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Jan 14 - Average FICO score hits record highóheres the average credit score in every state


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 2 weeks ago '04        #51
C.R.I.P. 
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fu*k Credit Scores, the Companies, and anybody who loves em.
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 2 weeks ago '15        #52
richmoneycash 
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 ItAlY2BkLyN said
800 + Gang fu*k what ya heard

Your worth isn't what you have in the bank. It's how much people are willing to loan you.

FICO 8 or FICO 9?

On Fico 8 I don't think my credit is old enough to hit 800.

I've done all the calculations and I've even cleared all of my inquires, got 100% pay history, credit utilization is less than 10% and I'm still not at 800.


I even tried the all zero except one(Azeo) method.

I know you're also supposed to have a loan under 10% also to reach maximum score and I got that too.

Only thing I can think of is that my oldest credit line isn't old enough. It's a 16 year old credit line.
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 2 weeks ago '04        #53
dc3003 
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Thanks trump
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 2 weeks ago '17        #54
Mr Scaramucci  topics gone triple plat - Number 1 spot x35
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 Pikaboo said
587 and about to get really ugly bx...
I have 3 chase credit cards maxed out a total of $1700 and a loan for $2100.

January is the last month Iím paying minimum fees on them and Iím changing my cell number to avoid collection calls.


@ can I be saved fam or Iím in too deep?
Pay your bill my brotha. Otherwise you'll have to wait 7 years for that Charge Off to fall off of your credit report. I get that it's tough, but continue to pay the minimum if you can until you get into a better financial situation, then start throwing large sums at it. It may seem impossible right now, but when you have that debt handcuff off, it will be an amazing feeling.

Do you have any reoccurring services or food expenditures that you can stop or decrease for a few months?
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 2 weeks ago '16        #55
BraveSoleXIII 
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 Hector said
Itís easier to game the system now and people have access to the knowledge.
Teach me. i'm still paying off collections accounts from when i didn't realize that i didn't have insurance under my dad anymore when i was in college. I've paid off 4k in 6 months and only have like 850 left but my credit score fu*king CRAWLING up the ladder. literally only increased by 50 points after $4000 paid.

 2 weeks ago '07        #56
boobizzy 
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100% payment history on everything Iíve ever had to pay on. I take pride in that.
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 2 weeks ago '12        #57
HeightsBound 
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I’m sitting at 833.

Self accountability was the best decision I ever made.
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 2 weeks ago '08        #58
koopa24 
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 Mental Illness said
thank you trump
Wtf we thanking him for? heís not doing my job, an heís not paying my bills. All his a*s is doing is giving me something to laugh at while Iím on the sh*tter at work.

 2 weeks ago '04        #59
efromthev 
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804 gang. I've been churning credit cards for years, had so many free vacation flights. It's worth it if you are responsible and pay it off every month to avoid interest
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 2 weeks ago '19        #60
GetYaCoinsKing 
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Mark my words 'they' will find another way to oppress us, I think that way will be, housing. Which is why i urge everyone to BUY doesn't matter what the price is the best time to buy land/real estate is NOW.

We figured out how to game the credit bureaus and therefore the jig is up,
Watch them roll-out an alternative to a FICO by the end of the year.
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 2 weeks ago '19        #61
GetYaCoinsKing 
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 HeightsBound said
I’m sitting at 833.

Self accountability was the best decision I ever made.
Man i have little debt (1) $500 CC and 3 other cards fully paid off,
2 car loans fully paid off and the highest i can get is 755 WTF.

Its been like an invisible wall trying to get to the 800s and i want to do it without a tradeline since there are downsides to those. How did you do it?
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 2 weeks ago '10        #62
jhust4ever 
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801
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 2 weeks ago '16        #63
Caligadget 
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 Johnnytusanmi said
is this a left over from Obama too?




@
Just keep hope alive one days the average American can list what trump did to make America great again



 OldBusiness said
Obama passed the Credit Card Act of 2009, and its been trending upwards ever since

So yes actually.... it is a left over from Obama since he passed the Credit Card Act of 2009 which gave consumers longer times to pay credit card bills, blocked retroactive rate increases, eliminated harvester cards/marketing to kids, and changed how card companies applied payments in excess of the minimum payment amount to your highest interest rate balance.

Trumps rule he signed deregulated banks, removed restrictions Obama put in place to slow down how banks/card companies were fu*king over people, and gave more protections than ever to banks when it comes to arbitration. The only thing he gave consumers was removing the fee card companies could charge if you wanted to 'freeze' your credit'

You stupid fu*k

Heres some reading for your dumbass. You forget this type of sh*t was Mulvaneys OG job in the Trump admin before he was tossed into the fake chief of staff role and hes as anti consumer as they come.



Yeah, once again you dumb fu*ks have to live with the fact that he still has not done a damn thing for America

@


Last edited by Caligadget; 01-14-2020 at 06:40 PM..
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 2 weeks ago '19        #64
tonysancho 
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 Sin said
The average FICO score in the U.S. hit a record high of 703 in 2019, according to the 2019 Experian Consumer Credit Review. Thatís a two-point increase from 2018 and up 14 points since 2010.

A 703 FICO score falls within the range of good credit (670 to 739). The fact that many Americans have good credit scores is promising, since having a high score is key to qualifying for the best credit cards, mortgages and competitive loan rates.

If you have good credit, you may qualify for competitive travel rewards cards, like the Chase Sapphire Preferredģ Card, or solid cash-back credit cards, like the Citiģ Double Cash Card.

CNBC Select breaks down the key credit score findings from Experianís report, the average credit score in every state and some easy ways to improve your credit score.

Key findings

The average FICO score in the U.S. hit a record high of 703 in 2019
Minnesota residents have the highest average credit score for the eighth consecutive year at 731
Mississippi residents have the lowest average credit score at 667
59% of Americans have a FICO score of 700 or higher ó the biggest percentage ever seen at that level
FICO score ranges

Credit score ranges vary based on the credit scoring model used (FICO versus VantageScore) and the credit bureau (Experian, Equifax and TransUnion) that pulls the score. Previously Experian used VantageScores in their Consumer Credit Review, but switched to FICO scores in 2019. This is a welcome change since lenders opt to use FICO scores in 90% of U.S. lending decisions.

Here are the FICO score ranges, based on estimates from Experian.

Very poor: 300 to 579
Fair: 580 to 669
Good: 670 to 739
Very good: 740 to 799
Excellent: 800 to 850

Top 10 states with the highest credit scores

Similar to prior years, Midwestern states have the highest average credit scores. Minnesota topped the list for the highest average FICO score (733) for the eighth straight year. And Wisconsin jumped up seven points from 2018 to round out the top five states.

Minnesota: 733
North Dakota: 727
South Dakota: 727
Vermont: 726
Wisconsin: 725
New Hampshire: 724
Hawaii: 723
Massachusetts: 723
Nebraska: 723
Washington: 723
Top 10 states with the lowest credit scores

Southern states have lower average credit scores than the rest of the U.S., and Mississippi ranks as the worst with an average 667 FICO score. The three states (Mississippi, Louisiana, Alabama) with the lowest credit scores remained the same as 2018, but each state increased scores by up to two points.

Mississippi: 667
Louisiana: 677
Alabama: 680
Texas: 680
South Carolina: 681
Georgia: 682
Oklahoma: 682
Arkansas: 683
Nevada: 686
New Mexico: 686
Average FICO Scores by state
State
2018
2019
Alabama 680 680
Alaska 704 707
Arizona 694 696
Arkansas 683 683
California 706 708
Colorado 716 718
Connecticut 716 717
Delaware 700 701
District Of Columbia 700 703
Florida 694 694
Georgia 680 682
Hawaii 721 723
Idaho 710 711
Illinois 709 709
Indiana 698 699
Iowa 720 720
Kansas 711 711
Kentucky 691 692
Louisiana 675 677
Maine 712 715
Maryland 701 704
Massachusetts 721 723
Michigan 705 706
Minnesota 732 733
Mississippi 666 667
Missouri 700 701
Montana 718 720
Nebraska 722 723
Nevada 684 686
New Hampshire 722 724
New Jersey 713 714
New Mexico 685 686
New York 710 712
North Carolina 693 694
North Dakota 726 727
Ohio 704 705
Oklahoma 682 682
Oregon 716 718
Pennsylvania 711 713
Rhode Island 710 713
South Carolina 680 681
South Dakota 727 727
Tennessee 689 690
Texas 680 680
Utah 714 716
Vermont 725 726
Virginia 708 709
Washington 721 723
West Virginia 686 687
Wisconsin 718 725
Wyoming 710 710
Wyoming 711 712
Source: Experian
How to raise your credit score

If you have a credit score lower than the average 703, consider following these simple tips to improve your credit. And even if you have a 703 or higher credit score, itís important to stick to these actions.

Make on time payments

Payment history is the most important factor of your credit score, so itís key to always pay on time. Set up autopay or reminders to ensure you donít miss a bill.

Pay in full

While you should always make at least your minimum payment, we recommend paying your bill in full every month to reduce your utilization rate (your total credit card balance divided by your total available credit) and avoid paying high interest charges.

Donít open too many accounts at once

Each time you apply for credit, whether itís a credit card or loan, an inquiry appears on your credit report. This temporarily dings your credit score about five points, though it will bounce back within a few months. Try to limit applications as needed and shop around with prequalification tools that donít hurt your credit score.

And don't be black.

Blacks tend to have lower scores even with all those items above being good to go.

 2 weeks ago '15        #65
Dread Skull 
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 Gold Face said
All this is nothing burgers you fool!


Credit scores are up cause wait for it.....

wages are up, jobs are up, unemployment is down small business is booming Market is up and that’s all connected to trump

Y’all living in the past

Your post insinuates that passing legislation can improve individuals credit scores. Only individuals can improve an individuals credit scores and they can only do it with wage increases and job opportunity

Wow... you're fuxking retarded

 2 weeks ago '11        #66
westsideknicks 
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If you have too many cc thatís bad for your score? If so how do you close/reduce the amount of cc with no score hit? Even on ones pif

 2 weeks ago '15        #67
GGG goat 
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these 'statistics' are a joke and no way reflects society

 2 weeks ago '17        #68
Mr Scaramucci  topics gone triple plat - Number 1 spot x35
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 westsideknicks said
If you have too many cc thatís bad for your score? If so how do you close/reduce the amount of cc with no score hit? Even on ones pif
Keep your credit cards open bruh, just don't make charges on them (or charge a very small purchase once every few months). The longer your cards are open, the higher your credit age. Now, you do have to make a financial decision in case you have any cards that have a AF (annual fee).
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 2 weeks ago '17        #69
Tom Herman  topics gone triple plat - Number 1 spot x3
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All these illusions. Economy still not strong
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 2 weeks ago '19        #70
016z 
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 Sin said


a lot of Americans donít have $1000 for emergencies but have a 700 credit score
Iím sure that has a lot to do with autopay, people worried about credit in stead of savings
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 2 weeks ago '19        #71
WashCloth  topics gone triple plat - Number 1 spot x4
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Thanks trump

 2 weeks ago '19        #72
cnbftbgb 
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 Kno said
Lol people in here are trying to make their credit score a partisan issue. Smh you know how dumb that sounds?



Why are people slapping this itís fact!

Im over 800 too and use my credit card like a debit card and pay it in full On the due date every time. If you canít afford to do this then you shouldnít be charging so much. Student loans car payments taxes rent etc also get paid on time - and in most cases if you fu*k up and miss a payment or two you donít get reported for months on end and have time to fix it before you fu*k yourself up.

People with bad credit are spending more than they can afford too and thatís a dangerous game plain and simple.
This especially. The main thing is to keep your utilization under 10%, but I don't even want to be charged interest. I use my cards for all my purchases (certain ones for certain activities based on the rewards), stack points, and pay off whatever I charged up before the due date.

As long as you're not spending what you don't have, and aren't delinquent your credit will keep going up.
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 2 weeks ago '06        #73
xastey 
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I just let mines drop.. and I'm still getting high cc and balance transfer offers. It dropped due to students loans. On second house at age 33 , self employment+ wife w2 (first house at 24).

Said all this to say... Credit score doesn't mean sh*t unless it's pretty high. I guess those changes for student loans and medical bills really do make it better now.
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 2 weeks ago '11        #74
Sin  topics gone triple plat - Number 1 spot x7 OP
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 016z said
Iím sure that has a lot to do with autopay, people worried about credit in stead of savings
my autopay in $15 I have it set to always pay it, just in case I miss it

I keep my balance less than $100
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 2 weeks ago '11        #75
Sin  topics gone triple plat - Number 1 spot x7 OP
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 tonysancho said
And don't be black.

Blacks tend to have lower scores even with all those items above being good to go.
even if your scores high doesn't mean you'll get a loan


+3   



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