Credit Scores Are Dropping Fast — What It Means for Greensburg Families
Credit scores across the U.S. are falling at the fastest pace since the Great Recession, according to CNN Business and new FICO data. With the cost of living climbing, student loan payments resuming, and debt piling up, many Greensburg and Westmoreland County families are finding it harder to keep up — and it’s showing in their credit reports.
At Willis & Associates, led by Attorney Lawrence Willis, we’ve seen how quickly falling credit can spiral into repossessions, foreclosure threats, and wage garnishments. Our Greensburg bankruptcy attorneys are here to guide you through every option, including Chapter 7 bankruptcy, Chapter 13 bankruptcy, and other debt relief solutions.
The Numbers Behind the Decline
The national average FICO score fell by 2 points in 2025 — the steepest annual drop since 2009.
It’s the second straight year credit scores have declined nationwide.
Late payments on auto loans, credit cards, and personal loans are driving scores lower.
Why It’s Happening
Rising cost of living — groceries, gas, and housing are stretching family budgets thin.
Student loan payments — after years of forbearance, millions are back to making monthly payments.
Delinquencies — more borrowers are falling behind, leading to sharper score drops.
Why This Matters in Greensburg
Your credit score impacts more than just borrowing. It affects:
Your ability to buy or refinance a home in Westmoreland County
