What is the relationship between credit score and zip code?

Submitted by Webmaster on Fri, 2019-11-08 09:14
What is the relationship between credit score and zip code?
The zip code reflecets personal credit score. When it comes to the credit score corresponding to the zip code, it means your personal credit score.

Knowing your zip code is important to your credit score, and credit score is a key part of improving your credit level, which will help you qualify for better loan terms, determine mortgage rates and help you negotiate credit card transactions.

In terms of age and marital status, people who spend more time working on credit and have a longer debt history also have higher credit scores. Credit scores should be used to measure a person’s debt handling ability. Generally speaking, people with good debt management experience will have a higher credit score. Also when it comes to the credit score, it not say someone's credit score, but a zip code corresponding to the credit score. Equifax is one of the top three credit reporting agencies in the United States. The Equifax credit score ranges from 300 to 850. The 9-digit zip code (also known as postal code plus 4) is the smallest unit for obtaining credit score data. Thinking about privacy protection, 5 digit zip code may be used more.

At present, there are four types of 5 digit zip code in the United States, which means that many people share the same zip code, and share the same credit score. If you move, your zip code may change and your zip code credit score may change.

The credit score corresponding to the zip code represents the personal credit score, so when you charge the credit card at some gas stations in the United States, you will also be asked to enter the corresponding zip code.

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