASING Your FICO Score (Credit Score Boosting Tips)

Sources:
CNBC Make It – The average FICO credit score hit new record highs during the pandemic–here’s why:
https://cnb.cx/2Ge3YnW

How FICO Helps Protect Your Score During COVID-19:
https://bit.ly/3jBpgcB

Average U.S. FICO Score at 711, but Uncertainty Abounds:
https://bit.ly/3muzflO

USA Today – Why your credit score might be rising: FICO scores hit all-time high:
https://bit.ly/3kENtQQ

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Videos mentioned in today’s episode:

Stimulus is SCREWING People Over!! (Stay Away From Mortgage Forbearance and SBA Loans?)
https://www.youtube.com/watch?v=eVWajmUE7TE

Recession is HERE (and things will get worse!)
https://www.youtube.com/watch?v=4gHKVC7SmyQ

The TRUTH About FICO Credit Score (Credit Karma Vantage Score vs FICO Score)
https://www.youtube.com/watch?v=sQgCsRx58rM

STOP Making These 5 Mistakes With Your Credit!
https://www.youtube.com/watch?v=-NT00FppSBI

Get An 800 Credit Score in 45 Days For 2020!
https://www.youtube.com/watch?v=sTwr3zWdv48

Getting into Real Estate? Check out the Real Estate Investment Analysis Worksheet, a FREE resource that helps you calculate whether or not a property will be a money-making machine for you!
http://www.investmentanalysisworksheet.com

Want more actionable financial tips and tricks like this one? Check out our YouTube channel here https://www.youtube.com/vipfinancialed

Much like Robert Kiyosaki, VIP is all about utilizing leverage (via Debt Weapons) to increase cash flow through investing in all types of things, from real estate to small businesses. VIP differs in their approach to the follow-through, utilizing some of the things Dave Ramsey teaches – optimizing your cash flow by decreasing expenses – however VIP differs there too. We are all about maintaining the lifestyle design YOU want, all while optimizing your expenses through creative approaches. We’re all about the best of both worlds.

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#FICOScore #CreditScore #BreakingNews

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Robert Dunfee