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

Established Member

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

Just got a 766 on EQ!

 

0 inq's, 1% util, 2 CC's, 1 car loan PIF, everything clean

Your oldest account was opened: 2 Years, 11 Months ago
Average age of your accounts: 2 years

TU 790 - 1/2012
New Visitor

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

Hi there,

 

Here are my FICO scores and hubbies, respectively:

 

TU = 778, EXP = 730, EQU = 763 

TU = 741, EXP = 672, EQU = 781

 

As you can see I have 2 out of 3 agencies with an excellent rating, hubby has 1 out of 3.

 

What can we do to improve all 3 agency to excellent status across the board?

 

If you need more information to advise, please just let me know and I'll let you know what's on there. Right off, I can tell you that we go against the average in terms of the number of accounts we have. Can closing accounts we don't use really hurt our score? Can leaving them, especially in light of the recent turmoil, end up hurting us anyway?

 

Any thoughts would be greatly appreciated. Glad to have found this site.

Super Contributor

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

Closing accounts can lower your score due to the average age of accounts being lower.  I would never close any account unless it has a monthly or yearly fee.  Also some CCCs will not give you a new account if you closed one with them in the past.

 

IMHO I dont think you get dinged for non-used accounts.

 

In terms of improving your EX score, first make sure that all 3 CRAs have the same information.  My EQ score is much lower then my other 2 scores since I have a major derog and EQ smacks me more for it so in my case, there is nothing I can do to improve my EQ score beyond waiting for the derog to fall off.

 

On your EX, without knowing the details, a new installment (autoloan) would lower your EX score until the first payment reports.  Also do you have a large number of INQs on EX?  Also check total util/#accounts reporting.

 

Finally if there is derog info on your EX that is not on your EQ and or TU, I would leave it be.

10/17/2017 FICO: EQ 829 TU 830 EX 826
Valued Contributor

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

Closing accounts does not necessarily cause your score to be lower, but you want to keep in mind a few things when considering it. If you are talking about an installment loan, your score will go down some if it is the last one on your report. Same with a mortgage loan. However, that ding is not very large.

If we are talking about revolving or open accounts, closing them can also have effects on credit mix, but that's not usually where the score hit will come. Closing a CC can make your percentage of open accounts with balances worse. It can also hurt your utilization percentage by removing the credit limit of the card from util calculations.

If neither %with balance or util will be hurt, then your score will probably not change much if at all.

After a few years, generally 10, the account will fall off and there will be changes to your average age of accounts at that point.

Regarding your score differences, the score ranges are so large for you that there have to be some fairly major differences between the reports. You should get your reports from annualcreditreport.com and line them up to see what the differences between them are. Also, it matters where you bought the scores. If you bought the scores directly from the CRAs, then the EX and TU scores are not FICO.
New Visitor

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

I just ordered all three of my scores.  This is the first time I've done a full score/analysis pull.  These are current as of 19Oct08.

 

TransUnion - 783

Equifax - 811

Experian - 809

 

Here are some of the relevant contributing stats that I see many people mentioning:

 

-Revolving credit balance:  2%

-Oldest account:  12 years, 3 months (which is also first revolving account)

-Average account age:  8 years

 

I have three credit cards:

-Citibank Mastercard 27.5k limit (my primary card, which typically accrues a balance of a few hundred each month)

-Capital One Mastercard 7k limit (secondary card for some recurring expenses that total about $50 each month)

-American Express Blue 5k limit (I've only used this card once or twice, so it essentially never has a balance)

 

I have one auto loan with a balance of about 16.5k as of today.  I have no mortgages, nor have I ever had one.  I've never missed any payments on anything and I've only carried a balance on a credit card once or twice for just one month.  I had student loans from my collegiate career, but I paid all of those off a couple of years ago (well ahead of schedule).  I am 29 years old.

Regular Contributor

Experian score at 799!

I got TU and EX scores and report today and my Experien score went up to 799!!  I looked at the report and the charge-off of an auto loan that I co-signed for in 2001 is off the report!  My score went up 34 points!  It says that the only negative I have is a short credit history, which is 12 years, and that most high achievers have an average of 19 years.  My util is 3% out of a CL of about $75k.

 

 

No change AT ALL on EQ and TU scores in at least 5 months.  TU says that the charge-off will be coming off in December this year.

1/10/09 EQ=806, TU=772, EX=788
Moderator Emeritus

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

My most recent FICO scores.  When I pulled these scores, my revolving accounts balance total was only $7--

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Message Edited by psychic on 10-25-2008 02:42 PM
EQ 814 / TU 815 / EX 842
Moderator Emerita

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

Wow, you could pretty much subtract 100 points across the board, and there'd be my scores! Smiley Very Happy

Great to have you back.
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Regular Contributor

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

This is the first time I have ever pulled my FICO scores. I was happily surprised to see my scores in the mid 700s. I was worried because I had difficulty making all my payments on time for a few months in 1999. I was able to PIF but the ordeal was so awful I swore off credit cards and closed all my accounts by 2001. About the same time I moved to Canada to begin graduate studies.

 

Once I saw a copy of my credit report, I realized the damage I have caused by closing my otherwise perfect eight year old accounts. Instead of panicing the way I did, I should have put them in the 'sock drawer'. However at the time, I was in dire straits, unsure of my financial future and had no sound guidance.

 

Now I am now trying to reestablish my US credit history by opening new credit card accounts. All my current accounts are Stafford loans. As I said before, I am surprised my scores are as good as they are. I'm glad to have found myFICO to properly educate me about credit management. Thank you for your help.

Message Edited by mazinaige on 11-05-2008 06:44 PM

FICO® TU: 703 8/07/2015, EQ: 716 8/07/2015
Valued Contributor

Re: Latest FICO scores...

Ohhhh, can I play?  I'm waiting for my other two to catch up a bit, but my EQ is 766.