 Does an unpaid credit card get forgiven in 10 years? |
| Hi. Someone I know just got a letter about an account she owed money on 20 years ago. She thought she paid it off. I thought if you owed money on a credit card, that the debt is forgiven if you ... |
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 Do you like credit cards? |
| i know there handy - but does it give you a ... |
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 Whats the best credit card to apply for? |
| I haven't had income for a long time, but is there any chance I could be accepted?... |
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 What is the best way to deal with a collection agency on a debt aquired from citicard? |
| This account had an original ballance of $4700 and has not been paid on for over 3 years. The agency wants $3800. Is this negotiable? By how much?... |
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 I need to find out who an 800 number belongs too? |
| some one is taking money from my bank account and all i have is a 800 number and they don't answer when i call. No company name is give on the automated system ... |
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 What credit card is perfect for people with bad credit? |
| I am looking for a credit card but I have bad credit, and I can't afford them expencsive deposits for a credit card so what should I ... |
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 Can't pay credit card payments! Please help!? |
| Ok, so I know I have messed up my credit big time. Not to mention that my fiancé’s car got reposed (I co-signed). I am not working like I was a month ago and I can not afford to pay my credit ... |
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 Is the credit crunch going to spoil Christmas? |
| I hope not because I am a big lego fan and I want the newest sets.... |
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 Anyone no of this person?? |
Mr Richard Walters
Richards Loan Agency
United Kingdom
Tel Num:+447011137447
Fax Num:+447005978351
I have been approved by this person, for a loan, and was wondering if ... |
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 Is it easy to get a loan in USA if you never been there? |
| A thought crossed my mind.. So I got curious. I'm sure the interest rates in the USA is cheaper than Australia. So how easy (or hard) is it for a non resident to borrow money from a USA bank?... |
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| How do i find out about my credit? |
| ive gone 2 some web sites but they all need credit cards theres no site out there that dont need one 2 check your ... |
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 How do debt collector works? |
I have an international friend who stayed for 3 months with me and now she left for her country with a bill from debt collector coming to my apartment.
She had a car accident which was her at ... |
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 What's the best credit card to get? |
I have a Capital One right now but I want to know about different benefits and rewards they have. Im not too worried about the interest rate because I pay it off every month.
Additional D... |
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 Credit score? |
| has anyone used annualcreditreport.com before?... |
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 People in Debt?????? |
| How are people getting $30,000+ in debt? How do you still have credit to qualify for credit cards and things that put you into debt? I have one credit card that I owed $1100 on and I can't ... |
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 How can I stop my parents from pulling my credit report? |
| My parents are really nosey and I am well into my 20s and they have no business knowing my financial situation. Unforunately they have all my personal information - social sec #, maiden name (go ... |
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 Can I get adverse credit info removed from my background if it was for someone who I cosigned for? |
| I co-signed to help a friend purchase a motorcycle. He is still paying it off but has made a few late payments (over 30 days) and this is displayed negatively on my credit report. Can I get these ... |
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Bill D | What is the average americans credit score? |
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 |
 
whatever
|
Not a question that can be answered straight-forwardly. It all depends on how you run your statistics. If you go to FICO (the creators of the credit score) they will say the median score is in the low 700's (720 or so). But if you work in the financial industry on any level, you see mostly numbers in the 600's. Also, keep in mind that the average american consumer has 3 scores, not one. One from each of the main credit bureaus. So do you take all three scores from all american consumers and then average that out? Or take the low scores, or the high scores....you get the idea. Statistics can be twisted according to how you use the data and plug it into an equation. |
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whirlwind
 |
750 |
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AB
|
The median FICO score is 723. Go to http://www.myfico.com/ for more details.
NOTE:
Median and average are two different things if you ever took elementary math. Average is everybody's scores added together them divided by the # of scores. The median is the middle score.
For example, if the scores are 575, 580, 685, 720, 721, 730, 750, the median score is 720, the AVG is 680...see the difference??
Also, think about economics, the more people make, the less likely they need to take out loans vs people who make less tend to need to take out loans. |
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TheTruthAboutMortgage.com
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720 is the highest credit tier lenders and banks consider, so it's definitely not the average.
680 is still high, and anything below 660 is considered a bit on the low-end.
So the median fico score is likely between 660-680 for most Americans.
Learn more about credit, mortgage, and finance:
http://www.thetruthaboutmortgage.com |
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Molly323
 |
The average americans credit score is 675, Dont believe the people that are telling you over 700, thy dont know what they are talking about! |
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jynxx25
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To be more accurate, the national average is around 680. |
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Ex Head
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718 |
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NONAME
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these people are so full of shhit - anything over a 700 is an automatic approval without proof of income. must I see are between (600-650) |
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