Understanding FICO® Scoring

[jmoney23]

I noticed 800 club members have AAoA 15 years or higher, mortgage and no baddies.

Obviously, if you started building credit at 18 or 22, right out of college, your AAoA is not going to be good. But is that the most significant factor in an 800 score?

Is it possible to have an 800 score in your 20s based solely on no baddies, good utilization ratios and loan payoff?

[CreditScholar]

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jmoney23 wrote:

I noticed 800 club members have AAoA 15 years or higher, mortgage and no baddies.

Obviously, if you started building credit at 18 or 22, right out of college, your AAoA is not going to be good. But is that the most significant factor in an 800 score?

Is it possible to have an 800 score in your 20s based solely on no baddies, good utilization ratios and loan payoff?

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It's possible but I'm guessing it's quite rare. I'm 30 and have been in the 800 club for the past 2 years now. For that kind of score no baddies is assumed, although you don't necessarily need a mortgage. I don't have one currently, nor have I ever had one (my house was bought with cash). I've had credit since I was 18, used it well and my AAoA is 10.1 years.

[marty56]

There was a lady at work who had an 800 credit score.  She was 26 and in the military for 8 years.  I know she had a mortgage.

[SwiftTone]

Maybe if someone is an AU/ACM on an AMEX account that backdates significantly

[BN3]

My Equifax was a 792 about a year ago.  Oldest account (at the time) was about 8 years and 8 months and AAoA (at the time) was 5 years. Only 1 inqury at the time. Had student loans, credit cards and a car loan all in good standing.  No baddies.

I was 27.

[BlueHusky]

My FICO according to Wal-mart is 783, so I'm only 17 points from the 800 club. I have 4 or 5 inquiries that haven't fallen off but should soon, and my AAoA is only 3 years 8 month, so I'm sure within a year or two I will hit 800.

I just turned 22.

[jmoney23]

I am so happy to hear that, you guys. Maybe I can reach my goal of a 800 credit score within three years.  I was recently accepted into a high paying job, so I will be able to pay in full on credit cards and pay down a significant amount of my student loans. Yay! I am 23 right now.

[marty56]

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jmoney23 wrote:

I am so happy to hear that, you guys. Maybe I can reach my goal of a 800 credit score within three years.  I was recently accepted into a high paying job, so I will be able to pay in full on credit cards and pay down a significant amount of my student loans. Yay! I am 23 right now.

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23, Credit aware and in 3 years an 800 score, and a good job. +1000

[LIGHTNIN]

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jmoney23 wrote:

I am so happy to hear that, you guys. Maybe I can reach my goal of a 800 credit score within three years.  I was recently accepted into a high paying job, so I will be able to pay in full on credit cards and pay down a significant amount of my student loans. Yay! I am 23 right now.

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You're on the right path, keep up the great work!!   

My life would've been so different, like in a good way. lol If the information from this site was made available to me at 23.

You may know this already, but here are my words of advice to all.

Keep your financial info to yourself.

Be careful of friends,some only want to be your friend because of what you can do, for them money wise.

You're off to a great start in life!!  Good Luck to YOU!!

[jmoney23]

Thank you both!