topic Re: Has anyone ever hit 850? in Credit in the News

Has anyone ever hit 850?

Dallasgirl — Mon, 29 Dec 2008 17:22:12 GMT

http://articles.moneycentral.msn.com/Banking/YourCreditRating/PerfectCreditYouDontNeedIt.aspx

I've often wondered if there was anyone out there who has ever attained the so-called "perfect score" of 850. According to this article, 825 seems to be about as high as anyone could ever attain.

I've been scouring these forums during the past week and everything I've read indicates that once you reach the higher score buckets (new lingo I picked up!), it really doesn't make a difference as far as getting lower interest rates with lenders. I tend to be a little on the obsessive side, so I guess reaching the "holy grail" of credit scores will be forever elusive! :smileytongue:

Re: Has anyone ever hit 850?

jdp1 — Wed, 31 Dec 2008 16:57:43 GMT

Well, I am in the Auto Industry so I see consumer scores on a daily basis. The highest I have seen has been 867. Granted, the scores are auto-enhanced. I don't know how that score would translate to myfico. I believe the 850 mark is definately attainable. As far as rates go, 760-780 is typically considered Tier 1 for 95% of lenders. I.E lowest rates possible. anything above that seems to be just for fluff.

Re: Has anyone ever hit 850?

jmeek08 — Wed, 31 Dec 2008 17:33:28 GMT

I work at a credit union as a teller and everytime I pull up a members account I am able to see their EX Fico score. The highest score I have seen is 835. He is abuot 62 yrs old and said he has no negatives reporting and always pays on time. I dont know much about his credit mix or util or anything like that.

Re: Has anyone ever hit 850?

Dallasgirl — Wed, 31 Dec 2008 19:01:41 GMT

jmeek08 wrote:
I work at a credit union as a teller and everytime I pull up a members account I am able to see their EX Fico score. The highest score I have seen is 835. He is abuot 62 yrs old and said he has no negatives reporting and always pays on time. I dont know much about his credit mix or util or anything like that.

Wow, that's pretty cool. I'll have to check with my credit union to see if they have that same capability!

835? He's obviously doing something right!

Re: Has anyone ever hit 850?

GFer — Thu, 01 Jan 2009 23:31:54 GMT

I pull credit for customers daily through TU and highest I've seen is 813 and she was 67. Honestly don't remember the other specifics.

Re: Has anyone ever hit 850?

jmeek08 — Fri, 02 Jan 2009 14:55:33 GMT

Hey Dallasgirl, that credit union is Dallas Telco Federal Credit Union in downtown Dallas.

The fico score for members doesnt get reported all that often and I dont know how it works but the credit union automatically does an update for members peridocially. The guy with the 835 CS was updated on 6/25/08 and then before that it was a CS of 822 on 11/20/2006 and it looks as if the CS was 714 in 03 so if I see this person again I may have to ask what exactly he is doing to obtain this kind of score so I can get back with you guys.

Re: Has anyone ever hit 850?

Dallasgirl — Fri, 02 Jan 2009 15:58:24 GMT

jmeek08 wrote:
Hey Dallasgirl, that credit union is Dallas Telco Federal Credit Union in downtown Dallas.

The fico score for members doesnt get reported all that often and I dont know how it works but the credit union automatically does an update for members peridocially. The guy with the 835 CS was updated on 6/25/08 and then before that it was a CS of 822 on 11/20/2006 and it looks as if the CS was 714 in 03 so if I see this person again I may have to ask what exactly he is doing to obtain this kind of score so I can get back with you guys.

Thanks, jmeek08. I've been with the downtown Texas Federal for a number of years and they're not too far from Dallas Telco. Unfortunately, the lady I spoke to at my CU said that their tellers do not have access to FICO scores on customers. Please let us know if you find out any information on how your guy is maintaining that type of score. At his age, I'm assuming his mortgage is probably paid off, has a long established history, and no debt.

Re: Has anyone ever hit 850?

psychic — Mon, 12 Jan 2009 10:12:01 GMT

My EX score was 839 for most of 2007. When I pulled my scores in January 2008, this score dropped to 831, for no apparent reason.

Re: Has anyone ever hit 850?

Dallasgirl — Mon, 12 Jan 2009 15:29:08 GMT

That is awesome, Psychic! Congratulations on your excellent scores!

Re: Has anyone ever hit 850?

psychic — Mon, 12 Jan 2009 21:58:02 GMT

Thank you, Dallasgirl!

Re: Has anyone ever hit 850?

MattH — Tue, 13 Jan 2009 02:09:22 GMT

Dallasgirl wrote:
http://articles.moneycentral.msn.com/Banking/YourCreditRating/PerfectCreditYouDontNeedIt.aspx

I've often wondered if there was anyone out there who has ever attained the so-called "perfect score" of 850. According to this article, 825 seems to be about as high as anyone could ever attain.

I've been scouring these forums during the past week and everything I've read indicates that once you reach the higher score buckets (new lingo I picked up!), it really doesn't make a difference as far as getting lower interest rates with lenders. I tend to be a little on the obsessive side, so I guess reaching the "holy grail" of credit scores will be forever elusive! :smileytongue:

Well, my Experian FICO score was 826 pulled on 9 Jan 2009 with a very clean history, oldest account AMEX since 1982, low utilization, etc. Unfortunately my FICO score is about to take a major hit because a few years ago I made a mistake driving and hit another car. Even worse, the person whose car I hit has a close relative who is a lawyer, they refused to settle with my insurance company and the case comes up in court this week. No question of my having to pay anything, I'm covered and my agent says because I was accident-free for so long prior to this one my rates will not go up. But there will be a public record of a judgement, and I understand the FICO algorithm does not distinguish between something like this and a judgement due to a bad debt.

The trial will not be to determine fault, that has been conceded from the beginning (it was my fault, no argument there), the issue to be detemined by the court is the dollar amount of the damages because my insurance company and the person I hit could not agree on a settlement. Drive carefully everybody, and especially avoid hitting somebody related to a lawyer.

Message Edited by MattH on 01-12-2009 09:09 PM

Re: Has anyone ever hit 850?

marty56 — Tue, 13 Jan 2009 10:40:55 GMT

Matt, are you sure that a judgement will wind on on your report? I could understand if you went to court and didnt pay what the court wanted you to pay but IMHO they would be suing your insurance company not you.

Someone posted that their DW had a 990 Vantage score. IMHO I dont believe it or believe that anyone could get an 850 since scroing is based on the probability of default on payments and I dont think it would ever be 0.

Re: Has anyone ever hit 850?

MattH — Wed, 14 Jan 2009 03:03:52 GMT

marty56 wrote:
Matt, are you sure that a judgement will wind on on your report? I could understand if you went to court and didnt pay what the court wanted you to pay but IMHO they would be suing your insurance company not you.

Someone posted that their DW had a 990 Vantage score. IMHO I dont believe it or believe that anyone could get an 850 since scoring is based on the probability of default on payments and I dont think it would ever be 0.

Well, today I got a call from my lawyer with excellent news: the other party has accepted an settlement offer from my insurance company, so the trial scheduled to begin tomorrow will not take place. I will not have to appear in court and there will not be a Public Record of a Satisfied Judgement. Drive safely of course, but especially never hit somebody with a relative who is a partner of a law firm!

Re: Has anyone ever hit 850?

haulingthescoreup — Wed, 14 Jan 2009 03:21:47 GMT

Whew, great news, congrats!

Re: Has anyone ever hit 850?

marty56 — Wed, 14 Jan 2009 10:52:23 GMT

That is great news.

Re: Has anyone ever hit 850?

Dallasgirl — Wed, 14 Jan 2009 15:00:06 GMT

MattH wrote:

Well, today I got a call from my lawyer with excellent news: the other party has accepted an settlement offer from my insurance company, so the trial scheduled to begin tomorrow will not take place. I will not have to appear in court and there will not be a Public Record of a Satisfied Judgement. Drive safely of course, but especially never hit somebody with a relative who is a partner of a law firm!

Matt,

I work for a firm that represents insurance companies in legal disputes. That is very typical of what lawyers do - wait till the very last minute and then settle with the insurance company to avoid the expense & hassle of going to trial. Congratulations on your good news!

Re: Has anyone ever hit 850?

oracles — Wed, 14 Jan 2009 17:51:22 GMT

congrats Matt, that was a close one lol

Re: Has anyone ever hit 850?

psychic — Wed, 14 Jan 2009 20:08:42 GMT

That's wonderful news, Matt!

Re: Has anyone ever hit 850?

maheshus — Thu, 23 Aug 2012 20:49:46 GMT

My Evantage Score from Experian is 986 on a scale of 501-990

Re: Has anyone ever hit 850?

mtrea001 — Mon, 17 Dec 2012 06:59:14 GMT

http://www.cleveland.com/business/index.ssf/2012/10/westlake_man_has_one_of_the_hi.html

Aparently this guy has the highest credit agencies have ever seen. 850 would mean there is exactly 0 risk in lending to said person (a statistical imposibilty), but 848 is pretty darn close!