"FICO" stand for Fair Isaac and Company. Information is provided by 3 major credit reporting agencies:
- Equifax
- Experian
- Transunion.
- 35% is payment history.
- 30% is Amounts owed.
- 15% Length of Credit history.
- 10% New Credit.
- 10% type of credits used.
Most people 28% are in the 750 to 799 FICO score range. 19% are in 700 to 749. 16% 650-699. 12% 600-649.11% 800+. 8% 550-599. 5% 500-549. 1% up to 499.
Did you know that...?
The average number of credit obligations is 11?
Fewer than 4 out of 10 have ever had a 30 or more days late?
Only 2 out of 10 have ever had a 60 or more days late?
48% carry balances less than $1,000?
22% carry balances between $1,000 & $10,000?
and that 30% carry more than $10,000 of NON-mortgage related debt? (pretty sad statistics)
Just thought you'd like to know some interesting money matters stuff.
