Credit Card Center Advertiser Disclosure†

Understanding FICO® Scoring

turn on suggestions Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for 
Search instead for 
Do you mean 
Reply
Topic Options
Highlighted
robandmichele
New Visitor
robandmichele
Posts: 1
Registered: ‎04-03-2008
0 Kudos

Re: Our Forums' FICO High Achievers: Who has at least one FICO Score of 760 or above?
Options

‎04-03-2008 06:14 PM

i finally got very curious and ordered one from myfico.com tonight. i wonder if i'm gonna get addicted to this game. TU 810
Message 21 of 1,419 (39,029 Views)
 
Reply
Member
ChumChurum
Posts: 46
Registered: ‎08-07-2007
0 Kudos

Re: Our Forums' FICO High Achievers: Who has at least one FICO Score of 760 or above?
Options

‎04-03-2008 10:11 PM

TU, Mar 15, 2008: 788
EQ, April 2, 2008: 806
EX - don't know, but probably close to TU.
Message 22 of 1,419 (39,004 Views)
 
Reply
Senior Contributor
ilovepizza
Posts: 3,071
Registered: ‎05-17-2007
0 Kudos

Re: Our Forums' FICO High Achievers: Who has at least one FICO Score of 760 or above?
Options

‎04-03-2008 10:21 PM

760+ all 3 CRAs.
If we never set higher goals we would never get as far.
sol, credit 101, acr, abbreviations, calc
Message 23 of 1,419 (39,001 Views)
 
Reply
Moderator Emeritus
fused
Posts: 16,382
Registered: ‎03-12-2007

Re: Our Forums' FICO High Achievers: Who has at least one FICO Score of 760 or above?
Options

‎04-04-2008 01:10 PM

Here are a couple of High Achiever credit files. Interesting, it's my credit history length, average-age of accounts and inqs that have set me back quite a bit with EX. With the first two, there's not much I can do.
 
FICO Scores:
 
EQ: 777
EX:  734
TU:  792
 
EQ Report (777):
overall revolving utilization is 9% (< 10%)
credit history length 28.5 years
average-age of accounts is 6 years
0 inqs
no lates and no other derogs
 
14 total trade lines
 
9 open trade lines:
1 unsecured loan 10K/bal 6.8K
1 BoA unsecured LOC 26.5K CL/ bal 5211
Amex Blue 20K/bal 0
Amex Plat
Chase Visa 19.3K/bal 1871
Discover Motiva 10K (suppose to be 50K)/bal 0
FIA Fidelity Visa 25K/bal 2521
First Hawaiian Bank Visa 10K/bal 0
Macy's Gold 2.7K/bal 0
 
5 closed trade lines
1 auto loan paid and closed; never late
1 unsecured loan paid and closed; never late
Amex Gold AU account $0 bal; never late
Amex Gold account (dupe account); never late
CITI Dividends MC $0 bal; never late
 
EX Report (734):
overall revolving utilization is 9% (< 10%)
credit history length is 14.5 years
average-age of accounts < 3 years
3 inqs
no lates and no other derogs
 
13 total trade lines
 
9 open trade lines:
1 unsecured loan 10K/bal 6.8K
1 BoA unsecured LOC 26.5K CL/ bal 5211
Amex Blue 20K/bal 0
Amex Plat
Chase Visa 19.3K/bal 1871
Discover Motiva 10K (suppose to be 50K)/bal 0
FIA Fidelity Visa 25K/bal 2521
First Hawaiian Bank Visa 10K/bal 0
Macy's Gold 2.7K/bal 0
 
4 closed trade lines
1 auto loan paid and closed; never late
1 unsecured loan paid and closed; never late
Amex Gold account (dupe account); never late
CITI Dividends MC $0 bal; never late
 
TU Report (792):
overall revolving utilization is 9% (< 10%)
credit history length 28.5 years
average-age of accounts is 6 years
0 inqs
no lates and no other derogs
 
14 total trade lines
 
9 open trade lines:
1 unsecured loan 10K/bal 6.8K
1 BoA unsecured LOC 26.5K CL/ bal 5211
Amex Blue 20K/bal 0
Amex Plat
Chase Visa 19.3K/bal 1871
Discover Motiva 10K (suppose to be 50K)/bal 0
FIA Fidelity Visa 25K/bal 2134
First Hawaiian Bank Visa 10K/bal 0
Macy's Gold 2.7K/bal 0
 
5 closed trade lines
1 auto loan paid and closed; never late
1 unsecured loan paid and closed; never late
Amex Gold AU account $0 bal; never late
Amex Gold account (dupe account); never late
CITI Dividends MC $0 bal; never late
 
The differences in scores is big and here is why:
 
- EX has a credit history length of 14.5 years comapred to EQ and TU which is 28 years 5 months
  (estimated loss in points is 10-15)
 
- EX average-age of accounts is < 3 years compared to EQ and TU which is 6 years 
  (estimated loss in points is 15+)
 
- EX has 3 inqs compared with EQ and TU which have 0 inqs
  ( estimated loss in points is 15-20)
 
I think these differences account for at least 40-55 points.
 
 
 
Credit Profile:
FICO 9: EQ 833 ~ EX 828 ~ TU 824 (07-12-2017)
FICO 8: EQ 830 ~ EX 819 ~ TU 828 (07-12-2017)
FICO 8 Bankcard: EQ 851 ~ EX 849 ~ TU 851 (07-12-2017)
Credit History: 29 years ~ AAoA: 14 years
Total available revolving credit: 157K ~ Cumulative Util: 3% (1 CC reporting a balance)
Inqs: 1 EX (new)
14 Total Accounts on Reports: 9 open, 5 closed. 1 newly opened installment account
Message 24 of 1,419 (38,957 Views)
 
Reply
Moderator Emeritus
psychic
Posts: 1,518
Registered: ‎04-20-2007
0 Kudos

Re: Our Forums' FICO High Achievers: Who has at least one FICO Score of 760 or above?

[ Edited ]
Options

‎04-06-2008 08:26 PM - edited ‎04-06-2008 08:49 PM

fused--
 
You have wonderful balance in your trade lines and varied card issuers.  When the Discover Motiva card starts reporting as a 50K credit line, you must let us know how it reports (i.e., revolving, installment, etc.) and is considered in utilization calculations. 


Message Edited by psychic on 04-06-2008 08:49 PM
EQ 814 / TU 815 / EX 842
Message 25 of 1,419 (38,903 Views)
 
Reply
Regular Contributor
sh9730
Posts: 151
Registered: ‎01-30-2008
0 Kudos

Re: Our Forums' FICO High Achievers: Who has at least one FICO Score of 760 or above?
Options

‎04-06-2008 08:45 PM

Just joined this group yesterday....
 
TU - 700
EQ - 720
EX  - 782!! 
 
The difference is that EX dropped off the last baddie on my CR a couple months earlier than the other two will.  Wasnt officially supposed to drop until June.  I posted on this over on FICO SCORING forum also. 
 
With a little luck I might actually crack 800 soon.  Payments that will post this month will click me below the 20% utils mark and my understanding is I ll get a bump from that.
Message 26 of 1,419 (38,850 Views)
 
Reply
Moderator Emeritus
psychic
Posts: 1,518
Registered: ‎04-20-2007
0 Kudos

Re: Our Forums' FICO High Achievers: Who has at least one FICO Score of 760 or above?
Options

‎04-06-2008 08:54 PM

sh9370--
 
Congratulations on becoming a FICO High Achiever!!!
EQ 814 / TU 815 / EX 842
Message 27 of 1,419 (38,845 Views)
 
Reply
Member
ChumChurum
Posts: 46
Registered: ‎08-07-2007
0 Kudos

Re: Our Forums' FICO High Achievers: Who has at least one FICO Score of 760 or above?
Options

‎04-06-2008 09:06 PM


psychic wrote:
fused--
 
You have wonderful balance in your trade lines and varied card issuers.  When the Discover Motiva card starts reporting as a 50K credit line, you must let us know how it reports (i.e., revolving, installment, etc.) and is considered in utilization calculations. 

psychic: I am curious as to why would the Motiva report as "installment".  Is there something special about the 50K level?

 
Message 28 of 1,419 (38,842 Views)
 
Reply
Member
ChumChurum
Posts: 46
Registered: ‎08-07-2007
0 Kudos

Re: Our Forums' FICO High Achievers: Who has at least one FICO Score of 760 or above?
Options

‎04-06-2008 09:08 PM


fused wrote:
Here are a couple of High Achiever credit files. Interesting, it's my credit history length, average-age of accounts and inqs that have set me back quite a bit with EX. With the first two, there's not much I can do.
 
FICO Scores:
 
EQ: 777
EX:  734
TU:  792

fused: it seems that your credit profile is better than mine in every respect, yet your scores are lower.  I wonder why.
 
Here is my post showing my Equifax file and score:
 
Message 29 of 1,419 (38,838 Views)
 
Reply
Moderator Emeritus
psychic
Posts: 1,518
Registered: ‎04-20-2007
0 Kudos

Re: Our Forums' FICO High Achievers: Who has at least one FICO Score of 760 or above?
Options

‎04-06-2008 09:19 PM


ChumChurum wrote:

psychic wrote:
fused--
 
You have wonderful balance in your trade lines and varied card issuers.  When the Discover Motiva card starts reporting as a 50K credit line, you must let us know how it reports (i.e., revolving, installment, etc.) and is considered in utilization calculations. 

psychic: I am curious as to why would the Motiva report as "installment".  Is there something special about the 50K level?

 

Each CRA is different.  I have a $33,300 revolving CL that is not included my TransUnion (and I suspect) Experian utilization calculations.  However, this CL is included in my Equifax utilization calculations.  We've always been a little "fuzzy" about these cut-off points.  I'm just trying to determine each CRA's behavior when it comes to high credit lines. 
EQ 814 / TU 815 / EX 842
Message 30 of 1,419 (38,833 Views)
 
Reply
POPULAR LINKS
Credit scores | Credit reports | myFICO Blog | Affiliates

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.