People with credit scores over 785 are "high achievers. These people account for 25% of the consumers in the United States. The consumers that are "high achievers" make their payments on time and keep their credit cards balance low. High achievers are not debt free consumers. They have multiple credit cards as well as most consumers. These are the facts about the "high achievers" group as shown:
Here are other key facts about this group:
- High achievers have an average of seven credit cards, including both open and closed accounts.
- They have an average of four credit cards or loans with balances.
- One-third of high achievers have total balances of more than $8,500 on non-mortgage accounts; the remaining two-thirds have total balances of less than $8,500.
- 96% show no missed payments on their credit report; of those who do, it happened four years prior, on average.
- Many people have high scores without using credit cards at all. Those that do use credit cards often keep balances low, only using an average of 7% of their available revolving credit.-(FICO)
Credit Score Below 600
All Applicants
with credit scores below 600 may still have the opportunity to purchase an
affordable home. The booklet, "Increase Your Credit Score After Short
Sale, Foreclosure and Bankruptcy", provides the techniques to increase an
applicant's credit scores. The program offers “FREE 30 DAYS COACHING” as well
as the booklet at increaseyourcreditscorenow.com
We
provide monthly newsletters on how to increase an applicant's credit scores and
weekly blogging information at increaseyourcreditscorenow.blogspot.com
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