The national average Experian PLUS Score[SM] for consumers is 677."
Higher credit is not necessarily bad as long as it is property managed and payments are made on time. However, if even one payment is late, it can have significant negative impact on credit scores.
The average Experian PLUS Score[SM] for consumers with one delinquency in the last year is 598 versus 759 for those with no delinquent payments.
Paying off problem credit cards and bills, while sound financial advice limiting your exposure to future credit problems, is not a guarantee that your credit scores will immediately improve significantly, if at all. This is a long term solution. The key is to avoid the situation in the first place or at least correct the situation and focus on avoiding late payments in the future.
Source: OrginatorTimes, Gerri Detweiler, Author
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