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Valued Contributor
RyVision
Posts: 1,346
Registered: ‎04-15-2011

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.

Moderator
Revelate
Posts: 8,416
Registered: ‎12-30-2011

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 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 679, EQ 8 708, TU 711, EX 702* (07/14/14, EX older)
Goal Score: 700 on EQ '04 (01/01/15)


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