Things You Find While Noodling Around Equifax_s Web Site at Midnight

I’m a trivia buff. I’m also someone who likes obscure facts and figures. While I was looking for something on Equifax’s site the other night, I ran across several pages that had some interesting facts on them. I imagine that you’ll recognize some of them; but there might be some things that you didn’t know. If you find other things (in the future) — that I missed — feel free to post them in the comments section at the bottom of this page. The information doesn’t have to come from Equifax, either. I’m interested in all kinds of credit trivia. I don’t care if the information comes from FICO, TransUnion, Experian, or whatever. I only ask that you provide the source of your information. As I find more stuff in the future, I’ll be sure to post it in the comments section as well. I’ll start off with the stuff that I recently found on Equifax’s site:FICO — POPULATION OF CONSUMERS WHO HAVE THESE SCORES20% are above 78020% are in the range of 745 – 78020% are in the range of 690 – 74520% are in the range of 620 – 69020% are below 619TOP REASONS FOR GETTING DENIED CREDIT — THE REASON CODES USEDSerious delinquencySerious delinquency, and public record or collection fieldTime since delinquency is too recent or unknownLevel of delinquency on accounts is too highNumber of accounts with delinquency is too highAmount owed too high on accountsRatio of balances to credit limits on revolving accounts is too highLength of time accounts has been established is too shortToo many accounts with balancesNEGATIVE INFORMATION — HOW LONG WILL IT REMAIN ON YOUR CREDIT REPORT?Credit AccountsAccounts not paid as agreed generally remain on your credit file for 7 years from the date the account first became past due leading to the current not paid status. Late Payment History generally remains on your credit file for 7 years.Collection AccountsCollection accounts generally remain on your credit file for seven years from the date the account first became past due that led to the account becoming placed with a collection agency.Public RecordsJudgments generally remain on your credit file for 7 years from the date filed, whether satisfied (paid) or not. Paid tax liens generally remain on your credit file for 7 years from the date released (paid). Unpaid tax liens generally remain on your credit file indefinitely.BankruptcyA bankruptcy under chapter 7 or 11, or a non-discharged or dismissed chapter 13 bankruptcy generally remains on your credit file for 10 years from the date filed. A discharged chapter 13 bankruptcy generally remains on your credit file for 7 years from the date filed.InquiriesInquiries are a record of companies and others who obtained a copy of your Equifax credit file. The Fair Credit Reporting Act (FCRA) requires that Equifax disclose to you who requested copies of your credit file. Depending on the reason your credit file was accessed, Equifax generally retains these for one to two years.Source: Equifax.comIf you have more facts and figures, not just from Equifax, please post them here.