Rise in Credit Scores Amid COVID-19 May Render Them Obsolete, Says Baker Institute Expert
May 13, 2021
May 13, 2021
HOUSTON, Texas, May 13 Expert -- Rice University issued the following news release:
Consumer credit scores steadily increased throughout 2020, but an expert from Rice University's Baker Institute for Public Policy says unintended consequences are emerging.
The jump in scores can be attributed to reduced credit utilization and lower consumer spending during COVID-19 shelter-in-place orders and quarantines as well as business closures leading to a lower demand for credit, . . .
Consumer credit scores steadily increased throughout 2020, but an expert from Rice University's Baker Institute for Public Policy says unintended consequences are emerging.
The jump in scores can be attributed to reduced credit utilization and lower consumer spending during COVID-19 shelter-in-place orders and quarantines as well as business closures leading to a lower demand for credit, . . .