I've never missed a payment, have over 6 years of on time payments, never even carried a balance on a card, and never been denied an application, yet my score has dipped as low as 640 just because of a "high" amount of credit checks, because I like to take advantage of "spend $1000 on our card and get $200" promotions that come in the mail. 630 doesn't necessarily mean anything bad at all.
That’s not the typical credit card user behavior. It’s a well known risk of churning. You trade the rewards of credit card signup bonus with the lowering of credit score. It tends to rebound quickly though.
I didn’t use the word bad. I said below average. It’s a quantitative observation. When housing demand is at all time highs apartments can be as selective as they want. If they have 20 applications for a single open unit who are they picking?
And that's why I think average kinda sucks here. Who is the average person renting? Maybe they are low income, maybe they are fresh out of college with no credit history at all, but in either case its probably a different makeup of financial backgrounds than what you see in homeowners and therefore the population on aggregate. Lumping these groups into the general population which includes homeowners who have been paying off credit cards for decades makes no sense. Consider the context when determining what these numbers should be, otherwise you are misrepresenting the shape of your data.
