Something devastating is happening to American's credit scores right now. This is something the

mainstream media doesn't want to talk about. Certainly the Biden administration doesn't

want to talk about how Americans' credit scores have fallen for the first time in a decade,

and this is not pie in the sky. This is according to a new report by FICO. Yes,

the new FICO data says that, quote, the effects of high interest rates and persistent inflation

may be starting to weigh on consumers, especially those already struggling to manage their finances,

basically trouble paying their bills. Now, the FICO report found that the national average

credit score dipped to 717 in October of

2023. Well, it's not a big drop. Again, it is notable that this is the first time this has

happened in a decade. This is a major indicator that people are struggling with debt right now,

as well as their overall finances. This drop is said to reflect the Americans are accruing more debt

and they're missing more payments. They're just saying, I can't make this payment this month.

I've got to skip this month. And that, of course, is adversely affecting their credit score.

And then one month turns into two months, two months into three months. I know I've been there.

My credit score was in the 500 range at one point, and I had a massive

amount of debt. This is what happens. This is what happens when there's a none of the money

coming in, and the cost of everything continues to go up. So the idea of the credit score is something

that I've been talking about a lot on this channel this year, especially after consumer

credit card debt recently reached $1 trillion in the second quarter

of 2023. Predatory. Americans are being crushed under this. The writing is on the wall.

Americans are really struggling with consumer debt. And I think it's really predatory that these

credit card companies are even allowed on college campuses, really targeting young people,

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