I stumbled upon this infographic not too long ago. It has some interesting
information regarding how credit scores are factored. It also includes
some disturbing data. The average household credit card debt is over $15,000.
On average, Americans have over $2,000 in credit card debt per person.
Not surprisingly, the map that shows average credit scores as compared
to bankruptcy filings demonstrates that areas with high foreclosure rates
have also seen lower credit scores and more bankruptcy filings than areas
with lower foreclosure rates.
The source for the image below is
here. Click on "continue reading" to view it.