Credit Bureau Score

[TrapLine]

In the past I sat at Fico 08 and 850 for five years.

Stepped out of the safe haven and took on debt, added cards and sold real estate. Scores have been as low as Fico 08 784 and as of today I finally returned to Fico 08 837.

After several years of being treated like a dog, banned to the cellar, now see day light.

Awesome feeling.

[Vinjints]

Some people would be thrilled to live life in the dark as a cellar dwelling canine with a 780 score. But good job on getting the scores back up to where you want them. I'd be very surprised if you got any sort of less than optimal credit terms even with the temporary drops.

[Thomas_Thumb]

I prefer being a debt free dog. The 850 club kicked me to the curb when my last installment loan was paid off. However, I still am able to bask in Fico 830s/840s sunlight.

Trying to avoid the damp, dark cellar so no new credit for me.

[TrapLine]

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@Thomas_Thumb wrote:

I prefer being a debt free dog. The 850 club kicked me to the curb when my last installment loan was paid off. However, I still am able to bask in Fico 830s/840s sunlight.

Trying to avoid the damp, dark cellar so no new credit for me.

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Glad you posted as I am debt free and have kept a small vehicle loan ($6K) but could pay it off. Now that you have set out your findings my score fits in the range you mentioned. Do not want more debt to establish Fico 08 850 again. No real need. Interesting and I suspect not surprising.

[Kforce]

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@Thomas_Thumb wrote:

I prefer being a debt free dog. The 850 club kicked me to the curb when my last installment loan was paid off. However, I still am able to bask in Fico 830s/840s sunlight.

Trying to avoid the damp, dark cellar so no new credit for me.

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^^^^ Same, except next year I will hit 10+ years on last mortgage and auto on reports, maybe lose all installment loan history.

No current or history.

What should I expect to see from mid 830's. ?

[Thomas_Thumb]

Anticipate a 20 point drop. You should stay above 800 but, your Fico 8s may hover in the 805-815 range. 

My only remaining closed loan on file is due to drop off 11/2030.

[NoHardLimits]

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@Thomas_Thumb wrote:

Anticipate a 20 point drop. You should stay above 800 but, your Fico 8s may hover in the 805-815 range. 

My only remaining closed lone on file is due to drop off 11/2030.

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I'm in the same situation.  FICO 8's are currently 830-840, with the last closed loan scheduled to report until 2028.  It will be interesting to see where I wind up with no loans reporting.  If I'm still over 800, I might just leave it alone.  Under 800, I could be pursuaded to take on an auto loan or SSL to boost my score.

[Realist]

Dirty dirty.  

Now that you guys aren't sitting at 850's scores, the world opens up to you if you want to take advantage of those reward opportunities.  It'll keep you in the 800's, and earn you a few thousand to over ten thousands in value.

Just tossing it out there.

I can't do 850.  It's against my FICO religion.  It's too beneficial otherwise.

[Jessie]

Have you noticed any difference between having 850 and not, or is it just bragging rights?

[BallBounces]

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@Jessie wrote:

Have you noticed any difference between having 850 and not, or is it just bragging rights?

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If you have an 850, you are seated at the the best table in the finest of restaurants, you go straight to the head of any line, and traffic lights turn green when you approach.