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Message
US Population and Credit Scores
Posted on 5/4/11 at 10:26 pm
Posted on 5/4/11 at 10:26 pm
280 - 559 (Poor): 12 % of Population
560 - 659 (Fair): 21 % of Population
660 - 724 (Good): 18 % of Population
725 - 759 (Very Good): 12 % of Population
760 - 850 (Excellent): 37 % of Population
Courtesy of Equifax.
My conclusion. A lot of OT'ers are living lies.
560 - 659 (Fair): 21 % of Population
660 - 724 (Good): 18 % of Population
725 - 759 (Very Good): 12 % of Population
760 - 850 (Excellent): 37 % of Population
Courtesy of Equifax.
My conclusion. A lot of OT'ers are living lies.
This post was edited on 5/4/11 at 10:27 pm
5
Posted on 5/4/11 at 10:29 pm to Will Cover
774 for me at 23 
/brag
I'm kind of surprised the largest group is the excellent though. Would've expected Good to be the largest group, being sort of an average rating.
/brag
I'm kind of surprised the largest group is the excellent though. Would've expected Good to be the largest group, being sort of an average rating.
Posted on 5/4/11 at 10:33 pm to TiGeRTeRRoR
That's a very good score, regardless of your age.
Where did you get your score from?
Where did you get your score from?
Posted on 5/4/11 at 10:43 pm to Will Cover
I don't remember which ones were which, but my three scores were 760, 770, and 790 I believe...well it was when I got a loan for my house last summer.
Posted on 5/4/11 at 11:54 pm to Will Cover
of course, many companies (even equifax) use different scales for consumer scores.
meaning, a 700 on the scores you check might not transfer to a 700 when the bank checks it.
meaning, a 700 on the scores you check might not transfer to a 700 when the bank checks it.
Posted on 5/5/11 at 7:16 am to TortiousTiger
we just got ours after doing our home loan for our new house...813 outta 818, experian
Posted on 5/5/11 at 7:22 am to TiGeRTeRRoR
My son has an 805. My constant bitching about fiscal responsibility paid off. He closes on his first house in 3 weeks. He's a happy camper.
Posted on 5/5/11 at 7:27 am to TiGeRTeRRoR
quote:
774 for me at 23
Not saying you are lying but this is pretty unlikely for your age.
I have done everything by the book, never been late on anything, accounts open since I was 16 and kept my debt to income ratio low. My score is in the 730's.
I'm 27
Posted on 5/5/11 at 12:37 pm to I Love Bama
quote:
I have done everything by the book, never been late on anything, accounts open since I was 16 and kept my debt to income ratio low. My score is in the 730's.
I'm 27
My wife is a few years older than you, but her scores are as follows:
808 EQ
807 TU
799 EP
Posted on 5/5/11 at 1:24 pm to Will Cover
I would like to see that broken down by state.
Posted on 5/5/11 at 1:36 pm to TigerintheNO
If I had a guess, I would say the worst offenders are in the deep south, w/ the exception being Cali.
Posted on 5/5/11 at 3:09 pm to RollTide4Ever
Nevada should win out on the per state argument. Them and Jersey....
Posted on 5/5/11 at 10:17 pm to Will Cover
quote:Check the scores for the first time about 3 months ago. Wells Fargo gave all 3 to me for about $5 when my account was compromised. 774 was the highest, think the other two were about 765.
Where did you get your score from?
quote:Same at 17. I do use my credit cards pretty frequently though. Also, haven't bought a house, I've heard that lowers your score some.
I have done everything by the book, never been late on anything, accounts open since I was 16 and kept my debt to income ratio low. My score is in the 730's.
quote:I'd guess a state like West Virginia or maybe Mississippi would have the worst.
I would like to see that broken down by state.
This post was edited on 5/5/11 at 10:19 pm
Posted on 5/5/11 at 10:32 pm to TiGeRTeRRoR
quote:
Same at 17. I do use my credit cards pretty frequently though. Also, haven't bought a house, I've heard that lowers your score some.
A mortgage will actually help a little.
Posted on 5/6/11 at 7:58 am to Will Cover
That data is incorrect. Not sure what Score Model you are showing, but I have all of the data right here from all 3 bureaus for all score models due to the regulation that went into affect in January.
If we are talking about the Equifax Beacon score, which those that use EFX usually use, only 1% have over an 810. This data came directly from the bureaus.
I can provide the real breakdown if you are interested.
If we are talking about the Equifax Beacon score, which those that use EFX usually use, only 1% have over an 810. This data came directly from the bureaus.
I can provide the real breakdown if you are interested.
Posted on 5/6/11 at 9:38 am to HeadyMurphey
I pulled it from their website, but please post what you have.
Posted on 5/6/11 at 10:14 am to Will Cover
Again, this is only for the EFX Beacon score. The bureaus only calculate this on a yearly basis right now. Every borrower that is "Risk Based Priced" (which is everyone) has to receive a disclosure with the score used and this percentage.
Min Max Better Than _ % of US Pop.
315 483 1%
484 495 2%
496 503 3%
504 509 4%
510 515 5%
516 520 6%
521 525 7%
526 529 8%
530 533 9%
534 537 10%
538 541 11%
542 545 12%
546 549 13%
550 553 14%
554 557 15%
558 561 16%
562 565 17%
566 569 18%
570 574 19%
575 578 20%
579 583 21%
584 588 22%
589 593 23%
594 598 24%
599 603 25%
604 609 26%
610 614 27%
615 619 28%
620 625 29%
626 630 30%
631 635 31%
636 640 32%
641 645 33%
646 649 34%
650 654 35%
655 658 36%
659 662 37%
663 667 38%
668 671 39%
672 675 40%
676 678 41%
679 682 42%
683 686 43%
687 690 44%
691 693 45%
694 697 46%
698 701 47%
702 705 48%
706 708 49%
709 712 50%
713 715 51%
716 719 52%
720 722 53%
723 725 54%
726 727 55%
728 730 56%
731 733 57%
734 735 58%
736 738 59%
739 741 60%
742 744 61%
745 747 62%
748 750 63%
751 752 64%
753 754 65%
755 755 66%
756 757 67%
758 758 68%
759 760 69%
761 762 70%
763 764 71%
765 766 72%
767 767 73%
768 769 74%
770 771 75%
772 772 76%
773 774 77%
775 776 78%
777 777 79%
778 779 80%
780 781 81%
782 783 82%
784 784 83%
785 786 84%
787 788 85%
789 789 86%
790 790 87%
791 791 88%
792 792 89%
793 793 90%
794 796 91%
797 797 92%
798 799 93%
800 801 94%
802 802 95%
803 805 96%
806 806 97%
807 809 98%
810 810 99%
811 999 100%
If you want other score types, let me know
Min Max Better Than _ % of US Pop.
315 483 1%
484 495 2%
496 503 3%
504 509 4%
510 515 5%
516 520 6%
521 525 7%
526 529 8%
530 533 9%
534 537 10%
538 541 11%
542 545 12%
546 549 13%
550 553 14%
554 557 15%
558 561 16%
562 565 17%
566 569 18%
570 574 19%
575 578 20%
579 583 21%
584 588 22%
589 593 23%
594 598 24%
599 603 25%
604 609 26%
610 614 27%
615 619 28%
620 625 29%
626 630 30%
631 635 31%
636 640 32%
641 645 33%
646 649 34%
650 654 35%
655 658 36%
659 662 37%
663 667 38%
668 671 39%
672 675 40%
676 678 41%
679 682 42%
683 686 43%
687 690 44%
691 693 45%
694 697 46%
698 701 47%
702 705 48%
706 708 49%
709 712 50%
713 715 51%
716 719 52%
720 722 53%
723 725 54%
726 727 55%
728 730 56%
731 733 57%
734 735 58%
736 738 59%
739 741 60%
742 744 61%
745 747 62%
748 750 63%
751 752 64%
753 754 65%
755 755 66%
756 757 67%
758 758 68%
759 760 69%
761 762 70%
763 764 71%
765 766 72%
767 767 73%
768 769 74%
770 771 75%
772 772 76%
773 774 77%
775 776 78%
777 777 79%
778 779 80%
780 781 81%
782 783 82%
784 784 83%
785 786 84%
787 788 85%
789 789 86%
790 790 87%
791 791 88%
792 792 89%
793 793 90%
794 796 91%
797 797 92%
798 799 93%
800 801 94%
802 802 95%
803 805 96%
806 806 97%
807 809 98%
810 810 99%
811 999 100%
If you want other score types, let me know
Posted on 5/6/11 at 10:42 am to TiGeRTeRRoR
quote:
774 for me at 23
When I was raking fat commission checks & salary checks each month doing mortgages at that age, I didn't give a sh!t about credicks scores that didn't belong to my customers.
Like Randy Moss, I dealt in "Straight Cash, homey."
Fell into that trap, bigtime. Could've paid off student loans & had ZERO need for a Credit Card. Could blow my money one month because it just motivated me to go make it all back the next.
When I saw the canary in the mineshaft back in 2007 & realized that the beginning of the end was nigh in that industry, I had ignored the heck out of my bills & credit.
Took a staggering paycut in August of '07, but my job is absolutely recession-proof, & taught me the value of actually saving financially the way I always preached to my customers (I never had to walk that walk with the money I made).
It has been a bitter pill to swallow, but I'm now completely liquid, & I ain't looking back. Wish I would've known better, but hey, I knocked almost everything off a bucket-list I never even knew existed when I was young & dumb. Had a ton of fun that I absolutely do not regret.
If you're 23 & at that point, credit-wise, my best advice: Unless its a house or an automobile (preferably a truck, IMO), or an AMEX or other credit card with a good points program, don't use your credicks if you don't have to.
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