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Established Member
Posts: 21
Registered: ‎07-11-2007
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Re: what is the credit profile of someone with a 760 or higher?

I have scores of  EQ-774 TU-773 Ex-781 and this is what my profile looks like;
 
total accounts : 11
open:6
closed:5
Accounts  w/bal:2
oldest acc:14yrs
youngest acc:2 months
total revolving limit:55k
utilizing 5% of total credit limit
public records:0
inquiries: 1 on EQ ( ZERO on the other two)
Late payments:0
 
I am 36 and for a living I am med-surg nurse---------Hope this helps
Senior Contributor
Posts: 4,831
Registered: ‎04-20-2007
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Re: what is the credit profile of someone with a 760 or higher?

150 points in 6 months? Wow. Good job indeed.
Senior Contributor
Posts: 4,831
Registered: ‎04-20-2007
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Re: what is the credit profile of someone with a 760 or higher?



fico777 wrote:
I have scores of EQ-774 TU-773 Ex-781 and this is what my profile looks like;
total accounts : 11
open:6
closed:5
Accounts w/bal:2
oldest acc:14yrs
youngest acc:2 months
total revolving limit:55k
utilizing 5% of total credit limit
public records:0
inquiries: 1 on EQ ( ZERO on the other two)
Late payments:0
I am 36 and for a living I am med-surg nurse---------Hope this helps



How many installment accounts does your report show as open?
Established Member
Posts: 21
Registered: ‎07-11-2007
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Re: what is the credit profile of someone with a 760 or higher?

I have ZERO installment loans or accounts,all revolving accounts.
I also have 1 mortgage.
Senior Contributor
Posts: 4,831
Registered: ‎04-20-2007
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Re: what is the credit profile of someone with a 760 or higher?



fico777 wrote:
I have ZERO installment loans or accounts,all revolving accounts.
I also have 1 mortgage.



The mortgage is an installment.
Established Contributor
Posts: 565
Registered: ‎06-11-2007
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Re: what is the credit profile of someone with a 760 or higher?

Fico 777, maybe you are losing points for not having a mix of credit--your scores are high--I don't deny that, but it sounds like you have a perfect credit history, and if you had an installment loan maybe you'd be up in the 800's? That and maybe if your utilization was 1%?

Just wondering
Senior Contributor
Posts: 3,071
Registered: ‎05-17-2007
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Re: what is the credit profile of someone with a 760 or higher?

[ Edited ]

rifleman wrote: Fico 777, maybe you are losing points for not having a mix of credit--your scores are high--I don't deny that, but it sounds like you have a perfect credit history, and if you had an installment loan maybe you'd be up in the 800's? That and maybe if your utilization was 1%? Just wondering
I think this is already an possible 800 profile. This person just got a new account 2 months ago. New account point loss, inquiry + revolving debt will take away points. Played correctly score will be over 800 in 10 months.

Message Edited by ilovepizza on 08-20-2007 08:48 AM
If we never set higher goals we would never get as far.
sol, credit 101, acr, abbreviations, calc
Established Contributor
Posts: 565
Registered: ‎06-11-2007
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Re: what is the credit profile of someone with a 760 or higher?

How is a mortgage weighted? as an installment? I thought it was in a catagory in it's own. If I get a mortgage in the next year, how much of a hit will my score take?
New Visitor
Posts: 1
Registered: ‎08-21-2007
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Re: what is the credit profile of someone with a 760 or higher?

It seems that having a credit score of 760 or better is easy.  You just need to have oodles of cash so you never need credit, you just pay cash for everything.  So unless you are a high flying exec or drug lord it looks pretty elusive.  I have 30 years of history and never cracked that barrier.  Last year, I used my credit line to buy a business for $30K and it brings in that much GP every year.  Sounds good, right, Wrong!  Credit score does not take into account income. I think it figures that if you can carry that much debt you should be rich enough to just pay for things.  It is like they never heard of a thing calle leveraged transactions.  (Ya gotta spend money to make money)  The whole system punishes people who are not poor and are trying to break into actually being wealthy.
Senior Contributor
Posts: 3,071
Registered: ‎05-17-2007
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Re: what is the credit profile of someone with a 760 or higher?

Big money is not part of high scores. You need a good mix of history and low UTL when you check your scores to break 760's. What is your current UTL? How many accounts with balances? Any lates in 7 years? Some account types lower scores too. Smiley Sad It's not easy if you don't know. Super high scores are like combination locks. It is really easy if you know the combination, if you don't it can be pure luck. I agree and disagree at the same time.
If we never set higher goals we would never get as far.
sol, credit 101, acr, abbreviations, calc
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