This blog post was initially going to be about the necessity of a credit card. I experienced an incident with my daughter at a local car rental place that left me feeling that credit cards were essential.
According to Experian’s sixth annual State of Credit report the average Vantage credit score of Jacksonville Florida residents is 654 on a scale of 300 to 850. The Vantage credit score’s national average is 673 on a scale of 300 to 850. The above scores rank fair on the credit rating scale.
Understanding how credit scores are developed elude most people. Unfortunately, people don’t want to admit that fair/poor credit is attributed to a lack of education regarding how money management decisions affects creditworthiness.