03-24-2014 04:33 PM
Just a follow up - great irony here - by getting the Discover IT card to see my FICO score for free, my score went from 847 to 833 ...... reason cited "TIME SINCE MOST RECENT ACCOUNT OPENING IS TOO SHORT:" It will go back up in time I'm sure.
03-24-2014 05:00 PM - edited 03-24-2014 05:05 PM
Does anyone on this fourm have a score of 850? who here has the highest score and what is there secret to getting such a high score.
Ive managed to go from the worst score known to man to 806 just using credit cards. I get a note all the time telling me that Im lacking an installment loan and thats holding my score down. My bank said sure...they'll give me such a loan.....of a minimum of $10,000, that is.
Certainly not interested in a loan that size to squeeze out a few more FICO points, thats for sure.
Getting a high score means being responsible, paying your bills early or at worst by the due date. Paying your Credit cards quickly. Never over extending your finanances. And making sure to never ever do anything to send a red flag to lenders that you are having financial problems.
Apparently when you have absolutely no use or need whatsoever for a credit card THAT is when they figure you are the most likely to repay.
At least this has been my experience.
03-25-2014 09:53 AM
Ive only known one person to flirt with an 850 - and that person had very minimal activity.
Current FICO EQ: 775, EX: 764 | Current FAKO CK: 788
03-25-2014 07:44 PM
I've seen my mom's score and she has an 850. Thats over 30 years of credit history, with the variety of installments/mortages and CCs. Didn't ask her how long she had it for so dunno how long it takes to get there.
03-28-2014 06:00 PM - edited 03-28-2014 07:18 PM
Just pulled all three of my FICO scores here...
TU - 757
EQ - 848
EX - 850
The 850 unicorn...I nearly bricked my pants, lol.
My Equifax and Experian reports show a 19 year history and TransUnion only shows 11 years. The information on all of my reports appears to be correct but TU is just missing all of my older history.
07-11-2014 02:15 PM
yeah, I have an 850. I'm not rich (Obama disagrees...my wife and I both work), but do pay off credit cards before they are due....ie, when it closes, I pay the amount I have charged up to that cut off date so my statements are close to 0. I have a mortgage of 15 years, way ahead there too. I don't overspend, very conservative. Easier in Texas than Northeast or West coast. Live in a 3100 sq foot nice home with a pool, but it really is just being conservative. I still need to save more for my daughters college....got some, but not enough.
08-05-2014 07:50 AM
I have an 850 also at least on 2 of the 3 agencies. Transunion has an error on it.
EQ - 850
EX – 850
TU - 790
My Equifax and Experian reports show a 20 year history. About 10 years ago when my husband was out of work or under employed for a couple of years, we had over $60K in credit card debit. Credit cards have all been paid off now. We still use 1 or 2 but we pay them off monthly. We have a mortgage (20 years) and car loan though. We are not rich by any means. We are empty nesters who both work and make a good income and pay everything on time or ahead of schedule. We live well below our means in a 1,700 square foot house. Both kids graduated from college recently so we are saving more for retirement.
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO