What is the "U.S. credit score is 678" Suppose to mean?
2006-06-19 05:18:41 · 9 answers · asked by ONE 3 in Society & Culture ➔ Community Service
The most commonly used credit score in US is the FICO score. Scores can range between 300 and 850, depending on your credit history (on-time payments, debt ratios, etc.). According to an ad that runs frequently on Yahoo's home page, 678 is the average score across the entire US.
2006-06-19 05:25:54 · answer #1 · answered by Chad Walters 2 · 7⤊ 1⤋
Based on the three major credit reporting agencies in the United States, the average of ALL credit scores they have on file -- at least at the time they averaged it -- is 678. Credit scores range between 450 and 850 (450 being the worst and 850 being the best), and the higher yours is, the more likely you'll be able to get a loan or mortgage at lower interest.
2006-06-19 05:24:34 · answer #2 · answered by ensign183 5 · 0⤊ 0⤋
I believe that means the average credit score in America is 678.
2006-06-19 05:22:32 · answer #3 · answered by *♥*fabulous fab*♥* 3 · 0⤊ 0⤋
The highest credit score you can have is 850 the lowest is 450. The average credit score in the US is 678 which is considered "very good" credit. Your credit score is based upon your payment history and your debt to credit ratio.
2006-06-19 05:24:36 · answer #4 · answered by Heather 4 · 0⤊ 0⤋
It is an ad for freecreditreport.com. They are showing you an example of what a typical credit score is. They probably used 678 because that is a really good score to someone who has really bad credit and bad for someone who has really good credit.
They are truly just trying to get you to click on it.
2006-06-19 05:22:52 · answer #5 · answered by Paul S 2 · 0⤊ 0⤋
I have always wondered about these pests banging on about credit scores,I have always been careful with my spending as it is hard enough to earn without spending like an idiot or falling into the credit card dreamland,I was always taught to live by my means so I would like to thank my parents who had an old fashioned approach to money compared with the present day but I have followed their lead and have done alright. Just remembered,the other day I received a notification from a certain credit card company telling me I was the lucky one who was selected to be invited to apply for their card,guess where that went.
2016-03-26 21:36:18 · answer #6 · answered by ? 4 · 0⤊ 0⤋
Its the average credit score in United States... I think they calculate credit score by how much things you buy on your credit card... how you pay (like if your always on time) cause the more you buy credit the more credit your will get offered on your next credit card.... remeber this "choose me and i'll choose you"
2006-06-19 11:39:29 · answer #7 · answered by Fritz J 3 · 0⤊ 0⤋
average credit score
2006-06-19 05:21:26 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Fair. The lowest you can get is 450 and the highest is 850.
2006-06-19 05:22:57 · answer #9 · answered by Spork 2 · 0⤊ 0⤋