Almost everyone, if not all, specifically those credit card holders and the likes, are of course, interested on information about or that pertains to credit report and scores or credit ratings.
The average credit score in the United States of America is 693. And the area or region in United States that has the highest score average is at the New England area, which has the average of 713. And the lowest score average in the United States goes to those belonging to the West South Central area or region, specifically those in Arkansas, Louisiana, Oklahoma, and Texas, which has the average of 673.
From a study made in year 2005, 23 percent of Americans have never checked their credit. And from the same study, in year 2000 from the 23 percent it grew up by four (4) percent, making it 27 percent.
Statistics also show that 14 percent of the United States population has an average six (6) credit cards and makes use of 50 percent of their available card limits. And the United States national average score is 645 for those credit holders that make use of 50 percent and higher, compared to the national average score, which is 674. Americans having superprime scores, scores ranging from 750-800 and above, are 12 million. 99 million are having prime scores, which ranges from 651-749. And those Americans having subprime scores, scores that are 500-649, are 61 million.
202 million files are all preserved by Equifax, Experian, and TransUnion, also known as the three major bureaus in the United States. And among these credit files are 172 million files that record enough information to generate a score. While 33 million adults in the United States have records in these bureaus that do not have sufficient information in order to generate credit score. And 24 million Americans contribute to those who do not have any credit file at all. The average credit file has 13 credit obligations, which are likely to be nine (9) credit cards and four (4) installment loans.
A survey made by US PIRG shows that 25 percent of free credit reports of credit holders contain errors or erroneous information that could have denial of credit as a consequence. And in total, 79 percent of these have an error, erroneous information, mistake, or the likes.
And in terms of identity theft, one problem for those card holders, the number of American adults that is victimized or becomes a victim of identity theft decreases from time to time, specifically in the past couple of years. Identity theft or fraud decreased from 10.1 million in year 2003 and 9.3 million in year 2005 to 8.4 million in the year 2007. And the average fraud amount for every fraud victim also decreased. It decreased from $6,278 in year 2006 to $5,720 in year 2007.
65 percent of these American adults are afraid or worried about identity theft. And 50 percent either have known or know someone who has been a victim of identity theft. 52 percent of these adults are people who report they are uneasy about identity theft are probably to keep tags on their credit report, compared to the 30 percent that are not concerned.
