Not exact matches
Say you've had a certain
credit card for 10 years; closing that account may decrease your
overall average credit history and negatively impact your
score, especially over the short term.
The annual Title II collection asks providers about 15 common admission requirements, including the applicant's subject area, transcript,
overall grade - point
average (GPA), content GPA, professional GPA,
credits,
scores on ACT / SAT / basic - skills tests, essays, interviews, recommendations, fingerprint and background checks, and «other.»
People with FICO
scores of 800 or higher have a median total revolving
credit balance of $ 1,446, compared with $ 2,040 for the U.S. population
overall (who have an
average score of 700).
Although the percentage of the
overall score that each one of those variables accounts for varies from person to person based on a variety of reasons, including how long a person has had
credit, 65 % of the
score, on
average, is made up by payment history and the amount of debt owed relative to
credit limits, or
credit utilization.
Some lenders do not report to all of three of these, so your
credit score from one bureau may be different from another, and your
overall average between the three can also be different.
The
overall decline in the economy has made the
average credit score at an all time low.