Know More About Credit Facts

Here are some credit facts you should know:

  • Author of The Everything Improve Your Credit Card Book, Pritchard, Justin said that an average American has: 13 credit accounts (9 credit cards, 4 installment loans). Those who do not have credit cards will not have a credit ordid you know credit facts FICO score.
  • Bill Fair, an engineer and Earl Isaac, a mathematician founded a firm on 1956 named as Fair Isaac. This is where FICO or Fair Isaac Corporation was based. During the mid-1980’s,  the first credit bureau-based scoring system was developed by the two of them.
  •  Credit score wise, VISA, MasterCard, American Express, Discover, and Diner’s Club, which are some of the major credit cards American’s use; are better than department or finance companies.
  • Statistically, 1 in 6 Americans uses 80% or more of their available credit limits while most of them uses less than 30% of what’s available according to Weston, Liz.

Find out what your credit score is telling about you..
Get a Copy and Check Credit Report for free

Elizabeth Roberts

Elizabeth Roberts

Liz Roberts and her team are continuously providing information to people who are ready to repair their credit and improve their credit score. Also NewHorizon.org team strives to empower the homebased and small business owners by bringing information that can help them to manage and grow their businesses. Let our 24+ years of business finance experience help you to get the financing you need! CONTACT US if need financing for your business.

2 Comments
  1. Another fact is your credit history will affect how much you pay for auto insurance.

  2. Thank you for the additional fact Dee. Yes credit score affects how much you pay not only on auto insurance but also for home insurance too.

Leave a reply

NHBS Inc © 2024

NewHorizon.org is an independent, advertising supported website. The owner of the site may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. NewHorizon.org has not reviewed all available credit card offers in the marketplace.

Privacy Policy Terms of Use

NHBS Inc © 2022

NewHorizon.org is an independent, advertising supported website. The owner of the site may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. NewHorizon.org has not reviewed all available credit card offers in the marketplace.

Privacy Policy Terms of Use

Business Loans

Consumer Loans

New Horizon
Logo
Enable registration in settings - general