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How is this credit score possible?

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cbarret2
Contributor

How is this credit score possible?

I used the myFICO simulator and it said my credit score will be at least 713 and at most a 753 with only a 2 year, 3 month credit history. How is that even possible?

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6 REPLIES 6
Gunnar419
Valued Contributor

Re: How is this credit score possible?

The simulator's only a guide, but why would that be impossible? On-time payments and utilization are more important in scoring than age or mix of credit, so after a couple years of perfect payment history plus low present utilization, it's perfectly feasible to have a score in the mid 700s.

 

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cbarret2
Contributor

Re: How is this credit score possible?

Now that you say that, it does make sense.

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ptilda
Established Contributor

Re: How is this credit score possible?


@cbarret2 wrote:

I used the myFICO simulator and it said my credit score will be at least 713 and at most a 753 with only a 2 year, 3 month credit history. How is that even possible?


Very possible. If you have good pmt history & low util, etc, it makes sense. Good work!

My Wallet:Fidelity Amex $1K, DCU $3.9K, US Bank AeroMexico $300, Quicksilver $1.3K, Cap1 secured MC $750, DiscoverIT $200, Care Credit $5K, Sportsman Guide Visa $3K, Kay $3K, Jared $3K,American Airlines CC $3K, Amazon $2.9k, Walmart $2.2k, Macy's $800 revolving/$5k furniture, Comenity retail cards $5.55kStarting Score: 618Current Score: 711
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CreditJunkie917
Frequent Contributor

Re: How is this credit score possible?

+1

Amex PRG(NPSL), Amex BCE($5K), Amex Hilton($1K), NavCheck ($15K), NFCU CR Siggy($20K), USAA Amex($7K), USAA World MC($7K), CSP($2.3K), Chase Marriott($1.8K), Care Credit($2.5K), Cap1 QS($3.5K), VS($500), Cap1 Secure($200) Starting Scores(Jan 2013): FICO EQ: 643, TU: 552, EX: 567 Current Scores(Sept. 2016): FICO EQ: 672, TU: 703(?), EX: 682 In the Garden FOR-EV-ER!!!!! Cards and goals achieved! Let's grow and mature these babies!!!
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wHiTeSoL
Valued Contributor

Re: How is this credit score possible?

Very possible, DW has only had her SSN for 6 months and according to Barclays she's @ 771 as of today. 

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Involver
Valued Contributor

Re: How is this credit score possible?

According to the simulators if I pay down my debt over 24 months I will have a score of between 835 and 850 so I hope it's accurate!

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