How Inflation Is Affecting Americans’ Credit Scores
Soaring inflation has impacted the financial lives of countless millions of Americans. And although recent reports suggest that inflation may finally be slowing down, recent (and significant) price hikes in consumer goods and services have placed a heavy burden on many households. That means stuff is more expensive, but it’s stuff we still have to buy somehow. The rate of inflation doesn’t directly factor into consumer credit reports or credit scores, but inflation reduces the... read more »