How Long to Reach the 800 Club?

[tpatterson2k9]

My ultimate goal with my credit score is to reach the 800 club, preferably through all three bureaus, so I am wondering just how long this takes.  Currently, my EQ score is 768 (don't know TU or EX), whiched I checked using this site on 4/4/11.  The last time I had seen my scores prior to this was about nine months ago through a lender pull (EQ was 758 back then).  I have never been late on any payments, and I PIF on each card I have keeping balances at $0 except for one CC, which I keep within the 1-9% util range.  My credit history spans 6 years and my AAoA is 3 years 3 months.

I imagine that the one factor weighing down my credit score is my length of history and AAoA; however, does this really impact scores enough for me to still be 32 points away from 800?  My credit mix is a little lacking as well as I have mostly CCs (4 of them) and a SL opened in August 2010.  The only inquiry I have had in the past year is for an Amex Blue card that I was just approved for last week.  Though I only have four CCs, my CR lists my CU card three times (two of which are duplicates) and there is also a Dell Financial Services charge card listed as opened even though I closed my account with them several years ago (not disputing this because it is in good standing).  Because of the duplications, is the number of accounts I have open hurting my score?

[JoeBJay20]

Once you have clean reports (no baddies), the only thing that can increase your scores is time. You already appear to have a good mix of credit. Your scores are already excellent, and from a credit standpoint, there is no difference between a score of 768 and one of 800. Still, there's nothing wrong with aiming for 800, but there are just no tricks you can use to get there. You just have to be patient and continue to take care of your credit. It would be close to impossible to predict how long it would take.

[happy0510]

Have you simulated?

I simulated best action with a 680 and my score says 800-820 in 24 months, so I assume you will hit within 6-12 months easy!

Assuming no changes of course.

[tpatterson2k9]

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@happy0510 wrote:

Have you simulated?

I simulated best action with a 680 and my score says 800-820 in 24 months, so I assume you will hit within 6-12 months easy!

Assuming no changes of course.

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I have not simulated.  Are there any good simulators out there that are free?  Despite my conscientiousness about my credit, the one thing I refuse to do is pay to have it monitored for me (call me frugal).

[happy0510]

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@tpatterson2k9 wrote:

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@happy0510 wrote:

Have you simulated?

I simulated best action with a 680 and my score says 800-820 in 24 months, so I assume you will hit within 6-12 months easy!

Assuming no changes of course.

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I have not simulated.  Are there any good simulators out there that are free?  Despite my conscientiousness about my credit, the one thing I refuse to do is pay to have it monitored for me (call me frugal).

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You pulled your report from this site on 4/4/11 correct? You should still be able to access it!! Upper right corner.  Have fun and let us know what it says

[DI]

I'm currently in the mid to upper 700s.  I doubt to ever get to 800s without a mortgage being listed in my reports. 

[Lel]

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@DI wrote:

I'm currently in the mid to upper 700s.  I doubt to ever get to 800s without a mortgage being listed in my reports. 

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Before we bought our house, my wife had scores in the low 800s.  All she had on her credit report at the time was a handful of credit cards and a single paid off auto loan.  No other kinds of credit (no student loans, lines of credit, etc).  YMMV, of course, but a mortgage is not necessary to cross that 800 threshold.  As your current accounts age, you might just get there!

[DI]

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@Lel wrote:

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@DI wrote:

I'm currently in the mid to upper 700s.  I doubt to ever get to 800s without a mortgage being listed in my reports. 

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Before we bought our house, my wife had scores in the low 800s.  All she had on her credit report at the time was a handful of credit cards and a single paid off auto loan.  No other kinds of credit (no student loans, lines of credit, etc).  YMMV, of course, but a mortgage is not necessary to cross that 800 threshold.  As your current accounts age, you might just get there!

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That's good to know.  I want to see lenders fall all over themselve when I apply for a mortgage and they see my 800s scores. 

[Anonymous]

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@Lel wrote:

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@DI wrote:

I'm currently in the mid to upper 700s.  I doubt to ever get to 800s without a mortgage being listed in my reports. 

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Before we bought our house, my wife had scores in the low 800s.  All she had on her credit report at the time was a handful of credit cards and a single paid off auto loan.  No other kinds of credit (no student loans, lines of credit, etc).  YMMV, of course, but a mortgage is not necessary to cross that 800 threshold.  As your current accounts age, you might just get there!

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DH was also in the low 800's with no open mortgage reporting.  Nice to know 800's are available without one.

[fused]

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@DI wrote:

I'm currently in the mid to upper 700s.  I doubt to ever get to 800s without a mortgage being listed in my reports. 

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I'll echo what Lel wrote. I'm in the 800+ club and I've never had a mortgage. My wife is also in the 800+ club and she's never had a mortgage. Having a mortgage is not a prerequisite to being in the 800 club.