topic Re: Has anyone new hit 840 lately? in General Credit Topics

Has anyone new hit 840 lately?

Anonymous — Thu, 10 Jul 2008 20:36:54 GMT

Re: Has anyone new hit 840 lately?

Anonymous — Thu, 10 Jul 2008 23:27:48 GMT

I hear crickets...

Re: Has anyone new hit 840 lately?

Anonymous — Thu, 10 Jul 2008 23:32:05 GMT

We have had 1 person hit 840 on here already. It does happen.

Re: Has anyone new hit 840 lately?

marty56 — Thu, 10 Jul 2008 23:36:53 GMT

You know someone is going to post an 840 FAKO score as a response to this message.

Re: Has anyone new hit 840 lately?

Anonymous — Fri, 11 Jul 2008 00:14:41 GMT

Carrot1 wrote:
I hear crickets...

How ironic. This is the second time today someone has made a reference to "hearing crickets".

Please tell me what that means.

Oh, and nope. No 840's here.

Re: Has anyone new hit 840 lately?

llecs — Fri, 11 Jul 2008 00:49:07 GMT

My FIASCO score hit 840. What is a FIASCO score you may ask? It is a made up score to make me feel better for not having an 840 FICO score.

FIASCOs for everyone!!!

Of all the reading since last August, I only have seen two people post (not here, I don't think) with an 840 score. Both had a looooonnnng history. One had only like $700 or so in total CL and she was happy with that. The other had a zillion in CLs with every card over $20k in CLs and all at or near $0. He did have a Target card that finally increased from $200 to $500. Woohooo.

Re: Has anyone new hit 840 lately?

Anonymous — Fri, 11 Jul 2008 00:52:08 GMT

Crickets refers to it being so quiet after a difficult, telling question is asked that one can hear crickets. Another way of saying it's so quiet you could hear a pin drop or such.

Re: Has anyone new hit 840 lately?

Anonymous — Fri, 11 Jul 2008 11:18:26 GMT

Thanks almost_there. Now I won't have to badger everyone at work today to find out. It was driving me crazy.

Re: Has anyone new hit 840 lately?

Anonymous — Fri, 11 Jul 2008 16:57:03 GMT

I would love to hit 840, but I don't think I'm old enough. I'm shooting for 800, which should be attainable in the near future.

Re: Has anyone new hit 840 lately?

Anonymous — Fri, 11 Jul 2008 17:52:14 GMT

I doubt anyone that hits 830 or higher can sustain that level unless they keep their UTL below 5% AT ALL TIMES. I do this pretty well most of the time, except during vacation time when the bills get up there.

Of course, just pay down the cc's and the scores go right back up.

A refresher on how to get to 800+:

--No baddies, NONE at all

--NO public records

--19+ years oldest TL (older the better)

--12+ avg. age of TL's

--at least 1 open mtg/Heloc TL, at least 1 open auto/student loan TL, at least open 2 revolving TL's

--NO inquiries in last 12 months

--NO new accounts in past 12-24 months

--Less than 5% UTIL in total and on each revolving TL

--Less than 50% owed on all installment TL's

--Less than 50% of open accounts with balances

--NO Consumer Finance accounts

Did I miss anything?

Re: Has anyone new hit 840 lately?

Anonymous — Fri, 11 Jul 2008 18:06:18 GMT

@Anonymous wrote:
A refresher on how to get to 800+:
--No baddies, NONE at all
--NO public records
--19+ years oldest TL (older the better)
--12+ avg. age of TL's
--at least 1 open mtg/Heloc TL, at least 1 open auto/student loan TL, at least open 2 revolving TL's
--NO inquiries in last 12 months
--NO new accounts in past 12-24 months
--Less than 5% UTIL in total and on each revolving TL
--Less than 50% owed on all installment TL's
--Less than 50% of open accounts with balances
--NO Consumer Finance accounts
Did I miss anything?

You can do it with much less.
--10+ years oldest TL (older the better)
--5+ avg. age of TL's
--at least 3 open revolving TL's
--NO inquiries in last 12 months
--NO new accounts in past 2 months
-- But you must have at lest 1 long closed or open installment.
-- But you must have enough history with CCs or closed CC tradelines with history but not many just a few more.
-- Perfect UTL sweet spot.
-- Maybe even possible with less than 10 years for oldest tradeline.

Message Edited by ilovepizza on 07-11-2008 02:06 PM

Re: Has anyone new hit 840 lately?

fused — Fri, 11 Jul 2008 18:07:53 GMT

marty56 wrote:

You know someone is going to post an 840 FAKO score as a response to this message.

Ha, darn right you are! My CreditKarma TU score is 895.

Re: Has anyone new hit 840 lately?

Anonymous — Mon, 19 Jan 2009 10:22:07 GMT

I did!

Re: Has anyone new hit 840 lately?

hifiko — Mon, 19 Jan 2009 16:40:03 GMT

Only hope to reach 840 in my dreams. Still "suffering" with "anemic" scores of 809@TU, 814@Exp and 817@Eq.

However, on the bright side the house is paid for, the new Acura TL is running great and my grandkids love me. Also, might mention the weather here in southern CA has been superb with average daytime temps in the high 70's. Must admit, though, the evenings are kind of cool as it gets down to 45 to 50 degrees. Life is good!

Re: Has anyone new hit 840 lately?

MattH — Tue, 20 Jan 2009 03:28:48 GMT

@Anonymous wrote:
I doubt anyone that hits 830 or higher can sustain that level unless they keep their UTL below 5% AT ALL TIMES. I do this pretty well most of the time, except during vacation time when the bills get up there.

Of course, just pay down the cc's and the scores go right back up.

A refresher on how to get to 800+:

--No baddies, NONE at all
--NO public records
--19+ years oldest TL (older the better)
--12+ avg. age of TL's
--at least 1 open mtg/Heloc TL, at least 1 open auto/student loan TL, at least open 2 revolving TL's
--NO inquiries in last 12 months
--NO new accounts in past 12-24 months
--Less than 5% UTIL in total and on each revolving TL
--Less than 50% owed on all installment TL's
--Less than 50% of open accounts with balances
--NO Consumer Finance accounts

Did I miss anything?

I've got one CFL, CitiFinancial from when the A/C compressor conked out shortly after we bought this condo. We'd put most of our available cash into downpayment and furniture so had to finance the A/C. Around the same time I got my present car (a 2000 Camry, still runs great so maybe I'll replace it in 2010). Both A/C and car now paid off. So enough positives can outweigh one CFL. My EX is consistently above 800, the other two bounce around from upper 700s to low 800s depending on credit card utilization; since my wife and I have much more in the bank than we ever put on our credit cards I can get all three above 800 any time I want to by paying just before bill dates instead of after the bills appear.

Re: Has anyone new hit 840 lately?

MattH — Tue, 20 Jan 2009 03:35:09 GMT

@hifiko wrote:
Only hope to reach 840 in my dreams. Still "suffering" with "anemic" scores of 809@TU, 814@Exp and 817@Eq.
However, on the bright side the house is paid for, the new Acura TL is running great and my grandkids love me. Also, might mention the weather here in southern CA has been superb with average daytime temps in the high 70's. Must admit, though, the evenings are kind of cool as it gets down to 45 to 50 degrees. Life is good!

As I am sure you know, your scores are high enough that you already qualify for "prime" or "tier one" for all lenders. With most lenders their cutoff for their best terms is somewhere between 720 and 760, the highest cutoff I've heard of is 780, so anything higher than your current scores would have no practical importance.

Re: Has anyone new hit 840 lately?

Anonymous — Thu, 29 Jan 2009 01:03:48 GMT

@Anonymous wrote:
I did!

There ya go!