Just for kicks and grins and opinions - below is what creditKarma said about me today (PS: I wonder if a guy can borrow from his pension - let me guess . . . taxes and penalties in the 25% range?!):My Credit Score: 737 (as of 11/2/12)The range is a low of 730 for the month of June 2012 – the high was 758 for the month of Feb 2012Credit Card Utilization (Grade A - 14%)Credit score obtained is a TransUnion TransRisk score generated from a single TransUnion credit bureau. The score you receive with Sears Credit Score is provided for educational purposes to help you understand your credit. Lenders use many different credit scoring systems, and the score you receive with this program is not the same score used by lenders to evaluate your credit.Given that you have a high credit score lenders should be able to conclude that you are capable of repaying your debts. This information will aid in the determination of whether you receive an excellent offer or just a respectful offer.Creditworthiness RankingBased on your credit score, your creditworthiness ranking is: GOOD (just about in the middle of the “Good” category.The categories were: Very poor/ poor/ fair/ good/ very goodCredit card utilization is defined as the total credit card debt you have divided by the total available credit on your credit cards. High credit card utilization can be a warning sign of credit risk.National PercentileCompare your score against other US consumers. You are here 74% (meaning aprox 26% of the population is a head of me).More details:Open Credit Card Utilization 14%. A Credit card utilization is defined as your total credit card balances divided by your total credit card limits. The utilization percentage is often correlated to your credit score.Details:Open Credit Card Debt (w/ Limits Reported): $19,650Credit Card Limit: $137,550Open Credit Card Debt (w/o Limits Reported): $0Since some credit cards do not report the limit, we have separated these balances as not to affect your overall Credit Card Utilization.Note: You do not have to carry a credit card balance from month to month to show credit card utilization. Simply using your card is enough to show activity, even if you pay the balance in full and never accrue interest. Credit card balances are reported by the issuer every 30 days based on the balance on that particular day. There is no distinction between revolving and paid-in-full balances on your credit report.Open Credit Card Utilization information is based on your TransUnion credit report updated on Nov 1, 2012.Open Credit Card Utilization PercentileSee how your open credit card utilization stacks up against other users enrolled in this benefit.You are here 34.5%Tracking Your Open Credit Card UtilizationEach month your credit information will be automatically updated. This chart will better help you track your open credit card utilization and financial health.^^^^^^Percent of On-Time Payments – (Grade A - 100%)On-time payments are an important component of your credit score. Using your credit responsibly and paying bills on time are great ways to maintain a good credit score.More details:There is a strong correlation between credit scores and on-time payment history. Consumers should make their best effort to pay bills on time to maintain a good credit score. The above chart illustrates the relationship between percent of on-time payments and credit score.Credit Score Weight: High^^^^^Average Age of Open Credit Lines – (Grade C - 4 years/6months)Credit history is a significant component of your credit score. As such, the average age of your credit lines can be a strong indication of your credit history.More details:The average age of your credit lines is a measurement of the average age of your credit history. Consumers with longer credit histories tend to have better credit scores. The above chart illustrates the relation between credit scores and average age of credit history.Credit Score Weight: Medium ^^^^^Total Accounts – (Grade A – 61 accounts)The total number of credit accounts you have and the mix of credit you have will affect your credit score. A healthy mix of revolving credit cards, charge cards, installment loans and mortgages will also impact your credit score.More details:The total number of accounts listed on your credit report.Details:Open Accounts: 24Closed Accounts: 37Total Accounts information is based on your TransUnion credit report updated on Nov 1, 2012.Total Accounts Percentile - See how your total accounts stack up against other users enrolled in this benefit. You are here - 99.4%Total accounts is another measure of your creditworthiness. The above chart illustrates the relationship between credit scores and total accounts on your credit report.Credit Score Weight: Medium ^^^^^Credit Inquiries – (Grade D – 7 inquiries)Inquiries for credit, also known as hard inquiries, are placed on your credit report whenever you apply for credit. These results are the inquiries for credit over the last 2 years. It is important to note that soft inquiries do not impact your credit score and are not counted in this metric.More details:Too many hard inquiries may indicate a greater credit risk. As such, there is a clear relationship between hard inquiries and credit score. The chart above illustrates the relationship between credit scores and hard inquiries. It is important to note that use of this site does not count towards this metric and does not negatively affect your credit score.Credit Score Weight: MediumTotal Hard Credit Inquiries PercentileSee how your total hard credit inquiries stack up against other users enrolled in this benefit. You are here 70.4%.
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