0
credit score is not based on age but how you handle your credit....handling your credit well and your score goes up.....handle your credit bad, as in having a lot of debt and not paying on time brings your score down.
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
What is your IQ supposed to be when you are 16?
IQ is non-age dependent. IQ tests can be made for people in different age ranges, but there is no average score for a certain age range. The average IQ for any age is 100.
Is an IQ Score of 113 a normal average score for a 14 year old Female?
Yes. IQs are normalized by age. The average IQ is 100 with a standard deviation of 15 by definition. So, a 113 falls right at the top of the average range.
What type of dating would be used to determine the age of rocks by using the fossil?
By using the geologic time scale. Certain organisms are only found during certain times and if a fossil of one of these organisms is found then you can determine the relative age of the fossil.
Do conifers have leaves?
Most conifers have needles instead of leaves. Some conifers have leaves.
What is an IQ?
An Intelligence Quotient or IQ is a measure of an individual's intelligence, derived from a test that relies heavily on logical thinking, which may also include other elements in certain variations (such as simple philosophy). Simply, the IQ score is a quotient of an individual's mental age. The vladity of the IQ test is often questioned because of it's failure to account adequately for minds that think abstractly, as well as for it's reliance on time-keeping as a measure to test the individual's intelligence.
Does your age affect your credit score?
No, but your credit history accounts for about 15% of your credit score.
What is the average credit score by age group?
The average credit score is charted showing the relationship between age and the average credit scores. Younger people have lower credit scores than older people.
How will your credit score be affected when the bankruptcy drops off?
That depends on, what's on your credit bureau file. The score will look at the age of your credit cards, balances and payment history
Can your credit score go down if you have obtained credit prior to age 18?
yes. wowifixedmycredit.com
Do you half to be a certain age to have a credit catd?
For one to have a credit card, one must be of a legal age.
Can anybody apply for a credit card?
you have to be a certain age
Do you have to be a certain age to buy items on Craig's List?
you have to have a credit card
Do have to go to high school?
yes, depending on your state law you can drop out at a certain age. example: Illinois is 17 to drop out
What Is Your FICO Credit Score?
Credit scores are extremely important. This number is what people will look it before determining if you will get a house, buy a car, and land a job. Many people know the basics of FICO credit scores, but not everyone knows how the number is computed. Before you apply for new credit, it is a good idea to pull your credit report. By knowing how your credit score is computed, you can learn what steps to take to improve it. Here is how the FICO credit score is computed. Payment History - 35% This is the biggest component of your credit score. This looks at how you have made payments on your credit accounts over time. Late payments hurt your score. The more severe a delinquency, the worse your score will be. Once you bring your accounts current, your FICO credit score will start to improve. As negative items age, they lose their edge. If you have charged off accounts or collections accounts, they will count in this area as well. Amounts Owed - 30% There are two big considerations for this component. One is the amount you owe on installment loans in relation to how much you originally borrowed. The second part is the utilization of your credit cards. This means the balances you carry in relation to your credit limits. High credit utilization will lead to lower scores. You want to keep your credit card balances as close to zero as possible. Age of Credit History - 15% This scoring component looks at how old your accounts are as well as recent you have had activity on them. FICO credit scores usually look at the average age of your credit accounts. This is why it is never a good idea to close an account that is in good standing. The older the average age of accounts, the better your FICO credit score will be. Types of Credit - 10% In order to optimize your FICO credit score, you should have a variety of accounts. If you have all loans and no credit cards, your FICO score will be lower. You should have a good mix of installment accounts, revolving accounts, and retail accounts. New Credit - 10% The last part of your FICO credit score looks at how many new credit accounts you have opened. The presence of a lot of new accounts will hurt your credit score. This is why you want spread new accounts out. Also, your credit inquiries will count here. Any credit inquiry you initiate will affect your credit score for up to two years.
What is the credit score of a person who has never had credit before?
You pretty much don't have a score. It's not impossible to get loans, but when you apply substantial down payments and/or high APRs may be a part of the loan. When you first start out on credit you still don't get a score, but I believe an initial score is established after 90 days. I believe they start you in the 600s because when I applied for a car loan my score was 615 after only 6 months of credit. This is why it's important to have credit cards at a young age so credit can be built. APR doesn't matter for the card, just carry a low balance and pay in full every month and those two things over a period of time (usually 3 years to get your "average" credit score) will give you a nice credit score. AND PAY ON TIME !
Which information is needed in calculating credit score?
A credit score is a complex evaluation of your credit bureau file. examples of what the score reviews is: Balances/line of credit ratios Number of different inquiries from merchants Past and current payment history Age of accounts Number of new creditors Any written off accounts Any derogatory information ie) bankruptcy, repossessions, unpaid collections, etc.
Does an open unused line of credit hurt or help your credit score?
Open positive accounts with 0 balance is always good especially when they age, just leave it open.
