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need some thoughts...

Valued Contributor

Re: need some thoughts...

 

Just so no one gets the idea it's possible from reading this thread;  FICOs of the upper 700s (over 755 etc) are not possible with high utilization (60%+), the scoring methods do not allow for that to happen.  I don't think any of the FAKOs even allow that to happen.

Message 11 of 12
Moderator

Re: need some thoughts...


RyVision wrote:

 

Just so no one gets the idea it's possible from reading this thread;  FICOs of the upper 700s (over 755 etc) are not possible with high utilization (60%+), the scoring methods do not allow for that to happen.  I don't think any of the FAKOs even allow that to happen.


I'm not sure I would say never; but in general I agree with your assertion that's it extremely unlikely.  There's still a lot of room between a 755 and the realistic max around 840ish on the FICO scale to suck up a revolving utilization penalty; however, I haven't seen anyone around 760 with 60% utilization admittedly, by that credit strata there's just too many ways to hide utilization that it shouldn't be a problem short of substantial personal financial crisis.

Starting Score: EQ 5 561, TU 98 567, EX 2 599 (12/30/11)
Current Score: EQ 5 771, TU 4 741, EX 2 776, EQ 8 809, TU 8 774, EX 8 822 (1/1/18)
Goal Score:    EQ 5 771, TU 4 750, EX 2 776, EQ 8 809, TU 8 774, EX 8 822 (01/01/19)


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Message 12 of 12