Americans' credit scores fall as they struggle to pay bills | WHAT REALLY HAPPENED

Americans' credit scores fall as they struggle to pay bills

From the third quarter of 2008 to the first quarter of 2009 — the latest data available — the average TransUnion credit score dropped 6 points to 651, the credit bureau says. Scores fell more dramatically in states hardest hit by the housing bust: California saw a 10-point drop, for example, and Arizona, 11.

"Consumers are feeling the bite of the current recession," says Ezra Becker, a director in TransUnion's financial services group. "With delinquencies showing up in credit files, it's not surprising that the average score is decreasing somewhat."

Webmaster's Commentary: 

The government and Wall Street created this mess; how come their credit scores don't seem to be affected?

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