More Americans' credit scores sink to new lows

[mEDITate-OR:

not see what must be the most obvious chart in existence this year.

Or

wonder where those subprime & ARM loans are..., now that we need them.

So..., not only are the Banks not making loans, and we are not asking them for loans...

but, we probably can't get one even if we needed it.

Trouble, right here..., in River City...

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More Americans' credit scores sink to new lows

Monday, July 12, 2010; 12:48 AM

NEW YORK -- The credit scores of millions more Americans are sinking to new lows.

Figures provided by FICO Inc. show that 25.5 percent of consumers - nearly 43.4 million people - now have a credit score of 599 or below, marking them as poor risks for lenders. It's unlikely they will be able to get credit cards, auto loans or mortgages under the tighter lending standards banks now use.
http://www.google.com/hostednews/ap/article/ALeqM5g74qg6iCDzFlCHhjsiBGFIHAiJPQD9GTIVU80
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