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Senior Contributor
Posts: 4,834
Registered: ‎04-20-2007
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Re: what score is consider good?



fused wrote:
It's my understanding that a good FICO score is 680+, very good 720+ and excellent is 760+.



Those are the numbers I go by myself. How has the noble experiment worked out for you?
Moderator Emeritus
Posts: 16,382
Registered: ‎03-12-2007
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Re: what score is consider good?



smallfry wrote:


fused wrote:
It's my understanding that a good FICO score is 680+, very good 720+ and excellent is 760+.



Those are the numbers I go by myself. How has the noble experiment worked out for you?

Are you talking about having only three of my revolving accounts reporting 1-9% util? If so, I'm still waiting for my accounts to update, it's taking a long time for some reason.
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
Senior Contributor
Posts: 4,834
Registered: ‎04-20-2007
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Re: what score is consider good?

Please keep us posted. I am curious to see the results. My bet is no difference to speak of. Just a hunch.
Frequent Contributor
Posts: 264
Registered: ‎11-08-2007
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Re: what score is consider good?

Five years ago my Fico was below 600. As of today is very close to 700.
 
Unfortunate it takes 5 years to get from below 600 to 700.
 I know, have had excellent credit for 3 years and it (my score) just kind of plays this game of going up and down but never really going anywhere in that time.  I cannot get past 660.
It is just a big game the credit companies play with us.
Senior Contributor
Posts: 4,635
Registered: ‎03-11-2007
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Re: what score is consider good?



zman wrote:
Unfortunate it takes 5 years to get from below 600 to 700.


Umm, no. Everyone's situation is different, so there aren't any hard and fast X points gain or loss in Y period of time.
 
I went from high 500s in April to mid 600s in September. DW went from low 600s to low 700s in that same time. 75 to 100 points can be done without divine or legal intervention, and some have achieved even larger jumps in a period of months.
 
Senior Contributor
Posts: 4,635
Registered: ‎03-11-2007
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Re: what score is consider good?

Update: The magic number has been changed.
 
It is now, no longer, 739. Henceforthwith, the magic number is: 727
 
That is all.
 
Established Member
Posts: 12
Registered: ‎11-10-2007
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Re: what score is consider good?

I like the number 777
11/11 TU-692, EQ-677, EX-687 w/92% CC Util
10/23 TU-682, EQ-643, EX-676 w/93% CC Util
New Visitor
Posts: 1
Registered: ‎11-20-2007
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Re: what score is consider good?

My credit score was 740 for a long time.  I spoke with a financial advisor who recommended that I get rid of all my store credit cards and keep 1 major credit card.  Since then my credit score has gone up over 100 pnts and my most recent Transunion report showed a score of 845.
 
I pay off my credit card each month
I pay extra on my student loans when I can
I paid off my 5 year car loan in 3
 
I hate debt.
Super Contributor
Posts: 8,198
Registered: ‎03-25-2007
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Re: what score is consider good?



Alyssa wrote:
My credit score was 740 for a long time.  I spoke with a financial advisor who recommended that I get rid of all my store credit cards and keep 1 major credit card.  Since then my credit score has gone up over 100 pnts and my most recent Transunion report showed a score of 845.
 



Was the 740 a real score or a FAKO like the TU score?
 
 
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
Moderator Emerita
Posts: 28,095
Registered: ‎04-01-2007
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Re: what score is consider good?



Alyssa wrote:
My credit score was 740 for a long time.  I spoke with a financial advisor who recommended that I get rid of all my store credit cards and keep 1 major credit card.  Since then my credit score has gone up over 100 pnts and my most recent Transunion report showed a score of 845.
 
I pay off my credit card each month
I pay extra on my student loans when I can
I paid off my 5 year car loan in 3
 
I hate debt.


I hate debt, too. That is why I have hardly any debt at all (mortgage, last remnant of student loan, home equity line of credit not yet used which will be converted to a fixed loan when remodeling is done.)
 
I have 5 credit cards with a total of $52K+ available credit, and no balances on any of them. My scores (which are FICO) are low because of past sloppiness in repayments. No bankruptcies, no collections, no judgments. I don't jump when the phone rings, or when someone knocks on the door.
 
Please don't join the mob of people who think that having credit is having debt. It's not.
* 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

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