WHAT DOES YOUR EMAIL PROVIDER SAY ABOUT YOU?
The following data is based on the domain of the email address used to register with Credit Karma. According to the CFA, consumers could save $28 billion a year in credit card finance charges if credit scores improved by 30 points.
N=296.850. October 2010 Credit Karma Data.
654 AVERAGE CREDIT SCORE 38 average age
672 AVERAGE CREDIT SCORE 45 average age
671 AVERAGE CREDIT SCORE 39 average age
681 AVERAGE CREDIT SCORE 34 average age
692 AVERAGE CREDIT SCORE 48 average age
Nationally, 98.64% of consumers with a credit report have some form of debt, either short term such as the S4 grande vanilla latte you just charged this morning to your credit card or the 30 year jumbo mortgage that seems like a
mountain of interest payments. Little known fact, total debt is not correlated to your credit score.
99.09% All Users Have Debt
98.95% of All Users Have Debt
98.60% of All Users Have Debt
98.18% of All Users Have Debt
98.62% of All Users Have Debt
National Average: $102,954
* People with zero debt are not included in the averages
Credit Card Debt & Credit Limit
The average consumer has 6.1 open credit cards on their credit report. Creditors do not distinguish between debt that is paid off in full or debt that is carried. Little known fact, even if you pay off your credit cards in full each month,
you will still have credit card debt on your credit file unless your credit reports exactly when your balance is zero.
94.74% of All Users Have Credit Card Debt
29% of limit $35,869
31% of Limit $30,486
90.68% at All Users Have Credit Card Debt
29% of limit $24,018
89.56% of All Users Have Credit Card Debt
Debt $6,078 29% of limit $20,847
83.45% of All Users Have Credit Card Debt
Debt $5,508 26% of limit $20,874
90.49% of All Users Have Credit Card Debt
National Average: $7,383 in Debt and S25.858 in Limit
* People with zero credit card debt are not included in the averages
A Mortgage Debt
Interesting fact, California has the highest average mortgage debt at $339,944 while West Virginia has the lowest at S98.892. Averages do not include home equity loans.
26.78% of All Users Have Mortgage Debt
54.62% of All Users Have Mortgage Debt
41.28% of All Users Have Mortgage Debt
35.96% of All Users Have Mortgage Debt
31.45% of All Users Have Mortgage Debt National Average: S175,569
Consumers with student loans have an average of 3.1 student loans. Interesting fact, users in D.C. have the highest student debt while users in North Dakota have the lowest.
39.99% of All Users Have Student Debt
32.57% of All Users Have Student Debt
21.99% of All Users Have Student Debt
26.07% of All Users Have Student Debt
* People with zero mortgage debt are not included in the averages
% Percent of On-Time Payments
31.70% of All Users Have Student Debt
National Average: S28.747
* People with zero student debt are not included in the averages
On-time payments has one of the largest impacts on your credit score. Be careful because one late payment could drop your score as much as 70 points. Interesting fact, payments are not reported as late until they are 30 days past due,
so if you are a few days late you may have to pay late fees but it shouldn’t affect your score.
National Average: 98.1 %
For more score comparisons and your free credit score, visit Credit Karma at www.creditkarma.com