Posts Tagged ‘High FICO Score’

People With High FICO Scores More Likely To Default On Mortgage Than Credit Cards

A FICO  report released in February of this year reveals that people with high FICO scores (between 760 and 850) have a higher default rate on mortgages than on credit cards. From May through October 2009 the default rate for this group was .32 percent for mortgages and .12 percent for credit cards. This is an increase as compared to .08 percent for mortgages and .10 percent for credit cards in 2007.

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