Rss Feed
Tweeter button
Facebook button
Technorati button
Reddit button
Delicious button
Digg button
Stumbleupon button
Newsvine button

Credit Score – Facts in Nutshell

Credit Score Fast Facts:

  1. The average American has 13 credit obligations (mostly credit cards and loans).
  2. Forty percent of credit card holders carry a balance less than $1,000.
  • Fifteen percent have total credit card balances of $10,000 or more.
  • Less than 50 percent of people have ever been 30 days late or more on a payment.
  • Thirty percent have been 60 days or more overdue.
  • Twenty-three percent have had a loan or account 90 days or more past due.
  • Less than 20 percent have ever had a loan or account closed due to defaulting on payments
  • Source: www.myfico.com

    What is a FICO score?

    A FICO score is a credit bureau risk score produced from models developed by Fair Isaac Corp. to be used by lenders to assess the credit risk of prospective borrowers. The scores are derived solely from information available on credit bureau reports.

    Where are you in these facts?

    Related Posts:

    Leave A Comment...

    Easy AdSense by Unreal