<div dir="ltr">Hello,<div><br></div><div>My guess is that you've seen conflicting things on this topic because the credit score formulas used are proprietary and secret. Since different companies use different formulas and information in determining your credit score, there is no standard beginning score. </div><div><br></div><div>The CFPB has a lot of good, unbiased information on this topic: <a href="http://www.consumerfinance.gov/askcfpb/search/?selected_facets=category_exact:understanding-credit-reports-and-scores">http://www.consumerfinance.gov/askcfpb/search/?selected_facets=category_exact:understanding-credit-reports-and-scores</a></div><div><br></div><div>The FTC as well: <a href="https://www.consumer.gov/articles/1009-your-credit-history">https://www.consumer.gov/articles/1009-your-credit-history</a></div><div class="gmail_extra"><br clear="all"><div><div class="gmail_signature" data-smartmail="gmail_signature"><div dir="ltr"><div><div dir="ltr"><div>Hope this helps, </div><div><br></div><div>Kate Moody<br></div><div><a href="https://twitter.com/librarikate" target="_blank">@librarikate</a><br><br></div><div>Access Services Librarian<br></div>Lane Library, Ripon College<br><div>(920) 748-8750<br><br>300 Seward Street<br>P.O. Box 248<br>Ripon, WI 54971-0248<br> <br><a href="https://twitter.com/lane_library" target="_blank"><span style="color:blue;text-decoration:none"><img src="cid:image001.gif@01CEF82C.E156E1A0" alt="twitter" border="0" height="36" width="36"></span></a> <a href="https://www.facebook.com/LaneLibraryRiponCollege" target="_blank"><span style="color:blue;text-decoration:none"><img src="cid:image002.gif@01CEF82C.E156E1A0" alt="facebook" border="0" height="36" width="36"></span></a> <a href="http://lane-library.blogspot.com/" target="_blank"><span style="color:blue;text-decoration:none"><img src="cid:image003.gif@01CEF82C.E156E1A0" alt="bloggerlogo" border="0" height="36" width="36"></span></a> <br> </div></div></div></div></div></div>
<br><div class="gmail_quote">On Fri, Jun 24, 2016 at 8:22 AM, Christel, Patricia <span dir="ltr"><<a href="mailto:Patricia.Christel@navient.com" target="_blank">Patricia.Christel@navient.com</a>></span> wrote:<br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">
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<p class="MsoNormal">Hi, Navient and EverFi offer free, open to the public interactive video on credit scores (along videos on student loan repayment options, how interest works and other topics), available here:
<a href="https://www.navientpath.com/navientpath/curriculum/show?enrollment_id=9967228&signup=1" target="_blank">
https://www.navientpath.com/navientpath/curriculum/show?enrollment_id=9967228&signup=1</a><u></u><u></u></p>
<p class="MsoNormal"><u></u> <u></u></p>
<p class="MsoNormal">--Patricia<u></u><u></u></p>
<p class="MsoNormal"><u></u> <u></u></p>
<p class="MsoNormal"><b><span style="color:#333333"><u></u> <u></u></span></b></p>
<p class="MsoNormal"><img border="0" width="155" height="25" src="cid:image002.jpg@01D1CDF9.EE0FD1E0" alt="cid:image001.jpg@01CF4E7F.62992310"><u></u><u></u></p>
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<p class="MsoNormal"><b><span style="font-size:9.0pt;font-family:"Arial",sans-serif;color:#313131">Patricia Nash Christel<br>
</span></b><span style="font-size:9.0pt;font-family:"Arial",sans-serif;color:#313131">Vice President, Corporate Communications<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:9.0pt;font-family:"Arial",sans-serif;color:#313131">Navient</span><span style="font-size:9.0pt;font-family:"Arial",sans-serif;color:#313131"><br>
</span><span style="font-size:8.0pt;font-family:"Arial",sans-serif;color:#313131">123 Justison Street, Wilmington, DE 19801<br>
<a href="tel:302.283.4076" value="+13022834076" target="_blank">302.283.4076</a> </span><span style="font-size:8.0pt;font-family:"Arial",sans-serif;color:#1d477b">(</span><span style="font-size:8.0pt;font-family:"Arial",sans-serif;color:#313131">t</span><span style="font-size:8.0pt;font-family:"Arial",sans-serif;color:#1d477b">)
</span><span style="font-size:8.0pt;font-family:"Arial",sans-serif;color:#313131">| <a href="tel:202.262.1531" value="+12022621531" target="_blank">202.262.1531</a>
</span><span style="font-size:8.0pt;font-family:"Arial",sans-serif;color:#1d477b">(c)<br>
</span><span style="font-size:8.0pt;font-family:"Arial",sans-serif"><a href="mailto:patricia.christel@navient.com" target="_blank">patricia.christel@navient.com</a><u><span style="color:blue"><br>
</span><span style="color:#0000fe">Navient.com</span></u><u></u><u></u></span></p>
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<p class="MsoNormal"><b>From:</b> Natfinwellness [mailto:<a href="mailto:natfinwellness-bounces%2Bpatricia.christel" target="_blank">natfinwellness-bounces+patricia.christel</a>=<a href="mailto:navient.com@lists.osu.edu" target="_blank">navient.com@lists.osu.edu</a>]
<b>On Behalf Of </b>Brenda J Cude<br>
<b>Sent:</b> Friday, June 24, 2016 9:08 AM<br>
<b>To:</b> <a href="mailto:natfinwellness@lists.osu.edu" target="_blank">natfinwellness@lists.osu.edu</a><br>
<b>Subject:</b> Re: [Natfinwellness] Credit Scores (Starting Score)<u></u><u></u></p>
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<p style="background:white"><span style="font-family:"Tahoma",sans-serif;color:black">The average score is around 690 and 720-740 is considered a good target to build a credit score (<a href="http://www.credit.org/credit-scores-good-credit-scores/?gclid=CjwKEAjwtLO7BRDax4-I4_6G71USJAA6FjN1jjQrduGk9gI4YKR8MUam_MkfOhJxpxMQPo1ERt_pdxoCoVzw_wcB" target="_blank">http://www.credit.org/credit-scores-good-credit-scores/?gclid=CjwKEAjwtLO7BRDax4-I4_6G71USJAA6FjN1jjQrduGk9gI4YKR8MUam_MkfOhJxpxMQPo1ERt_pdxoCoVzw_wcB</a>).
<u></u><u></u></span></p>
<p style="background:white"><span style="font-family:"Tahoma",sans-serif;color:black"><u></u> <u></u></span></p>
<p style="background:white"><span style="font-family:"Tahoma",sans-serif;color:black">Average credit scores increase with age (<a href="https://www.creditkarma.com/trends/age" title="Ctrl+Click or tap to follow the link" target="_blank">https://www.creditkarma.com/trends/age</a>)
, income and state (<a href="http://www.valuepenguin.com/average-credit-score" target="_blank">http://www.valuepenguin.com/average-credit-score</a>)<u></u><u></u></span></p>
<p style="background:white"><span style="font-family:"Tahoma",sans-serif;color:black"><u></u> <u></u></span></p>
<p style="background:white"><span style="font-family:"Tahoma",sans-serif;color:black">I also think it's important to distinguish between FICO Scores (used by 90% of lenders) and VantageScores.<u></u><u></u></span></p>
<p style="background:white"><span style="font-family:"Tahoma",sans-serif;color:black"><u></u> <u></u></span></p>
<p style="background:white"><span style="font-family:"Tahoma",sans-serif;color:black">bjc<u></u><u></u></span></p>
<p style="background:white"><span style="font-family:"Tahoma",sans-serif;color:black"><u></u> <u></u></span></p>
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<p class="MsoNormal" style="margin-top:15.0pt"><span style="font-size:16.0pt;font-family:"Segoe UI Light",sans-serif;color:#0078d7"><a href="http://www.credit.org/credit-scores-good-credit-scores/?gclid=CjwKEAjwtLO7BRDax4-I4_6G71USJAA6FjN1jjQrduGk9gI4YKR8MUam_MkfOhJxpxMQPo1ERt_pdxoCoVzw_wcB" target="_blank"><span style="text-decoration:none">Credit.org
What Credit Scores Are Good Credit Scores ...</span></a><u></u><u></u></span></p>
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<p class="MsoNormal" style="margin-top:15.0pt;line-height:10.5pt"><span style="font-size:10.5pt;font-family:"Segoe UI",sans-serif;color:#666666"><a href="http://www.credit.org" target="_blank">www.credit.org</a><u></u><u></u></span></p>
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<p class="MsoNormal" style="margin-top:15.0pt;line-height:15.0pt"><span style="font-size:10.5pt;font-family:"Segoe UI",sans-serif;color:#666666">When talking about what makes up a good credit score range, we referred to our infographic, “What is a good credit
score?” The guidelines we use are fairly ...<u></u><u></u></span></p>
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<p style="background:white"><span style="font-family:"Tahoma",sans-serif;color:black"><u></u> <u></u></span></p>
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<p class="MsoNormal" style="margin-top:15.0pt"><span style="font-size:16.0pt;font-family:"Segoe UI Light",sans-serif;color:#0078d7"><a href="http://www.valuepenguin.com/average-credit-score" target="_blank"><span style="text-decoration:none">Average
Credit Score in America: 2016 Breakdown</span></a><u></u><u></u></span></p>
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<p class="MsoNormal" style="margin-top:15.0pt;line-height:10.5pt"><span style="font-size:10.5pt;font-family:"Segoe UI",sans-serif;color:#666666"><a href="http://www.valuepenguin.com" target="_blank">www.valuepenguin.com</a><u></u><u></u></span></p>
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<p class="MsoNormal" style="margin-top:15.0pt;line-height:15.0pt"><span style="font-size:10.5pt;font-family:"Segoe UI",sans-serif;color:#666666">We break down what the average credit score is in America for different age groups, income levels, geographies and
first time home buyers. We also break down how ...<u></u><u></u></span></p>
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<p class="MsoNormal" style="background:white"><span style="font-size:12.0pt;font-family:"Tahoma",sans-serif;color:black"><u></u> <u></u></span></p>
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<p class="MsoNormal" style="margin-top:15.0pt;background:white"><span style="font-size:12.0pt;font-family:"Times New Roman",serif"><a href="https://www.creditkarma.com/trends/age" target="_blank"><span style="text-decoration:none"><img border="0" width="100" height="100"></span></a><u></u><u></u></span></p>
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<p class="MsoNormal" style="margin-top:15.0pt"><span style="font-size:16.0pt;font-family:"Segoe UI Light",sans-serif;color:#0078d7"><a href="https://www.creditkarma.com/trends/age" target="_blank"><span style="text-decoration:none">Credit
Trends by Age | Credit Karma</span></a><u></u><u></u></span></p>
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<p class="MsoNormal" style="margin-top:15.0pt;line-height:10.5pt"><span style="font-size:10.5pt;font-family:"Segoe UI",sans-serif;color:#666666"><a href="http://www.creditkarma.com" target="_blank">www.creditkarma.com</a><u></u><u></u></span></p>
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<p class="MsoNormal" style="margin-top:15.0pt;line-height:15.0pt"><span style="font-size:10.5pt;font-family:"Segoe UI",sans-serif;color:#666666">Based on our data, there is a clear relationship between age and average credit scores. Generally speaking, younger
consumers have lower credit scores on average.<u></u><u></u></span></p>
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<p class="MsoNormal" style="background:white"><b><span style="color:black">Brenda J. Cude, Ph.D.
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<p class="MsoNormal" style="background:white"><span style="color:black">Professor and Undergraduate Coordinator</span><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif;color:black"><u></u><u></u></span></p>
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<p class="MsoNormal" style="background:white"><b><span style="color:black">Department of Financial Planning, Housing and Consumer Economics</span></b><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif;color:black"><u></u><u></u></span></p>
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<p class="MsoNormal" style="background:white"><span style="color:black">102 Consumer Research Center</span><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif;color:black"><u></u><u></u></span></p>
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<p class="MsoNormal" style="background:white"><span style="color:black">College of Family and Consumer Sciences</span><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif;color:black"><u></u><u></u></span></p>
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<p class="MsoNormal" style="background:white"><span style="color:black">The University of Georgia</span><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif;color:black"><u></u><u></u></span></p>
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<p class="MsoNormal" style="background:white"><span style="color:black"><a href="tel:706-542-4857" value="+17065424857" target="_blank">706-542-4857</a><br>
<a href="http://www.linkedin.com/in/brendacude/" title="Ctrl+Click or tap to follow the link" target="_blank">http://www.linkedin.com/in/brendacude/</a></span><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif;color:black"><u></u><u></u></span></p>
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<p class="MsoNormal" style="background:white"><span style="color:black"><a href="https://bluprd0210.outlook.com/owa/redir.aspx?C=vOIcKdF-3E-1tQaJcKgYQF7RyIsVntAImS-Xqj8YC7a38WwtY4lVWDFxHZFCLgm286cvpkiARdE.&URL=mailto%3asworthy%40uga.edu" target="_blank">bcude@uga.edu</a><br>
Mailing Address: Department of Financial Planning, Housing and Consumer Economics, Dawson Hall, University of Georgia, Athens, GA 30602<br>
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<p class="MsoNormal"><b><span style="color:black">From:</span></b><span style="color:black"> Natfinwellness <<a href="mailto:natfinwellness-bounces@lists.osu.edu" target="_blank">natfinwellness-bounces@lists.osu.edu</a>> on behalf of LIPINOGA, LAUREN <<a href="mailto:LIPINOGA@mailbox.sc.edu" target="_blank">LIPINOGA@mailbox.sc.edu</a>><br>
<b>Sent:</b> Thursday, June 23, 2016 6:41:19 PM<br>
<b>To:</b> <a href="mailto:natfinwellness@lists.osu.edu" target="_blank">natfinwellness@lists.osu.edu</a><br>
<b>Subject:</b> [Natfinwellness] Credit Scores (Starting Score)</span><span style="font-size:12.0pt;font-family:"Times New Roman",serif">
<u></u><u></u></span></p>
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<p class="MsoNormal">Greetings All,<u></u><u></u></p>
<p class="MsoNormal"><u></u> <u></u></p>
<p class="MsoNormal">I’m working on revamping our Financial Literacy consultations and what is discussed during them. For our Building & Managing Credit consultation, one topic discussed is credit scores, including the range and if you’re just starting to build
credit, where you generally start in terms of score? I know the range is obviously 300-850 but have seen conflicting things regarding where folks start in terms of a credit score. Does anyone know where I could find this information/know the answer so that
I can pass on the appropriate information? <u></u><u></u></p>
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<p class="MsoNormal">Thanks!<u></u><u></u></p>
<p class="MsoNormal">Lauren Lipinoga<u></u><u></u></p>
<p class="MsoNormal"><u></u> <u></u></p>
<p class="MsoNormal"><b><span style="font-family:"Century Schoolbook";color:#943634">Lauren E. Lipinoga, M.Ed.<u></u><u></u></span></b></p>
<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Century Schoolbook"">Coordinator of Financial Literacy, Student Success Center<u></u><u></u></span></b></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Century Schoolbook";color:#333333">Division of Student Affairs and Academic Support<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Century Schoolbook";color:#333333">Thomas Cooper Library-Mezzanine<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Century Schoolbook";color:#333333">1322 Greene Street
<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Century Schoolbook";color:#333333">Columbia, South Carolina 29208<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Century Schoolbook";color:#333333">Phone: <a href="tel:803.777.9972" value="+18037779972" target="_blank">803.777.9972</a><u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Century Schoolbook";color:#333333">Email:
<a href="mailto:lipinoga@mailbox.sc.edu" target="_blank">lipinoga@mailbox.sc.edu</a><u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-family:"Century Schoolbook";color:#1f497d"><img border="0" width="224" height="61" src="cid:image003.jpg@01D1CDF9.EE0FD1E0" alt="https://www.parkersearch.com/dashboard/uploads/photos/usc_long1351087132.jpg"></span><span style="font-family:"Century Schoolbook";color:#333333"><u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-family:"Century Schoolbook";color:#333333"><a href="http://www.sa.sc.edu/ssc/" target="_blank">http://www.sa.sc.edu/ssc/</a><u></u><u></u></span></p>
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This E-Mail has been scanned for viruses.<u></u><u></u></span></p>
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