topic . in Understanding FICO® Scoring

Finally Made 850 on Score on All Three!

Tricky3 — Tue, 08 Oct 2019 11:26:53 GMT

Finally made 850 on all credit bureaus! Granted this is only in FICO Source 8, none of the other scores are perfect - expect for Equifax Source 9.

This is after declaring BK in 2003 and around 2010 I started tracking my score and visiting the forms. While I have not posted a lot, I have read a LOT!! Thank you to all that post invaluable information!

BTW, I don't know who else to brag too, without sounding like a total ass. I hope you guys get that I wanted to brag a bit and not think ill of me ;-)

EDIT: Was asked about my Credit

1st up, I did get lucky with one of my CC, Amex. After BK they let me back in around 9 years. They also backdated my membership and credit date to when I first got my card before BK (1996). That change gave me a double digit increase. Only when BK drop did I ever have a bigger jump.

I have 17 open accounts.

11 Credit Cards

4 Retail Cards

1 Home Loan

1 Lease

I have 149,000 worth of credit with all my 15 cards. My highest is 20k with Capital One and Chase

I hardly ever have more than 1 card carry a balance.

I hardly ever have any one card over 8%

I generally stay ~5% of total usage

Never been late since BK

Card: Amex, Capital One, Citi, Chase, Barclay, Discover, Target, Kohl’s, various Synchrony.

Re: Finally Made 850 on Score on All Three!

grower1 — Mon, 07 Oct 2019 22:15:22 GMT

Congrats Tricky! It's a huge accomplishment to be proud of! Bring on the champagne

Re: Finally Made 850 on Score on All Three!

Anonymous — Mon, 07 Oct 2019 22:33:35 GMT

Congratulations.

You've obviously worked hard to get to 850 on all three bureaus and you deserve to brag.

Re: Finally Made 850 on Score on All Three!

Tricky3 — Mon, 07 Oct 2019 22:42:09 GMT

how are you guys making your sigs, you have a tool that mines that data or are you doing it manually?

Re: Finally Made 850 on Score on All Three!

Anonymous — Mon, 07 Oct 2019 22:48:22 GMT

@Tricky3 wrote:
how are you guys making your sigs, you have a tool that mines that data or are you doing it manually?

https://ficoforums.myfico.com/t5/SmorgasBoard/THIS-IS-HOW-YOU-ADD-CREDIT-CARD-PICS-TO-YOUR-PROFILE/td-p/2262839

Re: Finally Made 850 on Score on All Three!

GApeachy — Mon, 07 Oct 2019 22:54:17 GMT

@Tricky3 wrote:

BTW, I don't know who else to brag too, without sounding like a total ass. I hope you guys get that I wanted to brag a bit and not think ill of me ;-)

Only we understand and appreciate the GOAL!

YOU WON!!!!!!!!!! CONGRATS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

....now what are ya gonna do with your time?

Re: Finally Made 850 on Score on All Three!

Anonymous — Mon, 07 Oct 2019 22:56:16 GMT

So incredible! Congrats! No worries on sounding like an ass, too. I'd be Pimp strutting down the street with my phone in hand, showing people my Fico scores as they walked by

Re: Finally Made 850 on Score on All Three!

grower1 — Mon, 07 Oct 2019 22:59:44 GMT

@Anonymous wrote:
So incredible! Congrats! No worries on sounding like an ass, too. I'd be Pimp strutting down the street with my phone in hand, showing people my Fico scores as they walked by

Re: Finally Made 850 on Score on All Three!

chhull00 — Mon, 07 Oct 2019 23:33:09 GMT

Go head tell the whole world, that is a MASSIVE acomphishment, you go with that 850-850-850 (im sooooo jealous)

Re: Finally Made 850 on Score on All Three!

kilroy8 — Mon, 07 Oct 2019 23:33:57 GMT

Big congrats!

Re: Finally Made 850 on Score on All Three!

AllZero — Mon, 07 Oct 2019 23:35:22 GMT

Excellent job. Congratulations on your success!

Re: Finally Made 850 on Score on All Three!

Auricom — Tue, 08 Oct 2019 05:37:53 GMT

Wow! Can I ask what your report looks like? How many files, AAoA, installments/cards/etc etc etc? I've been working hard on my credit from a non-existent file back in 2012 and I'm still not even in the 800s.

Re: Finally Made 850 on Score on All Three!

Anonymous — Tue, 08 Oct 2019 08:24:47 GMT

Totally awesome!!! That does not happen without careful attention to the detail. You have done very well. Congrats!

Re: Finally Made 850 on Score on All Three!

Anonymous — Tue, 08 Oct 2019 12:12:47 GMT

@Auricom wrote:
I've been working hard on my credit from a non-existent file back in 2012 and I'm still not even in the 800s.

What does your file look like? 800s can be had with only a few years of credit history, so age shouldn't be your constraint at 7 years of depth.

Re: Finally Made 850 on Score on All Three!

Anonymous — Tue, 08 Oct 2019 12:14:03 GMT

Nice work OP going from the bottom (BK) to the top in hitting the triple 850. It's a great feeling, for sure. It's also clear that you've learned from your past mistakes, which I feel is the most important part, as you're keeping your utilization low at all times now and of course never miss payments.

Re: Finally Made 850 on Score on All Three!

Tricky3 — Tue, 08 Oct 2019 12:15:29 GMT

hi Auricom, I updated my 1st post with my credit highlights. Let me know if I did not cover something that you like me to list/talk about.

BTW, I'm OCD about utilization, which is why I try and get very high limits on m CC. I would never even get close to using max credit, much less reach 10%. Which is really silly to have to do. I tell friends and family, FICO is a game - once you know the rules you can get great scores, IMO. Me chasing all "850s" was just me trying to see how well I could play this game ;-)

I also try to read the find print on getting CC limit increases, I always ask for them when they are soft pulls. The higher my total limit, the better chance I'll be under 10% when I need to make a big buy

My next goal is to get a ample line of credit at a Credit Union that has a low rate (which I am waiting to see if the Fed will drop rates more).

Re: Finally Made 850 on Score on All Three!

Anonymous — Tue, 08 Oct 2019 12:20:55 GMT

@Tricky3 wrote:

My next goal is to get a ample line of credit at a Credit Union that has a low rate (which I am waiting to see if the Fed will drop rates more).

Just be careful with low rate cards. They sound great and all, but for some they become an "okay" reason to pay interest. Some people justify unnecessarily carrying balances because "hey, it's a low interest rate!" I see no problem with a low rate CU card, or having one for a just in case situation, but think it's worthy of mentioning that from a financial health perspective one shouldn't even plan on paying interest.

Re: Finally Made 850 on Score on All Three!

Tricky3 — Tue, 08 Oct 2019 12:32:55 GMT

In general, I agree and that has been my SOP - don't pay interest. I leverage defer credit a LOT and in the last 6~7 years I have not paid any interest, other than home and car(s).

I have some big "home things" I need to do and I don't want to use CC or a regular home improvement loan and certainly not manufacturers credit. Depending on what is going on, I could be paying it off fast but I have the option not to.

So, looking to take a credit check hit one time and have the line of credit forever, where normally I'd have to use CC, one time loan, or manufacturers credit. I am talking about home siding, new A/C, all the concrete replaced around my house, etc.

Re: Finally Made 850 on Score on All Three!

SleeplessinMA — Tue, 08 Oct 2019 17:52:10 GMT

@Tricky3 wrote:

Finally made 850 on all credit bureaus! Granted this is only in FICO Source 8, none of the other scores are perfect - expect for Equifax Source 9.

BTW, I don't know who else to brag too, without sounding like a total ass. I hope you guys get that I wanted to brag a bit and not think ill of me ;-)

Outstanding, Tricky3! You've come a long way from where you were once at, you've earned the

right to BRAG!! No way ANY of us would think ill of you!

Congratulations! You've just shown that it CAN be done

Re: Finally Made 850 on Score on All Three!

calyx — Tue, 08 Oct 2019 19:23:30 GMT

Congrats on your 850s!