topic Re: Is a score over 850 possible??? in Understanding FICO® Scoring

Is a score over 850 possible???

EW800 — Tue, 10 Jun 2008 23:25:32 GMT

I had kind of an odd deal happen over the weekend. I assisted a co-worker in purchasing a new vehicle, mainly for moral support. During the negotiating, the sales manager came in and basically informed my co-worker that he would like to have her apply for any loans that he needed in the future. He went on to say that he had been in the business for many years and had never seen a credit score so high. I was not suprised at that comment, as my co-worker is one of the most responsible people I know, however I was shocked the sales manager said that he credit score is OVER the maximum. I do not know that the exact score was, but found his "over the maximum" comment interesting.

Anyone ever heard of a credit score over 850?

Re: Is a score over 850 possible???

tcham54687 — Wed, 11 Jun 2008 00:28:24 GMT

Never trust a salesman!! That line is part of a process of making you feel really good in order to seal the deal. The maximum, is the maximum because it's the maximum.

Message Edited by tcham54687 on 06-10-2008 05:28 PM

Re: Is a score over 850 possible???

Anonymous — Wed, 11 Jun 2008 02:00:47 GMT

It is likely he was lying but it is also possible he is a moron and pulled a vantage score on a 950 scale and thought, wow they broke the FICO record.

Re: Is a score over 850 possible???

Junejer — Wed, 11 Jun 2008 03:02:11 GMT

I vote for schmoozer...okay, liar.

Re: Is a score over 850 possible???

fused — Wed, 11 Jun 2008 03:24:34 GMT

ByrdMan wrote:
I vote for schmoozer...okay, liar.

Re: Is a score over 850 possible???

Lel — Wed, 11 Jun 2008 06:46:43 GMT

He's a shyster, trying to get your friend to apply for a loan through the dealership. Maybe she was planning to pay cash or get a loan through a credit union? It was probably his way of flattering her and implying that she's guaranteed to be approved if she gets a loan through them.

Re: Is a score over 850 possible???

Anonymous — Wed, 11 Jun 2008 08:58:47 GMT

I'd go with the Vantage hypothesis.

Re: Is a score over 850 possible???

Anonymous — Wed, 11 Jun 2008 17:59:00 GMT

In my opinion your friend should consider buying somewhere else. Regardless of what score was obtained, the salesman is obviously doing an ego stroke in an attempt to close the sale. Your friends credit score is probably more than adequate to qualify for a low interest loan and, anything that this salesman says(after qualifying your friend) should center around getting your friend the best loan possible.

Car sales tactics are being driven/shaped and changed by the high cost of gas right now, and a buyer really needs to be aware of this when shopping around.

Re: Is a score over 850 possible???

Junejer — Wed, 11 Jun 2008 18:25:26 GMT

@ChrisGA43 wrote:
In my opinion your friend should consider buying somewhere else. Regardless of what score was obtained, the salesman is obviously doing an ego stroke in an attempt to close the sale. Your friends credit score is probably more than adequate to qualify for a low interest loan and, anything that this salesman says(after qualifying your friend) should center around getting your friend the best loan possible.

Car sales tactics are being driven/shaped and changed by the high cost of gas right now, and a buyer really needs to be aware of this when shopping around.

Yeah, I walked off the lot on a salesman a few weeks ago. He was really kind of "oily". Can't describe it other than I had the strong urge to shower after meeting with him.

The place I eventually bought from had a nice enough guy, but was kind of cheesy. I called him on it and he toned it down. I saw a car I wanted for DD, test drove it and then told him that I wanted to make an offer. After I told him that I wanted to make an offer, he says "okay, I asking for your business, can we do business? Do you want to make an offer?" I told him that he didn't have to try to oversell me or anything--I like the car--just be yourself. Geez, I felt like leaving at that point, but I was all tuckered out from car shopping and just wanted to get a good deal on the vehicle that I saw.

Re: Is a score over 850 possible???

fused — Wed, 11 Jun 2008 18:59:42 GMT

ByrdMan wrote:

The place I eventually bought from had a nice enough guy, but was kind of cheesy.

Like cheddar?

Re: Is a score over 850 possible???

Anonymous — Wed, 11 Jun 2008 19:03:26 GMT

fused wrote:

ByrdMan wrote:

The place I eventually bought from had a nice enough guy, but was kind of cheesy.

Like cheddar?

Har de har har.

Re: Is a score over 850 possible???

Junejer — Wed, 11 Jun 2008 19:18:37 GMT

@fused wrote:

@Junejer wrote:

The place I eventually bought from had a nice enough guy, but was kind of cheesy.

Like cheddar?

Actually, more like limburger.

Re: Is a score over 850 possible???

marty56 — Wed, 11 Jun 2008 19:39:14 GMT

Who cut the cheese?

I mean Pepper Jack with hot peppers and lots of garlic to make Marty's killer nachos. What did you think I ment.

Re: Is a score over 850 possible???

Anonymous — Thu, 12 Jun 2008 13:55:26 GMT

See, I try to think good things about most people, but car salesmen make that very difficult. Esp. after reading that insider sales article that was posted on the auto loan thread, I think.

Re: Is a score over 850 possible???

Anonymous — Thu, 12 Jun 2008 14:36:37 GMT

Well then, can someone explain this to me?

I just viewed my credit account through my card company and according to them my FICO score as of May is 855.

Re: Is a score over 850 possible???

Lel — Thu, 12 Jun 2008 18:12:51 GMT

@Anonymous wrote:
Well then, can someone explain this to me?
I just viewed my credit account through my card company and according to them my FICO score as of May is 855.

As you can read on multiple threads on these forums, the score that you pulled was not a true FICO score. The credit card companies offer a credit score, but it is not a FICO score. You might have received a "Vantage Score", which has a range going up to 990.

Re: Is a score over 850 possible???

haulingthescoreup — Thu, 12 Jun 2008 18:25:04 GMT

@Lel wrote:

@Anonymous wrote:
Well then, can someone explain this to me?
I just viewed my credit account through my card company and according to them my FICO score as of May is 855.

As you can read on multiple threads on these forums, the score that you pulled was not a true FICO score. The credit card companies offer a credit score, but it is not a FICO score. You might have received a "Vantage Score", which has a range going up to 990.

If you were looking at a score through a WaMu account, it might be a "PFICO" --a credit-card-enhanced FICO score. They have a higher range than classic (mortgage) FICO's that you buy here. They are weighted in favor of history that they think especially predicts credit card behavior, and they are often higher (or lower) than straight FICO's.

And then as Lel wrote, it might be any old FAKO score.

Re: Is a score over 850 possible???

Anonymous — Thu, 12 Jun 2008 18:28:31 GMT

It says it is my Bankcard FICO score provided by TransUnion. It shows a chart that goes from 300 to 850, it does not go up to 990. This chart shows that this rating has been anywhere from 811 to 855 over the last year.

If it is not a FICO score why does it say that it is a FICO score provided by TransUnion?

Thanks for the response. I have looked over the other threads on the forum and this seemed like the most logical place to ask about this.

EDIT: Yes, it is through my WaMU account.

Message Edited by Steve777 on 06-12-2008 11:28 AM

Re: Is a score over 850 possible???

haulingthescoreup — Thu, 12 Jun 2008 18:32:06 GMT

@Anonymous wrote:

It says it is my Bankcard FICO score provided by TransUnion. It shows a chart that goes from 300 to 850, it does not go up to 990. This chart shows that this rating has been anywhere from 811 to 855 over the last year.

If it is not a FICO score why does it say that it is a FICO score provided by TransUnion?

Thanks for the response. I have looked over the other threads on the forum and this seemed like the most logical place to ask about this.

EDIT: Yes, it is through my WaMU account.

Message Edited by Steve777 on 06-12-2008 11:28 AM

Seems like a month ago, this came up, where WaMu is not providing the correct score range on the Bankcard FICO score (the proper name for the PFICO score.) Someone at WaMu took the score range from the classic. I'll see if I can dig up the proper range, although there's a good chance someone will beat me to it! If anyone else remembers this number, please post it for us all.

We also keep seeing posts about the classic TU mortgage score range only going up to 813 or some odd score. After a whole lot of digging, one of the admins determined that this was a figure guessed at long ago by a lender, who printed it on some sort of loan inf, and it's been copy/ pasted on countless documents over the years.

Re: Is a score over 850 possible???

Anonymous — Thu, 12 Jun 2008 19:11:06 GMT

Thanks but don't go through too much trouble on my behalf.

I'll look into getting the real numbers from the three credit reporting agencies. TransUnion seems to provide it...for a fee.