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Senior Contributor
Posts: 3,240
Registered: ‎04-03-2008
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Re: Has anyone ever hit 850?

[ Edited ]

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! Smiley Tongue


 

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
TU 791 02/11/2013, EQ 800 1/29/2011 , EX Plus FAKO 812, EX Vantage Score 955 3/19/2010 wife's EQ 9/23/2009 803
EX always was my highest when we could pull all three
Always remember: big print giveth, small print taketh away
If you dunno what tanstaafl means you must Google it
Super Contributor
Posts: 5,703
Registered: ‎10-06-2007
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Re: Has anyone ever hit 850?

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.

11/28/2014 FICO: EQ: 796 EX:788 TU:803
Senior Contributor
Posts: 3,240
Registered: ‎04-03-2008
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Re: Has anyone ever hit 850?


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!

 

 

TU 791 02/11/2013, EQ 800 1/29/2011 , EX Plus FAKO 812, EX Vantage Score 955 3/19/2010 wife's EQ 9/23/2009 803
EX always was my highest when we could pull all three
Always remember: big print giveth, small print taketh away
If you dunno what tanstaafl means you must Google it
Moderator Emerita
Posts: 28,098
Registered: ‎04-01-2007
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Re: Has anyone ever hit 850?

Whew, great news, congrats!
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Super Contributor
Posts: 5,703
Registered: ‎10-06-2007
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Re: Has anyone ever hit 850?

That is great news. 

11/28/2014 FICO: EQ: 796 EX:788 TU:803
Valued Member
Posts: 37
Registered: ‎12-19-2008
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Re: Has anyone ever hit 850?


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!

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Valued Contributor
Posts: 1,734
Registered: ‎08-18-2007
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Re: Has anyone ever hit 850?

 congrats Matt, that was a close one lol
Moderator Emeritus
Posts: 1,518
Registered: ‎04-20-2007
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Re: Has anyone ever hit 850?

That's wonderful news, Matt!  
EQ 814 / TU 815 / EX 842
New Visitor
Posts: 1
Registered: ‎08-23-2012
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Re: Has anyone ever hit 850?

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

Member
Posts: 7
Registered: ‎12-03-2012
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Re: Has anyone ever hit 850?

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!

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