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Age and Credit Score

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MrChairman
Established Contributor

Age and Credit Score

It seems to be very uncommon if a 20 something has a score that is higher than 680-700 at the most. All the 20 somethings I have seen with credit score above 700 have a VERY thin credit file. Maybe one or two revolving accounts and a auto loan. Would it be safe to assume the average credit score for someone in their mid 20's with a detailed credit history would be no higher than maybe 680-685?


Starting Score:TransUnion: 698 (12 FEB 2010), Equifax: 674 (12 FEB 2010)
Current Score (Lender Pulled):TransUnion: 684 (12 SEP 2016), Equifax: 696 (12 SEP 2016), Experian: 679 (12 SEP 2016)
Goal Score:All scores All scores at least 700+ by December 2017!!

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4 REPLIES 4
bridgetkaryn
Frequent Contributor

Re: Age and Credit Score

I disagree... My husband had an 810 credit score at 25... Auto loan and 3 CCs PIF each month.. also a couple student loans...
Starting Score: 06/2010- EQ 464
01/2012-EQ 512
April Score: EQ 679 4/12TU- 677 EX- 699 (FAKO)
Current Score: 05/2012-EQ 691 4/12TU- 706 EX- 720(FAKO)
Goal Score: 700 by 05/2012- MADE IT!!!!


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Lois5669
Frequent Contributor

Re: Age and Credit Score

I'm not sure if age would keep you from having a high 700 - 800 score, but I would guess it depended on if you had a balance of types of credit (several revolving, a mortgage, installment loan or 2). The thing that really hinders due to age is the fact that someone in their early 20's just wouldn't have a long AAoA.


Starting Score: EQ = 550; TU = 491(2/10/12)
Current Score: EQ = 669; TU = 674(6/20/14)
Goal Score: 700+


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Brian_Trying_700
Frequent Contributor

Re: Age and Credit Score

This is a great topic. Keep it going.

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Message 4 of 5
MrChairman
Established Contributor

Re: Age and Credit Score

Exactly my two points

 

AAofA and thin credit files. As you begin to add more accounts score will drop. Although your husband has a 810 now, he has 3 cards, probably with low CL's. One or two apps and a maxed out card or two could easily drop his score to sub to low 700's.


Starting Score:TransUnion: 698 (12 FEB 2010), Equifax: 674 (12 FEB 2010)
Current Score (Lender Pulled):TransUnion: 684 (12 SEP 2016), Equifax: 696 (12 SEP 2016), Experian: 679 (12 SEP 2016)
Goal Score:All scores All scores at least 700+ by December 2017!!

Take the FICO Fitness Challenge
Message 5 of 5
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