@DIYcredit wrote:Hi,
Does anyone have evidence of an 800 Fico Score w/ credit cards only after derogatories fell off credit report? What I am most interested in is how long did it take? If my fellow Forum contributers could supply this information it is greatly appreciated.
Thanks,
DIYcredit
Are you asking whether an 800 can be achieved with just credit cards, or whether it can be achieved with credit cards and any sort of derogatory or deliquency?
I don't think there's evidence for the second (which I think you are asking), but the highest ever reported here was something like 785 on FICO 8 with a blemish (was a 90 day late IIRC) on the report and that was a serious outlier for us.
@DIYcredit wrote:If it can be achieved with credit cards only after you went from a dirty scorecard with derogatories, then they were deleated or removed from credit report and you went to a clean scorecard with no derogatories present.
We've never seen a dirty FICO 8 report get past ~785. Not saying it's impossible, but it's pretty darned unlikely. FICO 04/98 was flatly impossible in my opinion.
On the flipside my Equifax FICO 9 which is nobody's idea of a pretty report is a 780 as of right now apparently. I have no understanding of that honestly but it's there and I'm still more than 2 years out from getting clean and would gain another 2 years on my AAOA before then. Might be possible, but I also have a mixed tradeline file, though my installment utilization right now is seriously ugly. If that were cleaner and I had better aged report, hard to say. Tax lien is still on there and AFAIK that still counts under FICO 9 even if the paid collection is excluded.
@Revelate wrote:
@DIYcredit wrote:If it can be achieved with credit cards only after you went from a dirty scorecard with derogatories, then they were deleated or removed from credit report and you went to a clean scorecard with no derogatories present.
We've never seen a dirty FICO 8 report get past ~785. Not saying it's impossible, but it's pretty darned unlikely. FICO 04/98 was flatly impossible in my opinion.
On the flipside my Equifax FICO 9 which is nobody's idea of a pretty report is a 780 as of right now apparently. I have no understanding of that honestly but it's there and I'm still more than 2 years out from getting clean and would gain another 2 years on my AAOA before then. Might be possible, but I also have a mixed tradeline file, though my installment utilization right now is seriously ugly. If that were cleaner and I had better aged report, hard to say. Tax lien is still on there and AFAIK that still counts under FICO 9 even if the paid collection is excluded.
My transunion managed 786 with a single 1 30 day late from 2012. So not all derogatories gone but I managed to worm my way across the 785 threshold. lol
I'd also like to add I have never had an installment loan. So I don't know how I've managed to get so close to 800.
@Anonymous wrote:
@DIYcredit wrote:Hi,
Does anyone have evidence of an 800 Fico Score w/ credit cards only after derogatories deleted or removed from credit report? What I am most interested in is how long did it take? If my fellow Forum contributers could supply this information it is greatly appreciated.
Thanks,
DIYcredit
You mean how long did it take from when the derogatories were removed? If they are removed, it's as if they were never on there. So how long it's been since they were removed is irrelevant. It's not like you need time to recover from your now-deleted derogatories. It's entirely possible that if your report otherwise supported an 800 score, that you would see that score the moment the derogatories were removed.
To your question about an 800 score with only credit cards, I once had a TransUnion FICO 8 of 798 with only credit cards and an old mortgage that was closed in good standing seven years ago. And at that time my average age of accounts for the credit cards was less than three years. I don't know how many points I was getting from that old mortgage, but it would seem that with a good payment history and no derogs, a FICO 8 score of 800 is possible with only credit cards.
Reached 800 on TU, less than two years AAoA, but did do the reindeer game installment loan. I initially did loan because can not drive, and was going to be renter forever. Changed my mind, and am now going through harrowing mortgage process (my USDA LO knows nothing, okay maybe something 
.
Credit cards only, seen anecdotal reports of eight years to get there. PS, my EQ went up 45 pts to 781 the same day. 3b must not be keeping its promises with EX, or EX is poo poo ing some of the methodology.
If goal no loans and 800, takes a bit, but you are pretty much in with 780+. If goal fast 800, get a shared secured loan, and play Fico reindeer games. Your choice.
@Imperfectfuture wrote:
@Anonymous wrote:
@DIYcredit wrote:Hi,
Does anyone have evidence of an 800 Fico Score w/ credit cards only after derogatories deleted or removed from credit report? What I am most interested in is how long did it take? If my fellow Forum contributers could supply this information it is greatly appreciated.
Thanks,
DIYcredit
You mean how long did it take from when the derogatories were removed? If they are removed, it's as if they were never on there. So how long it's been since they were removed is irrelevant. It's not like you need time to recover from your now-deleted derogatories. It's entirely possible that if your report otherwise supported an 800 score, that you would see that score the moment the derogatories were removed.
To your question about an 800 score with only credit cards, I once had a TransUnion FICO 8 of 798 with only credit cards and an old mortgage that was closed in good standing seven years ago. And at that time my average age of accounts for the credit cards was less than three years. I don't know how many points I was getting from that old mortgage, but it would seem that with a good payment history and no derogs, a FICO 8 score of 800 is possible with only credit cards.
Reached 800 on TU, less than two years AAoA, but did do the reindeer game installment loan. I initially did loan because can not drive, and was going to be renter forever. Changed my mind, and am now going through harrowing mortgage process (my USDA LO knows nothing, okay maybe something
Credit cards only, seen anecdotal reports of eight years to get there. PS, my EQ went up 45 pts to 781 the same day. 3b must not be keeping its promises with EX, or EX is poo poo ing some of the methodology.
If goal no loans and 800, takes a bit, but you are pretty much in with 780+. If goal fast 800, get a shared secured loan, and play Fico reindeer games. Your choice.
Yeah and then you go out and do something worthwhile like get a mortgage, and the reindeer fall through the ice. =/
I'll be interested to see your datapoint post-mortgage reporting but I lost all the points I gained from the installment loan tricks. Looks like I am going to be stuck sub 800 for a while yet even after I get clean at the end of 2017; nice to see that you got to 800 around 2 years or less AAOA, what was your oldest account if I might ask?
Not sure on 3B reporting quite yet, I get lots of updates but not for installment loan tracking unless it's a new account.
