@Anonymous wrote:
It seems liked 760 is when a score goes from "very good" do "great" according to scorewatch and to most lenders.
Can someone tell me what the profile is like of someone with a 760 or better?
I know everyone's situation is different.
My highest Fico is currently 740 as of today
My Profile:
Total Accounts: 13
Open: 8
Closed: 5
Accounts w/ balances: 4 (2 CC's, 2 Install)
Oldest account: 8 years
Youngest account: 1 month
Total revolving Limit: $10,940 (500 CL from capital one not included)
Utilization: 99% available credit
Public records: 0
Inquiries: 0
Late Payments: (2)60 day late payments--one in 2005, one in 2003
In my case what's hurting me are those 2 lates and my newest open account.
FYI my score was 590 in February of this year
You think a 740 is bad? Once you surpass 720 it doesn't even matter anymore. As far as a lender is concerned, there's no real difference between a 720 and a 760 at that point.
You moved along pretty well - good job.
how many baddies did you drop to make it to where you are today?
I'm not at 760 yet but will be soon
I'm at mid to high 6's...been dormant for while and working on getting new credit, no recent credit and 2 baddies, mostly learning this stuff for the other half .
how many baddies did you drop to make it to where you are today?
I'm not at 760 yet but will be soon
I'm at mid to high 6's...been dormant for while and working on getting new credit, no recent credit and 2 baddies, mostly learning this stuff for the other half .
MidnightVoice wrote:
From MyFico:
FICO High Achievers have credit scores of 760 or above.
FICO High Achievers opened their most recent account 27 months ago, on average
About 72% of FICO High Achievers did not apply for credit in the past year. Of those that did, about 20% applied for credit just once. (They obviously do not use cell phones 
)
)Only about 1% of FICO High Achievers have a 60 days late payment or worse listed on their credit report.
Most FICO High Achievers (about 93%), have no missed payments at all. But of those who do have a missed payment, it happened nearly 4 years ago, on average.
FICO High Achievers opened their oldest account 19 years ago, on average.
Most FICO High Achievers have an average age of accounts between 6 and 12 years.
For FICO High Achievers the ratio of revolving balances to credit limits is 7%, on average.
FICO High Achievers opened their first revolving account 19 years ago, on average.
Virtually no FICO High Achievers have a public record or a collection listed on their credit report.
_______________________________________________________________________________
MidnightVoice wrote:
About 72% of FICO High Achievers did not apply for credit in the past year. Of those that did, about 20% applied for credit just once. (They obviously do not use cell phones 
)
)_______________________________________________________________________________
A lot of the high achievers are old timers, therefore they use pay phones! No credit pulls, PIF, 0% util and no new account!
No credit pulls, PIF, 0% util and no new account!
@fused111 wrote:_______________________________________________________________________________@MidnightVoice wrote:About 72% of FICO High Achievers did not apply for credit in the past year. Of those that did, about 20% applied for credit just once. (They obviously do not use cell phones_______________________________________________________________________________A lot of the high achievers are old timers, therefore they use pay phones!
Pay phones? Bloody Cheek