Nearly 50 Million Americans Now Have Subprime Credit Scores As Debt Delinquencies Rise

Nearly 50 million Americans now have subprime credit scores below 600, limiting their access to loans and credit
1.2 million more Americans fell into the subprime category over the past year due to rising costs and missed payments
A third of Americans now have top "prime" credit scores, but this group is shrinking as more shift down or up
Early credit card delinquencies rose over 1% for the first time since 2020, showing households struggle with debt
To raise your score - pay bills on time, keep credit utilization below 30%, monitor your score, and ask for higher limits