NEW YORK (AP) New figures show millions more Americans have credit scores that could prevent them from getting credit cards, auto loans or mortgages under the tighter lending standards banks now use.
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.READ MORE: Possible Explosive Device Outside Oakland Courthouse Forces Evacuations, Street Closures
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FICO’s latest analysis is based on consumer credit reports as of April. FICO’s Andrew Jennings says scores didn’t used to be as volatile and historically, just 15 percent of the 170 million consumers with active credit accounts, or 25.5 million people, fell below 599.MORE NEWS: UPDATE: State Attorney General Opens Civil Rights Investigation into Santa Clara County Sheriff's Office
The number of consumers who have a top score of 800 or above has also increased in recent years.