Credit Card Center Advertiser Disclosure†
12-29-2008 09:22 AM
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!
12-31-2008 08:57 AM
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.
12-31-2008 09:33 AM
12-31-2008 11:01 AM
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!
01-01-2009 03:31 PM
01-02-2009 06:55 AM
01-02-2009 07:58 AM
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.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.