850 credit score?

[Anonymous]

---

@disdreamin wrote:

850 isn't impossible, but opening a new account or taking out a new loan will obviously change that. If you pay your bills on time, don't have too many accounts reporting balances, don't allow big balances to report, and don't open new accounts, that 850 is well within reach over time. The trick for me is trying to get them ALL to 850. That's going to take some work. 

---

Yup...his are all 850 lol.

[NRB525]

Yes, solid advice if you want to get an 850 score:

1) Stop apping any new credit. Ever. [this means no sign up bonus for you]

2) Pay down balances to near but not quite zero [this means no borrowing for you]

3) Never miss a payment

4) Never miss a payment

5) Continue to do this for 8 to 10 years

"I just live the way I want to, but within my means"

If so, then you aren't living your life the way you want to: you are living life within your means, and adapting your Wants to fit within your available Means. Two quite different sentences. And that is really the key to 850: Stop Borrowing.

[Thomas_Thumb]

---

@NRB525 wrote:

Yes, solid advice if you want to get an 850 score:

1) Stop apping any new credit. Ever. [this means no sign up bonus for you]

2) Pay down balances to near but not quite zero [this means no borrowing for you]

3) Never miss a payment

4) Never miss a payment

5) Continue to do this for 8 to 10 years

"I just live the way I want to, but within my means"

If so, then you aren't living your life the way you want to: you are living life within your means, and adapting your Wants to fit within your available Means. Two quite different sentences. And that is really the key to 850: Stop Borrowing.

---

The other thing I would suggest once 1 thru 5 are in play is: Manage your credit and stop looking at scores daily or weekly. It's really non value add - IMO

Score fluctuations associated with normal activity are noise that can be a distraction which leads one astray. It's the trend over time that matters and monthly results work well for tracking progress.

I don't subscribe to monitoring services. First time I actually saw my Fico score was in 2014 on a Discover card statement. Now I get monthly results from Discover, AMEX and Citi which is sufficient for confirming stability.

[Anonymous]

i see TT's sig ^^^^ and it made me smile! 

but then reality sets in... now i'm sad!