topic Achieved Perfect FICO 8 Score at TransUnion in Understanding FICO® Scoring

Achieved Perfect FICO 8 Score at TransUnion

s_haliz — Tue, 14 Jul 2015 21:30:46 GMT

850/850

If I recall correctly, my scores were in 760s even back in 2002 when I had bought my second house. Since then it never felt below 780. It had flirt to 830s for months before it had reached to 850 today.

Re: Achieved Perfect FICO 8 Score at TransUnion

s_haliz — Wed, 15 Jul 2015 18:23:13 GMT

Based on research done in 2010, only 0.5% consumer had ever reached 850 score. So technically I am ahead of 99.5% consumers. Though per another research, once your score is above 760-780, you would enjoy same great interest rates etc. on loan/mortgage. And so getting perfect 850 would not by itself lend you anything preferential (than someone had 770 score for example). Just a self satisfaction of having perfect score. Also this score may not stay static from this point forward. It could change.

Re: Achieved Perfect FICO 8 Score at TransUnion

AzaleaB — Wed, 15 Jul 2015 21:26:07 GMT

Congrats on the perfect score! Yeah, you don't need it, 760+ is fine but 850 looks so pretty!☺

Re: Achieved Perfect FICO 8 Score at TransUnion

ddemari — Thu, 16 Jul 2015 02:10:08 GMT

Congrats! That is an amazing accomplishment!

Re: Achieved Perfect FICO 8 Score at TransUnion

NRB525 — Thu, 16 Jul 2015 04:17:54 GMT

@s_haliz wrote:
Based on research done in 2010, only 0.5% consumer had ever reached 850 score. So technically I am ahead of 99.5% consumers. Though per another research, once your score is above 760-780, you would enjoy same great interest rates etc. on loan/mortgage. And so getting perfect 850 would not by itself lend you anything preferential (than someone had 770 score for example). Just a self satisfaction of having perfect score. Also this score may not stay static from this point forward. It could change.

Congratulations!

1) What is your total outstanding balance, and overall utilization percentage?

2) How many cards report balances?

3) Have you called or SM AMEX about getting your APR reduced on the BCP?

4) Have you closed other cards? 3 cards are new as of 2014?

Re: Achieved Perfect FICO 8 Score at TransUnion

gdale6 — Thu, 16 Jul 2015 04:22:12 GMT

Nice, grats to you OP

Re: Achieved Perfect FICO 8 Score at TransUnion

s_haliz — Thu, 16 Jul 2015 12:20:22 GMT

NRB525...

Here are my answers:

1) What is your total outstanding balance, and overall utilization percentage?
2) How many cards report balances?
Answer 1 & 2: I had just one card that had reported balance......$1; Overall utilization comes of 1% (much lesser than 1% but they do round up to nearest full %) I had utilized about 2.5% during the month (of my $180K available limit) but paid them off before statement got cut.

3) Have you called or SM AMEX about getting your APR reduced on the BCP?
Answer 3: I am planning to call around December since I am still under 0% promotional scheme.

4) Have you closed other cards? 3 cards are new as of 2014?
Answer 4: I had not closed any cards during last 4 years. During 2014, I had actually 4 new cards (AMEX is also new but since I used to have AMEX around mid 1980s, I was able to have MSD)

Re: Achieved Perfect FICO 8 Score at TransUnion

Anonymous — Thu, 16 Jul 2015 21:10:08 GMT

@s_haliz wrote:
Based on research done in 2010, only 0.5% consumer had ever reached 850 score. So technically I am ahead of 99.5% consumers. Though per another research, once your score is above 760-780, you would enjoy same great interest rates etc. on loan/mortgage. And so getting perfect 850 would not by itself lend you anything preferential (than someone had 770 score for example). Just a self satisfaction of having perfect score. Also this score may not stay static from this point forward. It could change.

Yeah, once you hit 780, its pretty much just bragging rights from there on out.

Gratz.

Re: Achieved Perfect FICO 8 Score at TransUnion

Thomas_Thumb — Sat, 29 Aug 2015 01:28:08 GMT

@s_haliz wrote:
Based on research done in 2010, only 0.5% consumer had ever reached 850 score. So technically I am ahead of 99.5% consumers. Though per another research, once your score is above 760-780, you would enjoy same great interest rates etc. on loan/mortgage. And so getting perfect 850 would not by itself lend you anything preferential (than someone had 770 score for example). Just a self satisfaction of having perfect score. Also this score may not stay static from this point forward. It could change.

Congratulations on your TU 850.

Here is a new TU milestone challenge for you - Fico 8 Bankcard 900.

Re: Achieved Perfect FICO 8 Score at TransUnion

Anonymous — Sat, 29 Aug 2015 14:56:08 GMT

Congratulations. I have a question; answer only if you are comfortable. Do you have any installment loans? If you do, what is the % left? Technically two questions. Thanks.

Re: Achieved Perfect FICO 8 Score at TransUnion

NRB525 — Sat, 29 Aug 2015 15:17:13 GMT

@s_haliz wrote:
NRB525...

Here are my answers:

1) What is your total outstanding balance, and overall utilization percentage?
2) How many cards report balances?
Answer 1 & 2: I had just one card that had reported balance......$1; Overall utilization comes of 1% (much lesser than 1% but they do round up to nearest full %) I had utilized about 2.5% during the month (of my $180K available limit) but paid them off before statement got cut.
3) Have you called or SM AMEX about getting your APR reduced on the BCP?
Answer 3: I am planning to call around December since I am still under 0% promotional scheme.
4) Have you closed other cards? 3 cards are new as of 2014?
Answer 4: I had not closed any cards during last 4 years. During 2014, I had actually 4 new cards (AMEX is also new but since I used to have AMEX around mid 1980s, I was able to have MSD)

This aligns with what my idea of 850 means: Virtually (or here absolutely) no borrowing. That's fine, the 850 represents a virtual zero chance of defaulting on the open borrowings, which is what FICO is measuring.

Thanks for the info!

Re: Achieved Perfect FICO 8 Score at TransUnion

Thomas_Thumb — Sat, 29 Aug 2015 16:36:09 GMT

@Anonymous wrote:
Congratulations. I have a question; answer only if you are comfortable. Do you have any installment loans? If you do, what is the % left? Technically two questions. Thanks.

rizfico, I suspect your question was likely directed to the OP but I'll answer it for my situation.

I have not had any installment loans other than mortgages on my CB reports. I currently have one open 15 year mortgage with 10 years of ontime payment history. Remaining balance is currently under 40% - but was around 50% when when Discover Card 1st reported my TU Fico 8 at 850. A prior 15 year mortgage paid off and closed 10 years ago recently fell off my CB reports.

Re: Achieved Perfect FICO 8 Score at TransUnion

gamegrrl — Mon, 31 Aug 2015 14:51:08 GMT

Congratulations to the OP!

My Equifax score just hit 833. And yeah, I was pretty excited!

Re: Achieved Perfect FICO 8 Score at TransUnion

Anonymous — Tue, 01 Sep 2015 19:43:54 GMT

Congrats on your fantastic scores. It's a worthy goal.

Re: Achieved Perfect FICO 8 Score at TransUnion

s_haliz — Tue, 01 Sep 2015 23:40:56 GMT

OK Boss.....I am taking up the challenge......It may take sometime but I am committed to it.

Re: Achieved Perfect FICO 8 Score at TransUnion

s_haliz — Tue, 01 Sep 2015 23:43:53 GMT

No I don't have any installment loans (such as car loan, etc.)....I do however have a mortgage, But outstanding amonut is $65K and getting reduced every month.

Re: Achieved Perfect FICO 8 Score at TransUnion

Thomas_Thumb — Sun, 13 Sep 2015 22:49:13 GMT

@s_haliz wrote:
OK Boss.....I am taking up the challenge......It may take sometime but I am committed to it.

Best of luck!

Nice to see you are game for the challenge. I finally achieved a perfect Fico 8 Bankcard score of 900 at TransUnion in July 2015. It's tough but doable.

BTW where are you at currently?

Re: Achieved Perfect FICO 8 Score at TransUnion

Anonymous — Wed, 09 Sep 2015 22:31:33 GMT

Congratulations!! 🎉🎈🎊💥
I've never heard of anyone hitting it before 👍🏼

Re: Achieved Perfect FICO 8 Score at TransUnion

Anonymous — Wed, 09 Sep 2015 22:33:59 GMT

Actually, no borrowing is the way I ruined my credit, ironically.

Re: Achieved Perfect FICO 8 Score at TransUnion

ScarletFever — Wed, 09 Sep 2015 22:42:51 GMT

Huh?