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Subject: Median Score
 
Posted on Mon May 04, 2009 10:14 pm  

Hi i was asked by a lender what is my median credit score?
GarySnober



Joined: 08 Apr 2009
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Posts: 66



9 Magic Points

 
Posted on Mon May 04, 2009 10:17 pm  

Hi a median credit score is the "Middle" score. When you get a credit score you will get 3 different ones from the 3 main credit bureaus. In example one will give you 690 the 2nd one will give you 670 and the 3rd will give you 630 the median one would be 670 as its the middle one. So median just means the middle score of the 3. Hope this helps.
cbass1017



Joined: 01 Feb 2008
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Posts: 143
Location: PA


1539 Magic Points

 
Posted on Mon May 18, 2009 1:02 am  

Very weird that a lender would ask you what your credit score is. I would think that they would be the ones to telll you...
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Scott McKay
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internet15



Joined: 16 Apr 2009
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2427 Magic Points

 
Posted on Wed May 20, 2009 6:59 am  

I also think that median credit score is the "Middle" score. When you get a credit score you will get 3 different ones from the 3 main credit bureaus. In example one will give you 690 the 2nd one will give you 670 and the 3rd will give you 630 the median one would be 670 as its the middle one. So median just means the middle score of the 3. Hope this helps.
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Firang



Joined: 28 Apr 2009
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-37 Magic Points

 
Posted on Wed May 20, 2009 8:05 am  

The median is the middle value, so I'll have to rewrite the list in order:

13, 13, 13, 13, 14, 14, 16, 18, 21

There are nine numbers in the list, so the middle one will be the (9 + 1) ÷ 2 = 10 ÷ 2 = 5th number:

13, 13, 13, 13, 14, 14, 16, 18, 21

So the median is 14.

did you get the meaning of median so similarly the median stands for the middle score figure of all the three credit scores.

keep us informed.



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