Myfico score 800+

[Anonymous]

If you have/been through fico score 800+(not FAKE SCORE), please share with us how did you breakthrough from 720-770-800+

your sharing is very much appreciate!

[Anonymous]

It's all about Amex backdating. 

[Thomas_Thumb]

FYI -  CAPTOOL also has installment loans in his credit file history [both open and closed] - as well as the age thing going.

[Anonymous]

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@Thomas_Thumb wrote:

FYI -  CAPTOOL also has installment loans in his credit file history [both open and closed] - as well as the age thing going.

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True. And to add some detail, I have one $5K loan paid and closed, and a second $2K loan reporting a balance of $81. But I have a third loan, (also $5K), that hasn't yet reported. When it does I'll likely see a 20 to 25 point drop.

[Thomas_Thumb]

If the upper threshold on aggregate balance/loan is 80%, then you should not see a 20 to 30 point drop - IMO. If there is a 70% threshold; score drop of that magnitude is more likely since it looks like your ratio might reach 72%.

Any chance for before/after data on mortgage scores?

[Anonymous]

Mine was in the low 790s a few mos ago. Lost 30pts when my mortgage reported as well as an additional CC. Been gaining about 5 - 6pts a mo since. If the current trend continues I'll be up around 800 in 4 - 5mos. Hopefully the credit mix helps more than the current 99% bal/lone hurts.

[Anonymous]

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@Thomas_Thumb wrote:

If the upper threshold on aggregate balance/loan is 80%, then you should not see a 20 to 30 point drop - IMO. If there is a 70% threshold; score drop of that magnitude is more likely since it looks like your ratio might reach 72%.

Any chance for before/after data on mortgage scores?

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I'll do another TU pull once the other loan reports, but I don't feel like ponying up for all of them. TU Fico 4 was 765 at the time that Fico 8 816 was pulled.

[NRB525]

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@Anonymous wrote:

If you have/been through fico score 800+(not FAKE SCORE), please share with us how did you breakthrough from 720-770-800+

your sharing is very much appreciate!

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Each file is different, but some of the key components are:

1) Keeping overall utilization in check, an area that I myself am working on. I'm at about $25k TU listed CC debt, but less than 20% overall utilization, with one card reporting over 50%, two cards up near 50% utilization.

2) A fairly long history of absolutely no negative items on the credit file, such as late payments, charge offs, or BK. This can be either never negative, or, nearly the same thing, aged negatives dropping off. Mine has no baddies.

3) A range of credit products, some CC that are reporting balances (not absolute zero), perhaps an active mortgage, perhaps an active installment loan such as an automobile. I've got plenty of credit cards, a mortgage, and opened a toy installment share secured loan, which may or may not be helping my score yet because it's at about 90% utilization.

My score is at 777 TU, 760ish for the other two.

So, OP, what is in your file in those major categories?

[Anonymous]

Captool, may i know how do you apply such small amount personal? Which bank will normally do it? How aboit its interest rate?

[Anonymous]

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@Anonymous wrote:

Captool, may i know how do you apply such small amount personal? Which bank will normally do it? How aboit its interest rate?

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The $2K loan is a secured loan from a local bank at 4%. The closed $5K loan was from Lending Club at 16.55%. The $5K loan that hasn't reported yet is from Promise Financial at 6.2%.