topic Re: I just hit 790 in Understanding FICO® Scoring

I just hit 790

Flex1 — Tue, 11 Dec 2018 22:30:33 GMT

https://imgur.com/a/CfpW3nN

I've been reading the forum posts on and off for a while but just recently signed up so that I can post messages.

Re: I just hit 790

Anonymous — Tue, 11 Dec 2018 22:32:28 GMT

Keep up the great work!

Re: I just hit 790

Anonymous — Tue, 11 Dec 2018 22:34:11 GMT

Congratulations Flex! Nice to see hard work and dedication persevere!

Re: I just hit 790

Flex1 — Tue, 11 Dec 2018 22:34:12 GMT

@Anonymous wrote:
Keep up the great work!

Thank you!

Re: I just hit 790

Flex1 — Tue, 11 Dec 2018 22:34:53 GMT

@Anonymous wrote:
Congratulations Flex! Nice to see hard work and dedication persevere!

Thank you!

Re: I just hit 790

Anonymous — Tue, 11 Dec 2018 22:36:18 GMT

@Flex1 wrote:
https://imgur.com/a/CfpW3nN

I've been reading the forum posts on and off for a while but just recently signed up so that I can post messages.

Commendable; but what's your FICO 8 score.

Re: I just hit 790

Anonymous — Tue, 11 Dec 2018 22:47:26 GMT

OP, in looking at your graphic I see you have no recent revolving balances as a reason statement provided. This means you may be leaving 14-20 points or so on the table compared to if you let a small balance report on one of your revolvers. That being said, your profile may be capable of yielding a 800-810 score on EQ if you were to make that one minor change.

Re: I just hit 790

Flex1 — Tue, 11 Dec 2018 22:52:22 GMT

@Anonymous wrote:
OP, in looking at your graphic I see you have no recent revolving balances as a reason statement provided. This means you may be leaving 14-20 points or so on the table compared to if you let a small balance report on one of your revolvers. That being said, your profile may be capable of yielding a 800-810 score on EQ if you were to make that one minor change.

Thank you for the advice. I usually charge something and then immediately pay it off before its due. I'll let a few small balances report and keep you posted and on any changes

Re: I just hit 790

Flex1 — Wed, 12 Dec 2018 18:16:12 GMT

@Anonymous wrote:
@Flex1 wrote:
https://imgur.com/a/CfpW3nN

I've been reading the forum posts on and off for a while but just recently signed up so that I can post messages.

Commendable; but what's your FICO 8 score.

Fico 8:

https://imgur.com/a/2oTTa1y

Fico 9:

https://imgur.com/a/CfpW3nN

Re: I just hit 790

Anonymous — Tue, 11 Dec 2018 22:58:46 GMT

@Flex1 wrote:
Thank you for the advice. I usually charge something and then immediately pay it off before its due. I'll let a few small balances report and keep you posted and on any changes

Not a few... just one. "AZEO" means "All Zero Except One." If you charge something that's say $100, immediately pay off $95 of it and leave behind a $5 balance to report at the end of your statement period. As soon as that $5 reports, you can pay off the $5 (plus any other charges if you have them). You won't ever pay a penny if interest if you do this.

It's also worth noting that while implementing this strategy to bump your score up to 800-810, it isn't really necessary since your score is already top-notch in terms of what lenders like to see. You could do it just for fun though (that's why I play around with AZEO at times) to see what you can max your score out at. It's also not a terrible idea to do even if your score is already high prior to an application just to give your score the best possible look and additional peace of mind.

Re: I just hit 790

Flex1 — Tue, 11 Dec 2018 22:59:59 GMT

@Anonymous wrote:
@Flex1 wrote:
Thank you for the advice. I usually charge something and then immediately pay it off before its due. I'll let a few small balances report and keep you posted and on any changes
Not a few... just one. "AZEO" means "All Zero Except One." If you charge something that's say $100, immediately pay off $95 of it and leave behind a $5 balance to report at the end of your statement period. As soon as that $5 reports, you can pay off the $5 (plus any other charges if you have them). You won't ever pay a penny if interest if you do this.

It's also worth noting that while implementing this strategy to bump your score up to 800-810, it isn't really necessary since your score is already top-notch in terms of what lenders like to see. You could do it just for fun though (that's why I play around with AZEO at times) to see what you can max your score out at. It's also not a terrible idea to do even if your score is already high prior to an application just to give your score the best possible look and additional peace of mind.

Thank you! Will do! :-) I'll keep you posted

Re: I just hit 790

RonM21 — Wed, 12 Dec 2018 00:26:22 GMT

@Flex1 wrote:
https://imgur.com/a/CfpW3nN

I've been reading the forum posts on and off for a while but just recently signed up so that I can post messages.

Welcome and congrats on your accomplishments! Hopefully you'll hang around, and maybe from your experiences, you will be able to help someone else striving to reach to where you are at now.

Re: I just hit 790

Flex1 — Wed, 12 Dec 2018 02:55:59 GMT

@RonM21 wrote:
@Flex1 wrote:
https://imgur.com/a/CfpW3nN

I've been reading the forum posts on and off for a while but just recently signed up so that I can post messages.
Welcome and congrats on your accomplishments! Hopefully you'll hang around, and maybe from your experiences, you will be able to help someone else striving to reach to where you are at now.

Thank you!

Re: I just hit 790

19eighty5 — Wed, 12 Dec 2018 04:20:07 GMT

Congratulations on your achievement!

Re: I just hit 790

Flex1 — Wed, 12 Dec 2018 14:49:02 GMT

@19eighty5 wrote:
Congratulations on your achievement!

Thank you!