Financial Services - Sheffield Lake, Ohio, United States
By now, we understanding how credit works can help you out insanely!Having a healthy relationship with credit is crucial for your success if you want to buy houses, cars, get loans, and won't lower interest rates. So here are 5 random facts about credit you might not have known about. Fact # 1 - 45 % of College Students don't know their credit score. Fact # 2 - 18 Years is the average consumer's oldest open credit line. Fact # 3 - 52% of adults in America haven't viewed their credit score in the past year. Fact # 4 - 9 Open credit cards is the average per consumer - 300 - 850 is the range of credit scores, 699 is the average National Credit Score.Fact # 5 - 20% or less! Make sure you use less than 20% of your credit limit to improve your score. For example, if you have a $50,000 credit limit then don't go over $10,000 in spend.
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