Senior Contributor
MattH
Posts: 3,240
Registered: ‎04-03-2008
Re: Has anyone ever hit 850?
[ Edited ]

Dallasgirl wrote:

http://articles.moneycentral.msn.com/Banking/YourCreditRating/PerfectCreditYouDontNeedIt.aspx

 

I've often wondered if there was anyone out there who has ever attained the so-called "perfect score" of 850.  According to this article, 825 seems to be about as high as anyone could ever attain. 

 

I've been scouring these forums during the past week and everything I've read indicates that once you reach the higher score buckets (new lingo I picked up!), it really doesn't make a difference as far as getting lower interest rates with lenders.  I tend to be a little on the obsessive side, so I guess reaching the "holy grail" of credit scores will be forever elusive! :smileytongue:


 

Well, my Experian FICO score was 826 pulled on 9 Jan 2009 with a very clean history, oldest account AMEX since 1982, low utilization, etc.  Unfortunately my FICO score is about to take a major hit because a few years ago I made a mistake driving and hit another car.  Even worse, the person whose car I hit has a close relative who is a lawyer, they refused to settle with my insurance company and the case comes up in court this week.  No question of my having to pay anything, I'm covered and my agent says because I was accident-free for so long prior to this one my rates will not go up.  But there will be a public record of a judgement, and I understand the FICO algorithm does not distinguish between something like this and a judgement due to a bad debt.

 

The trial will not be to determine fault, that has been conceded from the beginning (it was my fault, no argument there), the issue to be detemined by the court is the dollar amount of the damages because my insurance company and the person I hit could not agree on a settlement.  Drive carefully everybody, and especially avoid hitting somebody related to a lawyer.

 

 

Message Edited by MattH on 01-12-2009 09:09 PM
TU 791 02/11/2013, EQ 800 1/29/2011 , EX Plus FAKO 812, EX Vantage Score 955 3/19/2010 wife's EQ 9/23/2009 803
EX always was my highest when we could pull all three
Always remember: big print giveth, small print taketh away
If you dunno what tanstaafl means you must Google it