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what score is consider good?

Frequent Contributor

what score is consider good?

what's the magic number?
33 REPLIES
Super Contributor

Re: what score is consider good?

720-760 will usually get the best rates, offers and cards.  Anything much more than that is probably just a safety net
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Valued Contributor

Re: what score is consider good?

720 or higher. Of course, anything above 720 is icing on the cake- but there are some of us that because we had poor credit in the past, it is like game and a "badge of honor" to try to get as high as we can. I am almost to 700.
 
I know a lady w/ 820 up- but we are talking that she has accounts like Sears and Penny's which have been opened for about 20 years, very little inquiries, has paid everything on time all these years, etc. Somewhere on here there is a thread with charachteristics of those who have 800 or higher, but I don't remember where it is. Hopefully someone who has been here quite a while might link it.
 
Bottom line- 720.
Super Contributor

Re: what score is consider good?



MidnightVoice wrote:
From MyFico:
 
FICO High Achievers have credit scores of 760 or above.
 
FICO High Achievers opened their most recent account 27 months ago, on average
 
About 72% of FICO High Achievers did not apply for credit in the past year. Of those that did, about 20% applied for credit just once. (They obviously do not use cell phones Smiley Very Happy )
 
Only about 1% of FICO High Achievers have a 60 days late payment or worse listed on their credit report.
 
Most FICO High Achievers (about 93%), have no missed payments at all. But of those who do have a missed payment, it happened nearly 4 years ago, on average.
 
FICO High Achievers opened their oldest account 19 years ago, on average.
 
Most FICO High Achievers have an average age of accounts between 6 and 12 years.
 
For FICO High Achievers the ratio of  revolving balances to credit limits is 7%, on average.
 
FICO High Achievers opened their first revolving account 19 years ago, on average.
 
Virtually no FICO High Achievers have a public record or a collection listed on their credit report.


The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Senior Contributor

Re: what score is consider good?



oneloveforall_2000 wrote:
what's the magic number?


739. Don't let anyone tell you otherwise, the magic number is 739.
 
First person to get there wins $3.2 million in cash, a Corvette Z06, and a date with Jennifer Garner.
 
Super Contributor

Re: what score is consider good?



Noah_Bodie wrote:


oneloveforall_2000 wrote:
what's the magic number?


739. Don't let anyone tell you otherwise, the magic number is 739.
 
First person to get there wins $3.2 million in cash, a Corvette Z06, and a date with Jennifer Garner.
 


Send me the details of how to collect  Smiley Very Happy
 
I have been here so long I have learned a lot of tricks in playing the game  Smiley Happy
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Established Member

Re: what score is consider good?

Some of us have scores over 800.  We're the few that live within our means.
Super Contributor

Re: what score is consider good?



bobkelly wrote:
Some of us have scores over 800.  We're the few that live within our means.


I thought you didn't believe in credit or credit scores?  Smiley Very Happy
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Senior Contributor

Re: what score is consider good?



bobkelly wrote:
Some of us have scores over 800.  We're the few that live within our means.


If you're gonna recite DaveRamseyism, you gotta keep the rhetoric straight. You guys don't care about FICO scores, and Dave will flog you for spending the money to learn your scores.
 
Super Contributor

Re: what score is consider good?



Noah_Bodie wrote:


bobkelly wrote:
Some of us have scores over 800.  We're the few that live within our means.


If you're gonna recite DaveRamseyism, you gotta keep the rhetoric straight. You guys don't care about FICO scores, and Dave will flog you for spending the money to learn your scores.
 


Glad I am not the only one who noticed  Smiley Very Happy
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid