Credit Trends
Our Credit Trends show you how you compare to other Credit Karma members. See where you stand and compare credit scores by state, age and email domain. While these comparisons are fun, they’re also an interesting way to gauge the overall credit health of Credit Karma members.
Our lives are full of numbers: phone numbers, social security numbers, birthdates, lottery numbers, lucky numbers... the list goes on. But no number says more about us than our favorite: the credit score.
Our credit score speaks of our creditworthiness, gives potential lenders a peek into our credit history, and even predicts our financial future. However, recent correlations have been drawn between credit scores and other factors saying more about us than we'd ever imagined. Here are a few examples:
According to the Insurance Information Institute, drivers with lower credit scores file 40% more claims than drivers at the higher end of the credit scale.
Forget red and blue states. Certain states also have higher credit scores than others. The Dakotas and Wisconsin lead the country while Texas and Nevada have the lowest average credit scores.
We found another intriguing credit score correlation: email address domains. Based on a sample of more than 400,000 credit scores, our data shows that there is a difference of average scores based on what email service users prefer. Interestingly, BellSouth users came out the top with a higher average, while AOL and Yahoo users had the lowest average credit scores.
What does it all mean? Not much. Switching email providers certainly won't increase or decrease your credit score. However, it seems true that people with a certain score are more likely to use a particular email provider. Why this happens is probably due to some demographic skew which then carries to the email domain. But that's not the point, we just thought it was interesting.
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122 People Helped
Here an idea.. how about scores of CreditKarma users versus non users? Or, even better, the percentage increase in CK user's score over the time they have been on this site. Mine has gone up significantly! I was able to find refinancing that locked in lower rates and raised my score a lot and just being to watch the graphs drop encourages me to keep paying off credit cards and not use them. (thank you). I would supect that would be the norm.
170 People Helped
I would love to see a breakdwon of PC/MAC, and Android/iPhone and credit scores.
20 People Helped
People still use AOL?
10 People Helped
Hmm how about a graph showing vegetarians vs non vegetarians. Coke vs Pepsi drinkers? Or how about Red Sox vs Yankees fans? These all would be more educational than a domain graph. If 10 people use Bellsouth and they have an awesome score than that throws it way off because it's based on percentage of users' score. I would hope that the folks running a website based on sheer numbers and stats would know bettter!
122 People Helped
Interesting but is this statistically significant? I would think Comcast.net is an ISP, and probably has much smaller user base and, as pointed out earlier, depite the way the graphs look the percentage difference is not that much between any of them, but still interesting. How about lycos.com, my email provider. We must be the highest of all of them. :D
41 People Helped
It's funny how many people are taking this so seriously when it's supposed to be kind of a fun fact. :-P I would like to see the differance between mac and pc - that'd be cool too.
169 People Helped
Interesting, but useful? Pretty tricky determining cause and effect. I've heard that card issuers mine their internal data to draw correlations between where customers shop and their overall credit worthiness. So if I happen to frequent a store where many deadbeats also happen to go then they view me as suspect even if my credit is superb and payment history is flawless.
Silly in my opinion, yet they hire rooms full of analysts to do this type of work.
37 People Helped
Does this take into account people who have emails from multiple domain sources? I have gmail, msn/hotmail, yahoo, me.com, and other emails.
35 People Helped
BellSouth. Does anyone still use that? I bet it's just because they're older, on average, than users of other emails. We already have the data broken down by age.
13 People Helped
This is the same as saying (as is taught in college intro stat classes) that the number of storks visiting south Florida in June 2009 increased by 35% over 2008. The number of births in June 2009 in south Florida increased by 35%. Interesting stats -- but most of us (maybe not all) -- understand that storks don't bring babies. I have my email account because of convenience. My guess -- not that it matters -- is that Bell South happens to serve slightly more affluent areas of the country.
As to credit scores, until they figure out how to include income, net worth, liquidity (cash on hand to meet anything that comes up), the credit scores don't mean much. I have 15 inquiries which is rated F. Virtually all of this was related to two different loans -- 1 for a refinance of my mortgage and the other for a car. In both cases, the inquiries were spread over several months as I was in no hurry to do either until I found the right loan and the right car. In 80% of the inquiries (maybe all), it's clear from the names of the creditors (Toyota Financial, xxx Mortgage, nnn Mortgage, etc.) that I'm looking for either a car loan or a mortgage -- yet the "model" is not smart enough to figure out that I'm not shopping for a bunch of different credit cards or lines. Everything else on my report card is an "A" yet my score is 689. NOT taken into consideration is the fact that I make well over $200,000 a year and have a PITI house payment of $850 and 2 car loans (secured credit where, if necessary, the asset can be sold by me to pay off most or all of the loan thus creating no exposure to other creditors. Credit scores are BS....and built primarily for fast0-decisioning of credit applications. In 30 seconds, a CC company can pull my score and see that it is below their 720 requirement so DENIED in spite of my net worth, income, and liquidity. Happy credit scoring, oh, credit scorers!!
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