Credit Scores Are Dropping Fast — What It Means for You
Credit scores are falling at the fastest pace since the Great Recession, according to CNN Business and new data from FICO. With the cost of living rising, student loan payments resuming, and debt piling up, many households are finding it harder to keep up — and it’s showing in their credit scores.
At Willis & Associates, led by Attorney Lawrence Willis, we’ve seen how quickly falling credit can spiral into repossessions, foreclosure threats, and wage garnishment. That’s why our Pittsburgh bankruptcy attorneys are here to guide you through your options, whether it’s Chapter 7 bankruptcy, Chapter 13 bankruptcy, or other debt relief solutions.
The Numbers Behind the Decline
The national average FICO score dropped by 2 points in 2025 — the steepest annual drop since 2009.
This is the second year in a row that credit scores have fallen nationwide.
More borrowers are falling behind on auto loans, credit cards, and personal loans, putting additional strain on their finances.
Why It’s Happening
Rising cost of living — groceries, gas, and housing continue to stretch budgets.
Student loan payments — millions are now paying monthly student loan bills again after years of forbearance.
Delinquencies — more people are falling behind on car loans and credit card payments, leading to score drops.
Why This Matters for Pittsburgh Families
Your credit score impacts everything from your ab
