topic Re: FICO scores 760 and above in General Credit Topics

FICO scores 760 and above

migliogiorni — Wed, 10 Oct 2012 01:49:53 GMT

For those with scores of 760 and above, how long did it take to reach this? AAOA I imagine 0 to 1 inq's

needed.

Re: FICO scores 760 and above

bobebob — Wed, 10 Oct 2012 07:30:59 GMT

13 years of history.

6 years AAOA.

2 inquiries currently.

@migliogiorni wrote:
For those with scores of 760 and above, how long did it take to reach this? AAOA I imagine 0 to 1 inq's
needed.

Re: FICO scores 760 and above

llecs — Wed, 10 Oct 2012 12:14:05 GMT

IIRC....

EQ FICO 777. No inquiries. 10 to 13 yrs in history (leaning towards 13). AAoA of 4 years. 6.5 yr old redeemed repo reporting with 2 30-day and 2 60-day lates. However, that had a dispute comment from all the GWing so it shouldn't have counted. No new credit in over a year at that point. Util at 1%.

Re: FICO scores 760 and above

HiLine — Sat, 15 Nov 2014 09:28:54 GMT

2.5 years with AAoA of 1.5 years.

Re: FICO scores 760 and above

oscar_actuary — Sat, 15 Nov 2014 21:32:58 GMT

Mine went below 760 after apping and getting 12 cards in 14 months (in two spurts) and refii-ing the home and car.

It went from 730s to 800 in 15 months after that.dip. It climbed pretty quickly back over 760-780 as the first wave of CC apps aged a year.

AAoA ~ 3.5

History: 20 yrs

Never ever late

Car loan currently owe under 50% (1.74%)

Mortgage refied, so no 2nd now, HARP 3.375%, 15 yr

8-12 CC accounts with balances, paid off each month

Available credit almost 2x income <--- that part makes me smh - but it is what it is. Cash Back is nice.

Re: FICO scores 760 and above

Anonymous — Sat, 15 Nov 2014 20:07:36 GMT

@migliogiorni wrote:
For those with scores of 760 and above, how long did it take to reach this? AAOA I imagine 0 to 1 inq's
needed.

As you can see the numbers are varied but here are some common numbers of FICO High Achievers. I got this information from my credit pull of 10/21.

* About 96% of FICO High Achievers have not missed payments at all. But of those who do, the missed payment happened nearly 4 years ago, on average. I have none.

* Utilization on average is less than 6%. Mine is consistently 1%.

* On average FICO High Achievers opened their oldest account 25 years ago. 26 years for me.

* Most FICO High Achievers have an AAoA of 11 years or more. Mine is nine years.

* FICO High Achievers have an average of 3 credit accounts carrying a balance. I usually have only three.

Re: FICO scores 760 and above

mongstradamus — Sat, 15 Nov 2014 20:37:22 GMT

For me i think the two most important things for an nice credt score is an pretty high AAOA around the 5+ years range, and having clean payment history with no baddies reporting at all.

Re: FICO scores 760 and above

Anonymous — Sat, 15 Nov 2014 21:03:31 GMT

6 months after I got my first card.

Re: FICO scores 760 and above

uswala — Sun, 16 Nov 2014 00:33:10 GMT

In real sense I am at 760+ stage only with TU and for me AAoA is about 1 year 2 months and my oldest account is about 2 year 9 months. I have always PIF. My utilizations have usually been below 5%. Also, never missed a payment.

Re: FICO scores 760 and above

Anonymous — Sun, 16 Nov 2014 01:25:31 GMT

Like another poster said, things very depending on the overall credit profile. I am just recovering from an app spree of 5 new CCs, 1 car re-fi and 1 new car loan, but I expect to recover fully within the next few months, and then some. So, I will put what I was back when I had 760+ scores and what I am now as I recover.

Because I like the format, I will use steal it...

* About 96% of FICO High Achievers have not missed payments at all. But of those who do, the missed payment happened nearly 4 years ago, on average. I have none, never have

* Utilization on average is less than 6%. Mine is just above 50% now (was above 80%, mostly due to a HELOC that my x-wife is paying for)

* On average FICO High Achievers opened their oldest account 25 years ago. 17 years ago for me

* Most FICO High Achievers have an AAoA of 11 years or more. Mine is 6 years (was 9 years)

* FICO High Achievers have an average of 3 credit accounts carrying a balance. I have 8 now (had only 3 before)

My credit history is very thick on installment loans, with a mortgage, past car loans and vacation property loans. I expect as I get my util down below 30% over the next 6 months, my score will raise into the 800s.

Re: FICO scores 760 and above

takeshi74 — Mon, 17 Nov 2014 13:39:13 GMT

@migliogiorni wrote:
For those with scores of 760 and above, how long did it take to reach this? AAOA I imagine 0 to 1 inq's
needed.

It took a very long time but I had a BK in there. Inquiries aren't as big of a deal when you have built up your credit.

It's not just time. Payment history is 100%. Utilization is ~12%. Oldest account is 16 years old. Not sure on AAoA but it should be over 6 years. Most of my cards have balances reporting (maybe 2 out 10 do not). I do have student loans with very low balances and two auto loans. No current mortgage.

Re: FICO scores 760 and above

Stylez — Wed, 19 Nov 2014 21:10:39 GMT

I have 6 accounts with a derogatory history, one collection, and a judgement. However, my collection is $45 is paid, and is from almost 4 years ago, and my judgement was from a car accident, is satisfied and is two years old. I haven't had a late payment in over 3.5 years, my utilization is 8%, my credit history goes back 14 years, 7 year AA0A, and no inquiries. My score that I pulled here is 774. Last year my score on here was 679. I think the key is to have all of your accounts be current, have little or no inquiries, a low utilization, and your latest derogatory item(if you have any) should be at least 2 years old.

Re: FICO scores 760 and above

Anonymous — Wed, 19 Nov 2014 21:21:32 GMT

EQ 800 EX 800 & TU 810 FICO. 1-3 inquiries over two years.13 years in history. AAoA of 5 years. One new card in last six months. Utilization at 4% (best scores come at 1% for my credit file).

Re: FICO scores 760 and above

wmweeza — Thu, 20 Nov 2014 07:06:22 GMT

@Anonymous wrote:
@migliogiorni wrote:
For those with scores of 760 and above, how long did it take to reach this? AAOA I imagine 0 to 1 inq's
needed.
As you can see the numbers are varied but here are some common numbers of FICO High Achievers. I got this information from my credit pull of 10/21.

* About 96% of FICO High Achievers have not missed payments at all. But of those who do, the missed payment happened nearly 4 years ago, on average. I have none.

* Utilization on average is less than 6%. Mine is consistently 1%.

* On average FICO High Achievers opened their oldest account 25 years ago. 26 years for me.

* Most FICO High Achievers have an AAoA of 11 years or more. Mine is nine years.

* FICO High Achievers have an average of 3 credit accounts carrying a balance. I usually have only three.

I must be some freaky fico anomaly. My AAoA is 1yr 3 months, I screwed up my credit and about 10 years ago (maybe a bit more) we set about fixing it, my score was right around 600 then. We paid every debt from my youth off and then I just ignored my credit. I opened a bank account and debit card but didn't add a credit card until 2011. My oldest account is 3 years 3 months...yet go figure, I have fabulous scores?

I have a balance of maybe $30 on one card currently and $20 on another, but I really don't track my statement dates and just pay everything early. I guess I'm doing something FICO likes for my score to be higher then many people with 20 year histories. BTW I got my first card when I was 19, that was closed about 3 years after I got it as were others, I was terribly irresponsible in my youth, but now that I'm in my 40's, I PIF and haven't had even one late payment, not on my cards or my personal bills.

Re: FICO scores 760 and above

aav — Fri, 21 Nov 2014 14:13:33 GMT

* No missed payments In 8 years

* 6% Utilization and dropping

* 16 years for oldest account

* 6 years AAoA

* 3-4 credit accounts carrying a balance.

We closed all credit cards about 8 years ago and only in the last 2 years jumped back in. That and paying installment loans (student/personal loan) made scores jumped.

Re: FICO scores 760 and above

Anonymous — Sat, 22 Nov 2014 05:25:43 GMT

757 FICO from Discover, took 18 months. 8 inquiries, true AAOA 14 months, CK dislaying 3 yrs 1 mo because of AU account.

Re: FICO scores 760 and above

HiLine — Sat, 22 Nov 2014 07:11:50 GMT

@wmweeza wrote:
@Anonymous wrote:
@migliogiorni wrote:
For those with scores of 760 and above, how long did it take to reach this? AAOA I imagine 0 to 1 inq's
needed.
As you can see the numbers are varied but here are some common numbers of FICO High Achievers. I got this information from my credit pull of 10/21.

* About 96% of FICO High Achievers have not missed payments at all. But of those who do, the missed payment happened nearly 4 years ago, on average. I have none.

* Utilization on average is less than 6%. Mine is consistently 1%.

* On average FICO High Achievers opened their oldest account 25 years ago. 26 years for me.

* Most FICO High Achievers have an AAoA of 11 years or more. Mine is nine years.

* FICO High Achievers have an average of 3 credit accounts carrying a balance. I usually have only three.
I must be some freaky fico anomaly. My AAoA is 1yr 3 months, I screwed up my credit and about 10 years ago (maybe a bit more) we set about fixing it, my score was right around 600 then. We paid every debt from my youth off and then I just ignored my credit. I opened a bank account and debit card but didn't add a credit card until 2011. My oldest account is 3 years 3 months...yet go figure, I have fabulous scores?
I have a balance of maybe $30 on one card currently and $20 on another, but I really don't track my statement dates and just pay everything early. I guess I'm doing something FICO likes for my score to be higher then many people with 20 year histories. BTW I got my first card when I was 19, that was closed about 3 years after I got it as were others, I was terribly irresponsible in my youth, but now that I'm in my 40's, I PIF and haven't had even one late payment, not on my cards or my personal bills.

Are you sure you don't have one of your older credit accounts still reporting?

Re: FICO scores 760 and above

Anonymous — Sat, 22 Nov 2014 11:45:38 GMT

760 scores are not very hard to attain with clean reports in fico 08.
I have 2 760+ and 1 800+.
AAoA 2 years.
Oldest 8 years.
7 inquiries on EQ.
Utilization 1%
Inquiries do not play nearly as big of a part as people think.

Clean payment history and low utilization will net you big points. Then AAoA. If you're looking for max score focus should be here first.

Re: FICO scores 760 and above

Anonymous — Sat, 22 Nov 2014 14:49:29 GMT

Terrible credit in my 20's, couldn't even get a store card anywhere, avoid anything credit related for about 10 years and become hyper-phobic of paying anything late. Now in my 30's. 11 months after gotten my first secured CC and I check my credit for the first time to see how bad it is. It was 755. I apped for AMEX BCP and Discover on the spot and insta approved. My scores dipped about 50 points when the two new cards started reporting, now they are climbing again. But I'm plannin an app mini spree at the end of the month so in two years AAoA with be higher and inquires will fall off when I buy a house, I may initially dipp below 700 for a little while, but I'm ok with that. It's all for the end goal.

Re: FICO scores 760 and above

Anonymous — Sat, 22 Nov 2014 14:58:53 GMT

@Anonymous wrote:
Terrible credit in my 20's, couldn't even get a store card anywhere, avoid anything credit related for about 10 years and become hyper-phobic of paying anything late. Now in my 30's. 11 months after gotten my first secured CC and I check my credit for the first time to see how bad it is. It was 755. I apped for AMEX BCP and Discover on the spot and insta approved. My scores dipped about 50 points when the two new cards started reporting, now they are climbing again. But I'm plannin an app mini spree at the end of the month so in two years AAoA with be higher and inquires will fall off when I buy a house, I may initially dipp below 700 for a little while, but I'm ok with that. It's all for the end goal.

Very true.