Close to 1/4th of US consumers have sub 600 FICO scores, which is more than the average over the last couple years.
Fair Isaac & Co's new figures compiled from 2008 to 2010 showed that the biggest deterioration in credit grades came in two categories: 550 to 599, and 500 to 549.
Needless to say that a mortgage is most likely out of the question for anyone in these groups.
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