topic Re: 850 Fico under age 40????? in General Credit Topics

850 Fico under age 40?????

Anonymous — Sat, 21 Mar 2015 18:53:51 GMT

So i'm new here and I thought I had pretty good credit ( mid 740's fico on all 3 EX,TU,EQ ). Just for the fun of it I had my grandfather check his fico scores and **bleep** 840's on all 3 . I know he has purchased a home and many cars over the years and his oldest credit account is like 20 years lol ( reminds me of the old flintstones movie when they shattered barneys wife's rock card ). So my question is does anyone under 40 years of age have a score in the 840-850 without buying a home?? This is just for my own interest, I kind of feel like my credit scores suck after seeing his lol and since im new I want to say a BIG HI to everyone.

Re: 850 Fico under age 40?????

Shogun — Sat, 21 Mar 2015 18:55:36 GMT

Hello and welcome to the forums.

Looks like he's done his credit right. Now just follow his example! lol... good luck!

Re: 850 Fico under age 40?????

MarineVietVet — Sat, 21 Mar 2015 22:52:52 GMT

@Anonymous wrote:
So i'm new here and I thought I had pretty good credit ( mid 740's fico on all 3 EX,TU,EQ ). Just for the fun of it I had my grandfather check his fico scores and **bleep** 840's on all 3 . I know he has purchased a home and many cars over the years and his oldest credit account is like 20 years lol ( reminds me of the old flintstones movie when they shattered barneys wife's rock card ). So my question is does anyone under 40 years of age have a score in the 840-850 without buying a home?? This is just for my own interest, I kind of feel like my credit scores suck after seeing his lol and since im new I want to say a BIG HI to everyone.

Hello and welcome to myFICO.

You're doing just fine and almost to the "FICO High Achiever" status (760+).

And yes you can get to the upper atmosphere of scoring without a mortgage.

Re: 850 Fico under age 40?????

Anonymous — Sun, 22 Mar 2015 00:02:34 GMT

@Anonymous wrote:
So i'm new here and I thought I had pretty good credit ( mid 740's fico on all 3 EX,TU,EQ ). Just for the fun of it I had my grandfather check his fico scores and **bleep** 840's on all 3 . I know he has purchased a home and many cars over the years and his oldest credit account is like 20 years lol ( reminds me of the old flintstones movie when they shattered barneys wife's rock card ). So my question is does anyone under 40 years of age have a score in the 840-850 without buying a home?? This is just for my own interest, I kind of feel like my credit scores suck after seeing his lol and since im new I want to say a BIG HI to everyone.

now that is someone i would be asking (no begging) to add me as AU's

Re: 850 Fico under age 40?????

pizza1 — Sun, 22 Mar 2015 00:48:02 GMT

@MarineVietVet wrote:
@Anonymous wrote:
So i'm new here and I thought I had pretty good credit ( mid 740's fico on all 3 EX,TU,EQ ). Just for the fun of it I had my grandfather check his fico scores and **bleep** 840's on all 3 . I know he has purchased a home and many cars over the years and his oldest credit account is like 20 years lol ( reminds me of the old flintstones movie when they shattered barneys wife's rock card ). So my question is does anyone under 40 years of age have a score in the 840-850 without buying a home?? This is just for my own interest, I kind of feel like my credit scores suck after seeing his lol and since im new I want to say a BIG HI to everyone.
Hello and welcome to myFICO.

You're doing just fine and almost to the "FICO High Achiever" status (760+).

And yes you can get to the upper atmosphere of scoring without a mortgage.

Marine...Those sure are some sexy scores,

Re: 850 Fico under age 40?????

MarineVietVet — Sun, 22 Mar 2015 05:33:25 GMT

@pizza1 wrote:

Marine...Those sure are some sexy scores,

Thanks. I pulled those in October here out of curiosity. I hadn't pulled a FICO score in several years and I wanted to know how my quest for "score nirvana" was going.

I figured I was getting close but was admittedly shocked to see all at 850. I doubt if they are all at that level still because we all know how scores can fluctuate from month to month.

But that's ok. I know that at one point in my life I was at the top and as long as I don't mess things up they should stay pretty high.

Re: 850 Fico under age 40?????

tonyjones — Sun, 22 Mar 2015 23:10:58 GMT

@MarineVietVet wrote:
@pizza1 wrote:

Marine...Those sure are some sexy scores,
Thanks. I pulled those in October here out of curiosity. I hadn't pulled a FICO score in several years and I wanted to know how my quest for "score nirvana" was going.

I figured I was getting close but was admittedly shocked to see all at 850. I doubt if they are all at that level still because we all know how scores can fluctuate from month to month.

But that's ok. I know that at one point in my life I was at the top and as long as I don't mess things up they should stay pretty high.

How old are you if you don't mind me asking?

Re: 850 Fico under age 40?????

Anonymous — Mon, 23 Mar 2015 00:18:26 GMT

^
Hmm I would say at the very min 58 but prob more... the name gives it away. Or not.

Re: 850 Fico under age 40?????

MarineVietVet — Mon, 23 Mar 2015 00:50:09 GMT

I will be 64 in May.

Some here know but others don't that I filed for BK in 1993 and even then I was very ignorant (not stupid just uneducated) on proper credit management.

The one thing I did realize however is that I could never be late on any payment ever again and as far as I recall I haven't been.

That's the best thing I or anyone else can do for themselves. Never be late and everything else will fall in line.

Re: 850 Fico under age 40?????

tonyjones — Mon, 23 Mar 2015 02:56:53 GMT

@MarineVietVet wrote:
I will be 64 in May.

Some here know but others don't that I filed for BK in 1993 and even then I was very ignorant (not stupid just uneducated) on proper credit management.

The one thing I did realize however is that I could never be late on any payment ever again and as far as I recall I haven't been.

That's the best thing I or anyone else can do for themselves. Never be late and everything else will fall in line.

Amen, I was reckless in 2003 also. Never again will I be late and never again will I rack up debt > what I'm capable of paying.

Re: 850 Fico under age 40?????

takeshi74 — Mon, 23 Mar 2015 13:01:48 GMT

@Anonymous wrote:
I kind of feel like my credit scores suck after seeing his

If you try to keep up with the Joneses then you'll run into disappointment. Someone always has a better score, more money, a nicer house, a fancier car, etc etc.

Focus on your credit versus comparing it to others. If your scores are in the mid 700's then you have good scores. Best terms are generally offered around 740-760.

Re: 850 Fico under age 40?????

Anonymous — Mon, 23 Mar 2015 17:35:03 GMT

Bank of America Privacy Assist service describes one of the negative factors on my credit to be "account held less than 30 years". If that's the case, then unless you were 10 when you got your first card, you'll have to wait until that factor disappears!

Re: 850 Fico under age 40?????

JagerBombs89 — Tue, 24 Mar 2015 10:45:18 GMT

@Anonymous wrote:
So i'm new here and I thought I had pretty good credit ( mid 740's fico on all 3 EX,TU,EQ ). Just for the fun of it I had my grandfather check his fico scores and **bleep** 840's on all 3 . I know he has purchased a home and many cars over the years and his oldest credit account is like 20 years lol ( reminds me of the old flintstones movie when they shattered barneys wife's rock card ). So my question is does anyone under 40 years of age have a score in the 840-850 without buying a home?? This is just for my own interest, I kind of feel like my credit scores suck after seeing his lol and since im new I want to say a BIG HI to everyone.

Before my situation, I had 810 EX08 and 829 TU08 scores... and I am only in my mid-20s

Re: 850 Fico under age 40?????

Ubuntu — Wed, 08 Apr 2015 07:45:17 GMT

@Anonymous wrote:
So my question is does anyone under 40 years of age have a score in the 840-850 without buying a home??

I'm 44 and I just got my first 850 FICO 8 from EQ on Sunday. I've assumed I get there at some point in the not too distant future but it was still a very pleasant surprise because nothing obvious had changed except for small variations in UTI and a . I'm at 849 on EX and 839 on TU. My TU was 848 back in October but an INQ from a fraudulent loan app dinged me a bit.

My oldest account is from 1994 but I had two accounts 6 years earlier in 1988. If I had kept those open I'm guessing that I could've hit 850 when I was 38 but that's just a guess.

No one knows for sure but my hunch is that you need an account around 20 years old and/or an AAoA of around 10 to 12 to get on the top scorecard / bucket and be eligible for an 850. You'd obviously also need to have all the other factors in line (perfect payment history, low UTI, etc.). It may be possible to get an 850 on more than one of the scorecards but it would seem logical that 850 is only possible on the top one. Again all guesswork.

To sort of answer your question quoted above, I don't have a mortgage in my file or any installment loans that are still on file either so those aren't require to hit the top of the chart at least on EQ.

Re: 850 Fico under age 40?????

Anonymous — Wed, 08 Apr 2015 12:25:46 GMT

Obviously, I'm not sure what measures MarineVietVet took to get there, but it only took him 20 years to get from bankruptcy to a perfect score. That implies that you could do it before 40 if you started when you were 18. You could probalby get around the mortgage requirement by taking out a car loan or some other installment loan, and increasing your types of credit that way.

Re: 850 Fico under age 40?????

iv — Thu, 09 Apr 2015 02:28:04 GMT

@Ubuntu wrote:
My oldest account is from 1994 but I had two accounts 6 years earlier in 1988. If I had kept those open I'm guessing that I could've hit 850 when I was 38 but that's just a guess.

No one knows for sure but my hunch is that you need an account around 20 years old and/or an AAoA of around 10 to 12 to get on the top scorecard / bucket and be eligible for an 850. You'd obviously also need to have all the other factors in line (perfect payment history, low UTI, etc.). It may be possible to get an 850 on more than one of the scorecards but it would seem logical that 850 is only possible on the top one. Again all guesswork.

To sort of answer your question quoted above, I don't have a mortgage in my file or any installment loans that are still on file either so those aren't require to hit the top of the chart at least on EQ.

I first saw 850 (on FICO 8, of course, not 04 and 98) at 36. Oldest open account was 18 years, and AAoA was just over 8 years, so your hunch is in the right ballpark, just a little bit high.

Might also be affected by credit mix - I've tended to be heavier on the mortgage loans, and lighter on the credit cards than most around here. (Currently 5 open+closed mortgage loans reporting, vs 4 cards and 2 auto loans.)

Re: 850 Fico under age 40?????

Ubuntu — Thu, 09 Apr 2015 06:49:42 GMT

@iv wrote:
@Ubuntu wrote:
No one knows for sure but my hunch is that you need an account around 20 years old and/or an AAoA of around 10 to 12 to get on the top scorecard / bucket and be eligible for an 850. You'd obviously also need to have all the other factors in line (perfect payment history, low UTI, etc.). It may be possible to get an 850 on more than one of the scorecards but it would seem logical that 850 is only possible on the top one. Again all guesswork.

I first saw 850 (on FICO 8, of course, not 04 and 98) at 36. Oldest open account was 18 years, and AAoA was just over 8 years, so your hunch is in the right ballpark, just a little bit high.

Might also be affected by credit mix - I've tended to be heavier on the mortgage loans, and lighter on the credit cards than most around here. (Currently 5 open+closed mortgage loans reporting, vs 4 cards and 2 auto loans.)

Thanks for the feedback. That's what I love most about this forum... little bits and pieces of the puzzle constantly being shared to make the murky FICO waters a little clearer.

Re: 850 Fico under age 40?????

skorpyo3 — Sun, 03 May 2015 17:40:33 GMT

@MarineVietVet, We were the same age when we filed BK. Now I'm hoping that with age I gain more patience. Whether it's ourselves or credit, all signs indicate that amazing things do happen in due time. 😊

Re: 850 Fico under age 40?????

Anonymous — Sun, 18 Dec 2016 00:32:13 GMT

I'm 37 and have a 859 on fico 8

Re: 850 Fico under age 40?????

Anonymous — Sun, 18 Dec 2016 00:32:26 GMT

Typo 850