Pandemic may have altered US credit score reporting – paper

Government support and spending changes improved many individuals' ratings, researchers find


The profile of US consumers who improved their credit ratings changed during the Covid-19 pandemic, researchers with the Federal Reserve Bank of St Louis find.

During the pandemic, several factors improved credit scores and created unusually low default rates, Juan Sánchez and Masataka Mori write. These included “forbearance programmes, limited spending during lockdowns and substantial government subsidies”.

There is evidence “individuals with high credit scores in the post-Covid period are

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