I had to go to the ER during college for a blood clot while uninsured and couldn't pay for it. It tanked my credit score and I'm slowly getting back to a good place.
Wonderful system really. /s
Wonderful system really. /s
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The average credit score by age, state, and year
- Thread starter Forerunner
- Start date
849? I'm surprised you can get that high. I have a perfect record. And im in my mid to late 30s, and literally the reasons for not being higher than 810 are things like "have more debt balance". Which is like nah, that's the point. I only don't pay off things fast that are below inflation.
Yeah, I'm at 586 thanks to this and no end in sight.
Can't wait to get endlessly auto-denied on housing applications in a few months here. Love living in constant fear and poverty.
some places say im 801, others say 799. Stupid tjmaxx card whose autopay didnt work and didn't notify me of a $5 late fee got eventually sent to collections a few years back causing my score to take a big hit. Only started to get to my old score these past few months
I don't know why mine isn't excellent. I've never done anything late. Always pay my credit card down (now multiple times a month). Very little loans (really no reason to pay off my student loans now). I honestly thing I've been punished for being too perfect.
My S/O on the other hand has at times had a large amount of credit card debt, although now it's all paid off, and she has loans too but her credit score is >840. I don't know how. Maybe the credit cards like that they've made some real money off of her.
I think the system is horrid and should be abolished.
My S/O on the other hand has at times had a large amount of credit card debt, although now it's all paid off, and she has loans too but her credit score is >840. I don't know how. Maybe the credit cards like that they've made some real money off of her.
I think the system is horrid and should be abolished.
Because banks and credit companies want people to be financially irresponsible
How many accounts do you have?
What are the ages of the accounts?
How many credit pulls have you had?
All of this factors in. Your SO might have more debt, but as long as they pay it all on time, it's not seen as a risk (as long as the ratio isn't too high).
The only thing I can otherwise figure is it could also be that I opened 2 lines of credit in the last few years simply for the hundreds dollar bonuses. But my credit score has barely moved more than 20 digits in many years.
When we searched for a car loan from >12 different banks and I incurred thousands more dollars in debt my credit score jumped >50 points. But the next month it was back down to usual.
Car loan is now paid off and my score maybe went up 1 point (but down ~40 from the peak right after getting the loan).
This is the highest I have ever heard/seen someone have. I sit around 829ish. 35 years old. I am very curious if you did anything extra to get up that high or just made smart decisions over many years.
At around 820. I think once I pay off the little amount I have in student loans, it'll be higher.
I had a pretty good one till the pandemic wrecked my situation up and I had to choose between rent, food and bills. I've been too scared to look at it
The exact opposite for me. I knocked out half my debt in two months and my score barely moved up 9 points. Then dropped down 4 points afterwards. I dont get it.
Paying off credit lines in full and also closing accounts can actually drop your score. Maintain a balance of less than 30%, but maintain a balance while making monthly on time payments to get the best use out of your credit cards.
Credit cards since 18 and I've never paid credit card companies a dime , they've paid me though. Last time I check it was 805
Mine fluctuates between 775 - 800ish, at least in the past year or two. It's not bad considering the only debt I have is credit cards that I pay the full statement balance off each month. If I had a mortgage or car loan it would probably be higher, which is nonsensical to me but that's how the game is played I guess.
No. You're probably the most honest. Keep at it. You can always improve it.
Mine's 773. Surprised how high the average is. Having trouble breaking past the 800 barrier since i don't have enough debt history.
750. And I'm above the median for every metric in the article too ... so, that's good I suppose.
808 according to my bank. It isn't do shit outside of give me a ton of credit card offers.
I would happily sell credit points if I could.
I would happily sell credit points if I could.
The system is designed to encourage living on debt, not saving. Having debt and paying off interest is more desirable for banks than having no debt, it means you're a good income stream.
that shit ain't gonna help you from being poor... when you're living paycheck to paycheck you don't give a fuck about credit score or any of that shit. You just care if you have a roof over your head, car for work or food on your table.
A little over 800 in my mid-30's here in the PNW. Took me about 7 years to get from 680 to this point and it gets me easy rental applications and endless credit card/bank loan offers.
742 now. Took a hit last year moving cross-country and put the moving expenses on credit (would rather have liquid cash for emergencies), but that's mostly fixed now.
Anonymous polls on ERA so people would really only be lying to themselves.
It's probably this. My old school was chopping vocational stuff over a decade ago. I doubt any of that still gets taught.
No shame. Shit's hard.
Anonymous polls on ERA so people would really only be lying to themselves.
It's probably this. My old school was chopping vocational stuff over a decade ago. I doubt any of that still gets taught.
No shame. Shit's hard.
Mine was steadily in the 750s until I bought a house two years ago, and it went up to 815 after paying my mortgage on time and whittling down my student loans by a good amount during this forbearance period.
Not sure why yours isn't excellent, but my credit score has been basically perfect for many years. And I've never carried any credit card balances or missed any payments. Being in debt is not necessary for a high tier score.
Number of open accounts: 12
Age of oldest account: 20 years, 8 months
Age of newest account: 0 year, 6 months
Average age of credit: 12 years, 3 months
Credit Utilization: 1%
Credit Limit: $137,000
Credit Inquiries: 5 (I'm in the process of refinancing my mortgage)
Payment History: 100% on-time payments
Credit Score: 825
Paying off my student loan, and getting a mortgage didn't move the score much up or down.
If I had to guess, maybe you do not have many credit card accounts open so your credit utilization is a bit high due to a lower aggregate credit limit.
Like in the 680s since I got a car recently.
Went on a pretty bad downward spiral years back and put myself into serious debt, and slowly climbed out of it. All I have now is one credit card I'm slowly paying off, my student loans, and my car payment.
Went on a pretty bad downward spiral years back and put myself into serious debt, and slowly climbed out of it. All I have now is one credit card I'm slowly paying off, my student loans, and my car payment.
True, but History class also didn't do much for my financial well-being :p Opening up a line of credit, taking out loans... this is heavy stuff for someone having access to fresh outta high school--w/ potentially huge economic ramifications--and knowledge of basic finance could go a long way in making life just a lil' bit easier down the road!
797 via Experian, age 33, "white" (biracial, part-Korean) male.
Imagine I'd be in the 800's right now but I literally didn't get my first credit card until early 2018 and my only debt was student loans, which I've regularly paid on time — I didn't feel financially stable enough to handle additional debt up until that point, but I've been pretty on top of it since I applied. I also took out a small, short-term (3 year) car loan early last year to cover the last gap I needed to buy my new car, which I will end up paying off ahead of time in just a couple of months, only about halfway through its term.
I've only ever missed a single rent payment in my entire life as far as financials go, and that was taken care of almost immediately after the fact. I had a habit of using my financial aid refunds during college to cover my lease agreements in 6 month spans, but my very first lease, I unwittingly forgot to cover one month during winter break (January), got hit with a rent past due notice, and took care of it out of pocket at the time. Pretty sure that's my only financial miss ever so far.
Not gonna lie, I have had to really concentrate on some restraint since I got my credit cards. I initially did go really hard and bought enough furniture to almost completely furnish my apartment just after I got it (which was the reason I applied for it in the first place), then I opened a second credit card to buy a fancy TV with, and for a span of about 6 months, juggling the two debts on top of student loans actually felt pretty scary, and one of the credit cards started to accrue some serious interest accruals for a few months, but I really pulled myself together and got it taken care of, and that was something of a difficult lesson. I have been far more restrained and been keeping my credit limits in the green since. Never missed a minimum payment during that time, but it did for a little while feel like I was going to be able to keep up. Dangerous thing that can be, I feel — I'm glad I had what it took available to me to get that sorted out and didn't fall into a debt trap.
Imagine I'd be in the 800's right now but I literally didn't get my first credit card until early 2018 and my only debt was student loans, which I've regularly paid on time — I didn't feel financially stable enough to handle additional debt up until that point, but I've been pretty on top of it since I applied. I also took out a small, short-term (3 year) car loan early last year to cover the last gap I needed to buy my new car, which I will end up paying off ahead of time in just a couple of months, only about halfway through its term.
I've only ever missed a single rent payment in my entire life as far as financials go, and that was taken care of almost immediately after the fact. I had a habit of using my financial aid refunds during college to cover my lease agreements in 6 month spans, but my very first lease, I unwittingly forgot to cover one month during winter break (January), got hit with a rent past due notice, and took care of it out of pocket at the time. Pretty sure that's my only financial miss ever so far.
Not gonna lie, I have had to really concentrate on some restraint since I got my credit cards. I initially did go really hard and bought enough furniture to almost completely furnish my apartment just after I got it (which was the reason I applied for it in the first place), then I opened a second credit card to buy a fancy TV with, and for a span of about 6 months, juggling the two debts on top of student loans actually felt pretty scary, and one of the credit cards started to accrue some serious interest accruals for a few months, but I really pulled myself together and got it taken care of, and that was something of a difficult lesson. I have been far more restrained and been keeping my credit limits in the green since. Never missed a minimum payment during that time, but it did for a little while feel like I was going to be able to keep up. Dangerous thing that can be, I feel — I'm glad I had what it took available to me to get that sorted out and didn't fall into a debt trap.
User Banned (Permanent): Xenophobia; prior severe ban for excusing sexualized depictions of minors.
Credit score? LOL. Y'all live in China or what?
My wife and I were trying to get her score up to get better interest rates for a mortgage refinance so we transferred a large amount of credit card debt from her accounts to mine and I added her name to a high credit line card of mine with zero balance. Her score went from 667 to 750 over night.
Do you have a lot of accounts or just a few?
Mine went down a lot after I paid off a student loan really fast.
Basically, if you're doing a good job and trying to pay off stuff fast, you'll end up messing up your score, because the companies want to make sure that they're able to make interest from you.
It was infuriating, and it took a long time for it to go up.
Today I saw that it went above 800 for the first time.
Which company does 900? Or is this one of those secret things that no one is supposed to know.866/900 🤷♂️
To be honest, it was for me and the schools around me. I went to a public school with some of the lowest test scores in the state, and we had a required personal finance class to take junior or senior year. We learned how to balance a checkbook, difference between savings and checking accounts, what a good interest rate is, how to improve your credit score, how mortgages work, etc.
Obviously this isn't the case everyone in the US, but I pointed out details about my high school to show that it isn't just rich white private schools that have these classes. My friend who went to a school a few towns over had the same requirement.
I hope in the future all schools will have this, because while I didn't retain much of it, it did at least make me think about these ideas. I'm inmy early 20s so high school wasn't THAT long ago. Maybe things are improving in this regard
I moved to the US 13.5 years ago, in my mid-30s, the importance of credit scores blew my mind. I researched how to build credit and followed that pretty hardcore, and mine's pretty good now, but man you need to work at it.
20 year old fiscally irresponsible me would have been fucked.
20 year old fiscally irresponsible me would have been fucked.
Can you not afford to pay off more than that? You are burning a serious amount of money.
