topic Re: FICO 800 with credit cards only in Understanding FICO® Scoring

FICO 800 with credit cards only

brother7 — Fri, 09 Nov 2012 17:52:00 GMT

Is it possible? How high can one's FICO get using credit cards only? (no mortgage, auto, student or other types of debt)

If you have achieved FICO 800 with credit cards only, please provide details.

CRA and score (ie EQ 810):

Total number of accounts:

AAoA:

Age of Oldest Account:

Other useful info (ie closed accounts still reporting):

Re: FICO 800 with credit cards only

llecs — Fri, 09 Nov 2012 21:33:10 GMT

I can't give stats without looking it up, but at least two moderator emeriti, I know fused being one of those and I think beamMEup being the other (can't remember), both hit 800 with zero loans reporting; only CCs.

Re: FICO 800 with credit cards only

my-own-fico — Fri, 09 Nov 2012 22:25:22 GMT

You can add another two. My EQ inbetween two mortgages was 813. DW's TU was 814.

Re: FICO 800 with credit cards only

AndySoCal — Sat, 10 Nov 2012 04:18:36 GMT

I know it is posible see my siggy

Re: FICO 800 with credit cards only

bettercreditguy1 — Sat, 10 Nov 2012 12:56:00 GMT

My son had an 819 with two paid car loans at age 27, no credit cards or mortage.

Re: FICO 800 with credit cards only

my-own-fico — Sat, 10 Nov 2012 13:51:32 GMT

bettercreditguy1 wrote:

My son had an 819 with two paid car loans at age 27, no credit cards or mortage.

With no open trade lines, what score is that exactly and where did he get it? :smileyhappy:

Re: FICO 800 with credit cards only

bettercreditguy1 — Sat, 10 Nov 2012 22:00:32 GMT

They were true Fico Scores all three from a lender when he began to think about pre qualification for his first mortage.I actually was with him and the bank officer when the scores were pulled.

Re: FICO 800 with credit cards only

my-own-fico — Sun, 11 Nov 2012 03:53:05 GMT

Thank you. From personal experience, I'll assume the 819 is an Experian FICO II. But could it also be at the time he was an authorized user on a healthy card of yours? Having a thin file, having a zero utilization and being young all ding your scores, often considerably, we have been told time and time again.

PS: It occured to me that that the set of three mortgage scores might be based on the so-called industry version. The score sheet will list the range that was used.

Re: FICO 800 with credit cards only

thom02099 — Sun, 11 Nov 2012 16:58:15 GMT

brother7 wrote:
Is it possible? How high can one's FICO get using credit cards only? (no mortgage, auto, student or other types of debt)

If you have achieved FICO 800 with credit cards only, please provide details.
CRA and score (ie EQ 810):
Total number of accounts:
AAoA:
Age of Oldest Account:
Other useful info (ie closed accounts still reporting):

Is it possible? Yes.

Is it probable. Not so much.

From what I've read here, FICO scoring looks at a good mix of account types. If you mean from your question, absolutely nothing reported on your entire history but credit cards, then it could be possible to achieve (anything is possible), but would be more of a challenge.

If you mean having had, somewhere in your credit history, some installment/auto loans, mortgages, etc, but NOTHING reporting currently, or within recent timeframe, with the exception of credit cards, then I think that's probably a more realistic scenario. The history will show the mix, even though the current history may show only credit cards.

As with anything credit related, YMMV !