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.
Based on our data, there is a clear relationship between age and average credit scores. Generally speaking, younger consumers have lower credit scores on average. Take a look at this interactive chart to see what our data says about age and average credit scores.
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60 People Helped
I find credit scores absolutely ridiculous. Many people (clearly from this chart) have made bad choices or ran into bad luck throughout their lives to cause financial distress. The amount of people relying on student loans with ridiculously high college costs and equally ridiculous repayment amounts is enough to destroy anyones credit before adding in the normal things like auto loans and credit cards. How someone can qualify for an apartment or other rental at rates of $1000 and up per month, not including utilities and other household expenses, but can't qualify for or "afford" a mortgage is garbage. Then all these news stories come out complaining that the housing market sucks and no one is buying houses like they used to "back in the day." Well, no shizzle considering a majority of millennials and gen z can't qualify for mortgages so we end up having no other choice but to rent, which then takes up money that we could be using towards becoming debt free.
41 People Helped
see if a grand parent or parent will add you as a user on there credit card . dont use there card . just you being added will help your score .
saving secured loan ,some banks dont even run a crdit report , to give this type of loan .use it to pay down high intrest debt.
save somthing every pay day .
never touch your savings .
133 People Helped
On my 18th Birthday I went to Discover.com because I had seen promotions for it on TV and also noticed my parents used it on a daily basis. My mom loved her Discover card and they have had it for over 10 years. I was approved for the Discover IT Card with a $500 limit. Over the course of the next year they inceased my limit to $1,500. I was happy I was using it and reaping rewards left and right. I got greedy so I applied for the BestBuy Credit Card because I had worked there for sometime. Fast forward this along about 2 years later I had $3,000 in debt. I applied for 3 cards all on the same day and my limits were raised to $25,000 between all of my cards. I felt like the king. I had a Chase Sapphire Preferred card. It was metal! I was as cool as could be. Well I am now 21 I HAD a score of 780 and yeah its fallen to about 620. To this day I am working on paying my debts down by 0% Balance Transfer Cards but still paying my life away to banks and debt. Be smart about Credit and dont jack it up along the way. Credit runs this world we live in and without a near perfect score you will lose.
145 People Helped
This chart is surprising to me. I am 26 and I have a Transunion score of 725, an Equifax score of 738, and my FICO is 720. I only have 4 credit cards and none of them have been open accounts for more than a year. My scores went up 30 and 31 points recently which is drastic at one time, but I keep my utilization below 10% most of the time. The highest amount I have utilized was 22% when I had to fix my car. As soon as the due amounts are posted online, I pay them. Even before the billing cycle. I also don't use my credit cards for unneccessary purchases or when I don't have money in my checking account to cover it. It really is simple to establish good credit, you just have to know what you're doing and don't let the urge to splurge come over you. I will say though, I have no loans, debt, no car lease, etc so that helps a great deal. Pay attention to the factors that have the highest impact on your scores.
438 People Helped
I'm a big advocate for personal responsibilty -- so nothing I'm about to say is shedding any fault away from myself, but I didn't grow up in a family that was...remotely...responsible when it came to paying bills on time or spending within their means. When they were poor, only the most threatening bill was paid first. When they were making over $300k a year, they spent $.99 out of every dollar.
I'm 32 now and my credit is slowly climbing into the "good" territory, but I can definitely attribute the ease in which I made credit mistakes in the past to just not really ever having an opportunity to grasp personal finance until I fell on my face a few times.
I think I'm far from being alone in that life experience, which is why I wish there was some sort of national credit course that students (high school or college) could take to help fill in the gaps that their upbringing left. You can take a driver's ed course to lower your insurance, why can't you take a credit and finance course that has a positive impact on your credit score and interest rates?
7 People Helped
I filed bankruptcy in 2016, since I was looking for a car and trying to build my credit. I had about 30 different inquiries on my credit. They all should fall off by Dec. But I have a car, and three credit cards One in which is a secured card but I have only seen about a 100 point difference in my credit. I am still at 504. Does anyone know or can give me any pointers on what to do to build my credit up and alot of places have denied me due to my credit score and my bankruptcy.
64 People Helped
I raised my score 200 points in 3 years with alot of hard work...got a personal loan and now have 3 credit cards instead of 11....pay before the due date..dont use over 30% of your credit line...pay balance every month..if you dont need it dont buy it!!!! Maintain your residance...dont keep moving every couple years...lendars look at that though they wont tell you it effects your outcome!! By the way...my score was 560 41 months ago !!!
2 People Helped
I also pay off my gas cards on a weekly basis, but I keep getting dinged. The cards don't always report so I'm always getting my score lowered.
Why is it that when you pay off a personal loan early your credit score doesn't move, but when you pay off a credit card your scorewill jump up?
1 Person Helped
im going to try your advice
933 People Helped
im 19, and have a score of 750. on my 18th birthdya i went to my credit union and got a student credit card, and then proceded to pay it off in full every month. i then got a Macys credit card and paid that off in full. three months later i got a nordstrom credit card and that dropped my score by a hundred points almost. i was looking at a 680. so for six moths i balanced the three credit cards making sure my credit utilazatuion was under thirty percent and paying off almost everything. Because i am impulsive i got in way over my head with shopping and found myself spending my whole pay check to cover myt losses. i soon started a budget for my self and stop using both store cards for awhile. my Macys card raised my credit limit, which helped me lover my credit utilaztion score. My nordstrom sis the same and i paid both off and now barely use my one student credit card. i use each only once a month to buy something under thiry bucks from each store to show i have good standing. i have never missed a payment on all three cards. i now i have a score of 750 again since six mothns has passed since i open my nordstom card. all in all, i have learned my lesson, but am still frustrated by how easy it is to swipe without thinking. This has lead me to leaving my cards at home or in my car. i guess for me it was harder than some because i worked in a mall and was surronded by retail. Now im happy with my score and i got a job at a bank, and i now save money while paying off my student loans. i guess what angers me the most is seeing how much i spent with those two cards and realizing i could have paid of my student loans. i hope other people find something to learn from my story
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