Uncle Sam's Credit Score

WHAT IS THE CREDIT SCORE of the UNITED STATES The United States enjoys the highest possible sovereign credit rating of AAA. This rating is wrapped up in all kinds of economic, social and political factors and is generally not relative with the experience of everyday people. What would happen if Uncle Sam applied for a loan at his local bank? What if we calculated the United States credit rating like our own is calculated? Let's figure out Uncle Sam's FICO score. HOW A FICO SCORE IS CALCULATED Debt Level Length of Credit History 30% 15% Types of Credit Used 10% 10% 35% New Credit / Inquiries Payment History APPLIED TO THE UNITED STATES Payment History The most positive aspect of the credit report is the fact that the US has never missed a payment. Any creditor is paid when they cash in a treasury security. Of course the government can just print money to meet it's needs, devaluing its currency in the process, but at least there are no phone calls from collection agencies. 35% Verdict: VERY GOOD Debt Level Not the most attractive part of the report, the US owes over $10.5 trillion to its creditors. If the $2.7 trillion the US collects each year in taxes is its income, then the government owes almost 4 times it's yearly take. Compare that to your own debt level and you can see why this seems insurmountable. 30% The US is currently using about 93% of the congressionally set credit limit. Whenever it looks like the US will max out its credit cards, the limit is raised. Verdict: VERY BAD Length of Credit History The US first went into debt to finance its own birth, the Revolutionary War. It needed to borrow money to issue the first pay checks and has ever since owed money to somebody. Over 200 years is a long time to build a credit history and define spending habits. 15% Whenever there is a war or a financial collapse, the US borrows heavily. Any creditor can see the US is in currently in the midst of both. Verdict: GOOD Types of Credit Used The good news is that the US has experience managing different types of credit. Long term, short term, and a variety of debt instruments show an apt ability to manage finances, according to most credit companies. The bad news is that the US has a lot of creditors. Millions of them if you include individual holders of notes and bills. The major players are numerous t00. Half a trillion owed to China and Japan apiece and the list goes on. Other major creditors include the US states themselves, and large mutual fund and insurance companies. 10% Verdict: FAIR New Credit / Inquiries So the US is in a bit of a jam and has had to borrow more than usual lately. The credit limit was raised and there have been some recent spending sprees. The US has had to entice future creditors with attractive rates. 10% A flurry of spending does not look good on a credit report. Verdict: BAD Now if this information is run through a FICO score calculator, the United States would receive an average score of 645. 645 Excellent 750-800 Good 660-749 Fair 620-659 UNITED STATES FÍCO SCORE Poor 350-619 Applying for a loan, this would put the United States in the subprime category. If Uncle Sam wanted to buy a house, he would get a rate of 7.836% for a 30 Year Fixed rate. A new car on a 60 month loan would be 11.899%. The credit report of the United States is not attractive to creditors except for the part about never missing a payment. This is huge and what keeps the creditors coming back for more. As long as creditors accept the US dollar as a form of payment, the US FICO score will remain stable. The best actions the US could take to improve its score is the same things we all could do. Take steps to reduce the mountain of debt and cut back on the reckless spending. creditloan.com/blog/ WHAT IS THE CREDIT SCORE of the UNITED STATES The United States enjoys the highest possible sovereign credit rating of AAA. This rating is wrapped up in all kinds of economic, social and political factors and is generally not relative with the experience of everyday people. What would happen if Uncle Sam applied for a loan at his local bank? What if we calculated the United States credit rating like our own is calculated? Let's figure out Uncle Sam's FICO score. HOW A FICO SCORE IS CALCULATED Debt Level Length of Credit History 30% 15% Types of Credit Used 10% 10% 35% New Credit / Inquiries Payment History APPLIED TO THE UNITED STATES Payment History The most positive aspect of the credit report is the fact that the US has never missed a payment. Any creditor is paid when they cash in a treasury security. Of course the government can just print money to meet it's needs, devaluing its currency in the process, but at least there are no phone calls from collection agencies. 35% Verdict: VERY GOOD Debt Level Not the most attractive part of the report, the US owes over $10.5 trillion to its creditors. If the $2.7 trillion the US collects each year in taxes is its income, then the government owes almost 4 times it's yearly take. Compare that to your own debt level and you can see why this seems insurmountable. 30% The US is currently using about 93% of the congressionally set credit limit. Whenever it looks like the US will max out its credit cards, the limit is raised. Verdict: VERY BAD Length of Credit History The US first went into debt to finance its own birth, the Revolutionary War. It needed to borrow money to issue the first pay checks and has ever since owed money to somebody. Over 200 years is a long time to build a credit history and define spending habits. 15% Whenever there is a war or a financial collapse, the US borrows heavily. Any creditor can see the US is in currently in the midst of both. Verdict: GOOD Types of Credit Used The good news is that the US has experience managing different types of credit. Long term, short term, and a variety of debt instruments show an apt ability to manage finances, according to most credit companies. The bad news is that the US has a lot of creditors. Millions of them if you include individual holders of notes and bills. The major players are numerous t00. Half a trillion owed to China and Japan apiece and the list goes on. Other major creditors include the US states themselves, and large mutual fund and insurance companies. 10% Verdict: FAIR New Credit / Inquiries So the US is in a bit of a jam and has had to borrow more than usual lately. The credit limit was raised and there have been some recent spending sprees. The US has had to entice future creditors with attractive rates. 10% A flurry of spending does not look good on a credit report. Verdict: BAD Now if this information is run through a FICO score calculator, the United States would receive an average score of 645. 645 Excellent 750-800 Good 660-749 Fair 620-659 UNITED STATES FÍCO SCORE Poor 350-619 Applying for a loan, this would put the United States in the subprime category. If Uncle Sam wanted to buy a house, he would get a rate of 7.836% for a 30 Year Fixed rate. A new car on a 60 month loan would be 11.899%. The credit report of the United States is not attractive to creditors except for the part about never missing a payment. This is huge and what keeps the creditors coming back for more. As long as creditors accept the US dollar as a form of payment, the US FICO score will remain stable. The best actions the US could take to improve its score is the same things we all could do. Take steps to reduce the mountain of debt and cut back on the reckless spending. creditloan.com/blog/ WHAT IS THE CREDIT SCORE of the UNITED STATES The United States enjoys the highest possible sovereign credit rating of AAA. This rating is wrapped up in all kinds of economic, social and political factors and is generally not relative with the experience of everyday people. What would happen if Uncle Sam applied for a loan at his local bank? What if we calculated the United States credit rating like our own is calculated? Let's figure out Uncle Sam's FICO score. HOW A FICO SCORE IS CALCULATED Debt Level Length of Credit History 30% 15% Types of Credit Used 10% 10% 35% New Credit / Inquiries Payment History APPLIED TO THE UNITED STATES Payment History The most positive aspect of the credit report is the fact that the US has never missed a payment. Any creditor is paid when they cash in a treasury security. Of course the government can just print money to meet it's needs, devaluing its currency in the process, but at least there are no phone calls from collection agencies. 35% Verdict: VERY GOOD Debt Level Not the most attractive part of the report, the US owes over $10.5 trillion to its creditors. If the $2.7 trillion the US collects each year in taxes is its income, then the government owes almost 4 times it's yearly take. Compare that to your own debt level and you can see why this seems insurmountable. 30% The US is currently using about 93% of the congressionally set credit limit. Whenever it looks like the US will max out its credit cards, the limit is raised. Verdict: VERY BAD Length of Credit History The US first went into debt to finance its own birth, the Revolutionary War. It needed to borrow money to issue the first pay checks and has ever since owed money to somebody. Over 200 years is a long time to build a credit history and define spending habits. 15% Whenever there is a war or a financial collapse, the US borrows heavily. Any creditor can see the US is in currently in the midst of both. Verdict: GOOD Types of Credit Used The good news is that the US has experience managing different types of credit. Long term, short term, and a variety of debt instruments show an apt ability to manage finances, according to most credit companies. The bad news is that the US has a lot of creditors. Millions of them if you include individual holders of notes and bills. The major players are numerous t00. Half a trillion owed to China and Japan apiece and the list goes on. Other major creditors include the US states themselves, and large mutual fund and insurance companies. 10% Verdict: FAIR New Credit / Inquiries So the US is in a bit of a jam and has had to borrow more than usual lately. The credit limit was raised and there have been some recent spending sprees. The US has had to entice future creditors with attractive rates. 10% A flurry of spending does not look good on a credit report. Verdict: BAD Now if this information is run through a FICO score calculator, the United States would receive an average score of 645. 645 Excellent 750-800 Good 660-749 Fair 620-659 UNITED STATES FÍCO SCORE Poor 350-619 Applying for a loan, this would put the United States in the subprime category. If Uncle Sam wanted to buy a house, he would get a rate of 7.836% for a 30 Year Fixed rate. A new car on a 60 month loan would be 11.899%. The credit report of the United States is not attractive to creditors except for the part about never missing a payment. This is huge and what keeps the creditors coming back for more. As long as creditors accept the US dollar as a form of payment, the US FICO score will remain stable. The best actions the US could take to improve its score is the same things we all could do. Take steps to reduce the mountain of debt and cut back on the reckless spending. creditloan.com/blog/ WHAT IS THE CREDIT SCORE of the UNITED STATES The United States enjoys the highest possible sovereign credit rating of AAA. This rating is wrapped up in all kinds of economic, social and political factors and is generally not relative with the experience of everyday people. What would happen if Uncle Sam applied for a loan at his local bank? What if we calculated the United States credit rating like our own is calculated? Let's figure out Uncle Sam's FICO score. HOW A FICO SCORE IS CALCULATED Debt Level Length of Credit History 30% 15% Types of Credit Used 10% 10% 35% New Credit / Inquiries Payment History APPLIED TO THE UNITED STATES Payment History The most positive aspect of the credit report is the fact that the US has never missed a payment. Any creditor is paid when they cash in a treasury security. Of course the government can just print money to meet it's needs, devaluing its currency in the process, but at least there are no phone calls from collection agencies. 35% Verdict: VERY GOOD Debt Level Not the most attractive part of the report, the US owes over $10.5 trillion to its creditors. If the $2.7 trillion the US collects each year in taxes is its income, then the government owes almost 4 times it's yearly take. Compare that to your own debt level and you can see why this seems insurmountable. 30% The US is currently using about 93% of the congressionally set credit limit. Whenever it looks like the US will max out its credit cards, the limit is raised. Verdict: VERY BAD Length of Credit History The US first went into debt to finance its own birth, the Revolutionary War. It needed to borrow money to issue the first pay checks and has ever since owed money to somebody. Over 200 years is a long time to build a credit history and define spending habits. 15% Whenever there is a war or a financial collapse, the US borrows heavily. Any creditor can see the US is in currently in the midst of both. Verdict: GOOD Types of Credit Used The good news is that the US has experience managing different types of credit. Long term, short term, and a variety of debt instruments show an apt ability to manage finances, according to most credit companies. The bad news is that the US has a lot of creditors. Millions of them if you include individual holders of notes and bills. The major players are numerous t00. Half a trillion owed to China and Japan apiece and the list goes on. Other major creditors include the US states themselves, and large mutual fund and insurance companies. 10% Verdict: FAIR New Credit / Inquiries So the US is in a bit of a jam and has had to borrow more than usual lately. The credit limit was raised and there have been some recent spending sprees. The US has had to entice future creditors with attractive rates. 10% A flurry of spending does not look good on a credit report. Verdict: BAD Now if this information is run through a FICO score calculator, the United States would receive an average score of 645. 645 Excellent 750-800 Good 660-749 Fair 620-659 UNITED STATES FÍCO SCORE Poor 350-619 Applying for a loan, this would put the United States in the subprime category. If Uncle Sam wanted to buy a house, he would get a rate of 7.836% for a 30 Year Fixed rate. A new car on a 60 month loan would be 11.899%. The credit report of the United States is not attractive to creditors except for the part about never missing a payment. This is huge and what keeps the creditors coming back for more. As long as creditors accept the US dollar as a form of payment, the US FICO score will remain stable. The best actions the US could take to improve its score is the same things we all could do. Take steps to reduce the mountain of debt and cut back on the reckless spending. creditloan.com/blog/ WHAT IS THE CREDIT SCORE of the UNITED STATES The United States enjoys the highest possible sovereign credit rating of AAA. This rating is wrapped up in all kinds of economic, social and political factors and is generally not relative with the experience of everyday people. What would happen if Uncle Sam applied for a loan at his local bank? What if we calculated the United States credit rating like our own is calculated? Let's figure out Uncle Sam's FICO score. HOW A FICO SCORE IS CALCULATED Debt Level Length of Credit History 30% 15% Types of Credit Used 10% 10% 35% New Credit / Inquiries Payment History APPLIED TO THE UNITED STATES Payment History The most positive aspect of the credit report is the fact that the US has never missed a payment. Any creditor is paid when they cash in a treasury security. Of course the government can just print money to meet it's needs, devaluing its currency in the process, but at least there are no phone calls from collection agencies. 35% Verdict: VERY GOOD Debt Level Not the most attractive part of the report, the US owes over $10.5 trillion to its creditors. If the $2.7 trillion the US collects each year in taxes is its income, then the government owes almost 4 times it's yearly take. Compare that to your own debt level and you can see why this seems insurmountable. 30% The US is currently using about 93% of the congressionally set credit limit. Whenever it looks like the US will max out its credit cards, the limit is raised. Verdict: VERY BAD Length of Credit History The US first went into debt to finance its own birth, the Revolutionary War. It needed to borrow money to issue the first pay checks and has ever since owed money to somebody. Over 200 years is a long time to build a credit history and define spending habits. 15% Whenever there is a war or a financial collapse, the US borrows heavily. Any creditor can see the US is in currently in the midst of both. Verdict: GOOD Types of Credit Used The good news is that the US has experience managing different types of credit. Long term, short term, and a variety of debt instruments show an apt ability to manage finances, according to most credit companies. The bad news is that the US has a lot of creditors. Millions of them if you include individual holders of notes and bills. The major players are numerous t00. Half a trillion owed to China and Japan apiece and the list goes on. Other major creditors include the US states themselves, and large mutual fund and insurance companies. 10% Verdict: FAIR New Credit / Inquiries So the US is in a bit of a jam and has had to borrow more than usual lately. The credit limit was raised and there have been some recent spending sprees. The US has had to entice future creditors with attractive rates. 10% A flurry of spending does not look good on a credit report. Verdict: BAD Now if this information is run through a FICO score calculator, the United States would receive an average score of 645. 645 Excellent 750-800 Good 660-749 Fair 620-659 UNITED STATES FÍCO SCORE Poor 350-619 Applying for a loan, this would put the United States in the subprime category. If Uncle Sam wanted to buy a house, he would get a rate of 7.836% for a 30 Year Fixed rate. A new car on a 60 month loan would be 11.899%. The credit report of the United States is not attractive to creditors except for the part about never missing a payment. This is huge and what keeps the creditors coming back for more. As long as creditors accept the US dollar as a form of payment, the US FICO score will remain stable. The best actions the US could take to improve its score is the same things we all could do. Take steps to reduce the mountain of debt and cut back on the reckless spending. creditloan.com/blog/ WHAT IS THE CREDIT SCORE of the UNITED STATES The United States enjoys the highest possible sovereign credit rating of AAA. This rating is wrapped up in all kinds of economic, social and political factors and is generally not relative with the experience of everyday people. What would happen if Uncle Sam applied for a loan at his local bank? What if we calculated the United States credit rating like our own is calculated? Let's figure out Uncle Sam's FICO score. HOW A FICO SCORE IS CALCULATED Debt Level Length of Credit History 30% 15% Types of Credit Used 10% 10% 35% New Credit / Inquiries Payment History APPLIED TO THE UNITED STATES Payment History The most positive aspect of the credit report is the fact that the US has never missed a payment. Any creditor is paid when they cash in a treasury security. Of course the government can just print money to meet it's needs, devaluing its currency in the process, but at least there are no phone calls from collection agencies. 35% Verdict: VERY GOOD Debt Level Not the most attractive part of the report, the US owes over $10.5 trillion to its creditors. If the $2.7 trillion the US collects each year in taxes is its income, then the government owes almost 4 times it's yearly take. Compare that to your own debt level and you can see why this seems insurmountable. 30% The US is currently using about 93% of the congressionally set credit limit. Whenever it looks like the US will max out its credit cards, the limit is raised. Verdict: VERY BAD Length of Credit History The US first went into debt to finance its own birth, the Revolutionary War. It needed to borrow money to issue the first pay checks and has ever since owed money to somebody. Over 200 years is a long time to build a credit history and define spending habits. 15% Whenever there is a war or a financial collapse, the US borrows heavily. Any creditor can see the US is in currently in the midst of both. Verdict: GOOD Types of Credit Used The good news is that the US has experience managing different types of credit. Long term, short term, and a variety of debt instruments show an apt ability to manage finances, according to most credit companies. The bad news is that the US has a lot of creditors. Millions of them if you include individual holders of notes and bills. The major players are numerous t00. Half a trillion owed to China and Japan apiece and the list goes on. Other major creditors include the US states themselves, and large mutual fund and insurance companies. 10% Verdict: FAIR New Credit / Inquiries So the US is in a bit of a jam and has had to borrow more than usual lately. The credit limit was raised and there have been some recent spending sprees. The US has had to entice future creditors with attractive rates. 10% A flurry of spending does not look good on a credit report. Verdict: BAD Now if this information is run through a FICO score calculator, the United States would receive an average score of 645. 645 Excellent 750-800 Good 660-749 Fair 620-659 UNITED STATES FÍCO SCORE Poor 350-619 Applying for a loan, this would put the United States in the subprime category. If Uncle Sam wanted to buy a house, he would get a rate of 7.836% for a 30 Year Fixed rate. A new car on a 60 month loan would be 11.899%. The credit report of the United States is not attractive to creditors except for the part about never missing a payment. This is huge and what keeps the creditors coming back for more. As long as creditors accept the US dollar as a form of payment, the US FICO score will remain stable. The best actions the US could take to improve its score is the same things we all could do. Take steps to reduce the mountain of debt and cut back on the reckless spending. creditloan.com/blog/ WHAT IS THE CREDIT SCORE of the UNITED STATES The United States enjoys the highest possible sovereign credit rating of AAA. This rating is wrapped up in all kinds of economic, social and political factors and is generally not relative with the experience of everyday people. What would happen if Uncle Sam applied for a loan at his local bank? What if we calculated the United States credit rating like our own is calculated? Let's figure out Uncle Sam's FICO score. HOW A FICO SCORE IS CALCULATED Debt Level Length of Credit History 30% 15% Types of Credit Used 10% 10% 35% New Credit / Inquiries Payment History APPLIED TO THE UNITED STATES Payment History The most positive aspect of the credit report is the fact that the US has never missed a payment. Any creditor is paid when they cash in a treasury security. Of course the government can just print money to meet it's needs, devaluing its currency in the process, but at least there are no phone calls from collection agencies. 35% Verdict: VERY GOOD Debt Level Not the most attractive part of the report, the US owes over $10.5 trillion to its creditors. If the $2.7 trillion the US collects each year in taxes is its income, then the government owes almost 4 times it's yearly take. Compare that to your own debt level and you can see why this seems insurmountable. 30% The US is currently using about 93% of the congressionally set credit limit. Whenever it looks like the US will max out its credit cards, the limit is raised. Verdict: VERY BAD Length of Credit History The US first went into debt to finance its own birth, the Revolutionary War. It needed to borrow money to issue the first pay checks and has ever since owed money to somebody. Over 200 years is a long time to build a credit history and define spending habits. 15% Whenever there is a war or a financial collapse, the US borrows heavily. Any creditor can see the US is in currently in the midst of both. Verdict: GOOD Types of Credit Used The good news is that the US has experience managing different types of credit. Long term, short term, and a variety of debt instruments show an apt ability to manage finances, according to most credit companies. The bad news is that the US has a lot of creditors. Millions of them if you include individual holders of notes and bills. The major players are numerous t00. Half a trillion owed to China and Japan apiece and the list goes on. Other major creditors include the US states themselves, and large mutual fund and insurance companies. 10% Verdict: FAIR New Credit / Inquiries So the US is in a bit of a jam and has had to borrow more than usual lately. The credit limit was raised and there have been some recent spending sprees. The US has had to entice future creditors with attractive rates. 10% A flurry of spending does not look good on a credit report. Verdict: BAD Now if this information is run through a FICO score calculator, the United States would receive an average score of 645. 645 Excellent 750-800 Good 660-749 Fair 620-659 UNITED STATES FÍCO SCORE Poor 350-619 Applying for a loan, this would put the United States in the subprime category. If Uncle Sam wanted to buy a house, he would get a rate of 7.836% for a 30 Year Fixed rate. A new car on a 60 month loan would be 11.899%. The credit report of the United States is not attractive to creditors except for the part about never missing a payment. This is huge and what keeps the creditors coming back for more. As long as creditors accept the US dollar as a form of payment, the US FICO score will remain stable. The best actions the US could take to improve its score is the same things we all could do. Take steps to reduce the mountain of debt and cut back on the reckless spending. creditloan.com/blog/