And
in that low credit score group, consumers falling behind on credit cards but keeping pace with mortgage payments declined to 14.5 % in 2009 from 18.1 % in the first quarter of 2008.
Not exact matches
With a thousand - dollar iPhone being released next month,
low unemployment and a sky - high stock market, it's hard to imagine that a very large
group of people have never financially recovered from the great recession of 2008, stuck
in a cycle of week - to - week bill paying with few options to rebuild
credit scores and return to their families to traditional housing options.
The
group last made headlines
in December for taking
credit for the
low «Star Wars: The Last Jedi» fan
score.
Despite
low debts and a healthy utilization rate of available
credit, the city's
credit score remains below average for the
group, held down by defaults
in past years.
In addition, numerous studies have documented how, as a
group, African Americans and Latinos have
lower credit scores than whites.