Forget Naughty and Nice, Here's Santa's Credit Score

NEW YORK (MainStreet) — You’d think with 7 billion people around the globe, Santa Claus would have other matters on his mind than his credit score.

But metaphorically, at least, Old St. Nick isn’t so busy that he can’t keep a top credit score of 777, according to the consumer credit website,

Credit Sesame offers an amusing but highly instructive tutorial on Santa’s credit score, and it might be a good idea to put down the eggnog and see how the North Pole’s most famous resident earned his stellar credit rating.

Here’s how the site breaks it all down:

Longevity helps: Being centuries old, Santa – who dates back to 4th century Turkey – gets a big boost from having a long credit history. The longer a consumer borrows money (and pays it back), the higher the credit score. Credit Sesame says length of credit history accounts for about 15% of consumer credit score criteria.

Payment history: As someone who makes good on the promise of delivering gifts to kids all over the world in a single night, Santa has the bona fides, Credit Sesame believes, to warrant a high credit score. “Santa’s payment history is likely very good,” the site says. “We’ll let his track record of delivering gifts to millions of children around the world on time each Christmas season to speak for itself.” The company says payment history is a huge component of a consumer’s overall credit score, at 35%.

Amount of money owed: Noting that here are about 7 billion people on the planet, Credit Sesame supposes that Santa spends, on average, $25 on each person. That means it costs him $175 billion to bring gifts to everyone on Earth each year. Add in the debt in feeding and caring for his reindeer and meeting his elf payroll and Santa Claus has certainly accumulated a lot of debt. But he has an out the rest of us don’t have. “Luckily,” says Credit Sesame, “Santa’s magic lets him create as much cash as he needs. Therefore, he owes little or no debt.” The website says that “amount owed” makes up 30% of a consumer’s total credit score.