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

[expatCanuck]

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@Anonymous wrote:

In early January I had a bankruptcy fall off after 9 1/2 years. My score went up 80 points, overnight to 798. It has been going up a point every 2 or 3 days as other accounts that have been PIF are being recorded and I show an 803, today. On February 1st I will have my utilization at 0%. I don't see what else I can do to raise my score, but doing so would be nice.

I'm worried that not using my cards and carrying a $0.00 balance will hurt my score and I already had one card cancel my account because it wasn't used for a year, with a nasty note telling me to NEVER apply, again. Of course, last week I got a pre-approved solicitaion/invitation from that company for a card at half my previous CL. Don't hold your breath.

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Congrats on your journey back to fiscal health!!

Don't sweat the zero balance just yet -- it just take a month to let one card report a (small) balance to get the AZEO benefit.

[Stickbug]

After diligently working through a frustrating identity theft incident, my scores have rebounded nicely. 

EQ - 833 

TU - 832

EX - 829

[GFer]

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@Stickbug wrote:

After diligently working through a frustrating identity theft incident, my scores have rebounded nicely. 

EQ - 833 

TU - 832

EX - 829

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Sorry you had to go through that, but looks great from here, Stickbug!

[GFer]

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@marty56 wrote:

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@Anonymous wrote:

Excited to say I no longer have any negative accounts reporting to any CB.  With that said all my Fico 8 scores are now 760+  

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Isn't a great feeling the first time you get youre scores at 760+.

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Congrats to you, marty56!  It's all uphill from here!  I remember being downright giddy when my last baddie fell off!

[LilyBee]

Expat, Gfer, Marty -- Cheers to all who stick to the "gain" plan.

[Anonymous]

My FICO score has hovered between 805-816 since mid 2016. Checked my score recently, and it had dipped to 776.

I don't quite understand this because I am never late with a payment. I have $48,000 available to me on credit cards, and utilize about 2% of that a month, and always pay the balance in full every month.

I did open a new card recently, however a 30+ point drop seams a little excessive. Any ideas?

[Anonymous]

Coming from 517, with $0.00 credit back in 12/13 to 817 today. Mostly, it was removing most of the baddies, opening up a lot of credit/charge cards/auto loan (total CL's now over $130K, 5 HP's spread out on the 3 CR's), and watching the calendar

[LilyBee]

I feel your pain, Marcus.  The only time my scores go down is if I apply for credit for something or other.  So, I expect a big drop since I just applied for a new car loan.  Doesn't matter if we pay accounts off ahead of time, or that my utilization is 1%, I'll still get a significant hit.   It's impossible to 'shop around' for the best loan on a house or car without getting dinged on credit scores.  There oughta be a law.

[Anonymous]

LilyBee

There are methods to “shop around” for the best loan without taking a hit. It just depends on what your credit is and if you have a relationship with the institution. Yes, this will probably not be available to everyone, but they do exist. For example, I have a Capital One Quicksilver card with a nice limit. I’ve had it for years. I also have a high yield (1.4%) regular savings account with Cap One. I routinely get snail mail letters from Cap One’s Auto Navigator that give me a “no impact” eligibility and rate decision. Fundamentally, it is a soft pull (that they already did before they sent the stuff) that will allow me to see what interest rate I can get on cars. I have similar accounts with Discover (1.4% regular savings and credit card accounts) that do the same for home improvement loans. They too send me these types of things as do USAA and Chase for mortgage, car and personal loans.

If I could be so bold as to offer a revised wording to this thread. It should be “FICO High Achievers: Who [have] at least one FICO Score of 760 or above FOR AT LEAST TWELVE MONTHS.” Lenders know that FICO is a snapshot of your score. On any day you could have a 760; however, if you maintain that score, then (I know) they (lenders) will provide these benefits of soft pull reports to “shop around”. It’s the only way I buy things on credit now-and-days.

And remember when you say “There oughta be a law”  that loans are not a right but a privilege. Now that you’ve reach the credit level, maintain it (and it looks like you have for quite some time). You should see the true power of your credit. Lenders have the privilege to give you the loan and you have the privilege to reject it. You should have by now or shortly will find (if you maintain your financial health like you have) that there will be far more lenders hoping you give THEM the privilege of taking their loan than the other way around. 

Y

[LilyBee]

Thanks for the info, Ytzak.  Good to know.  My "credit" has always been excellent.  (Read:  obsessive.)  I do have long time Discover, Capitol One, AX, BofA, Chase, among others, but I usually use my debit card for purchases.  Other cards are for travel or small time purchases to maintain credit lines.  Next time I decide to apply for a loan of any sort, I will check out the cards to see what offers they have.  I neglect to read all the stuff they send me.  [**bleep**!  Too soon old, too late smart.]  

I applied through my credit union and asked for a soft pull, but they said they only do hard pulls.  But I will get a premium interest rate.    You're right though; I  get tons of companies wanting me to spend my money with them.  Good thing I have most everything I need.