Our Forums' FICO High Achievers: Who has at least one FICO Score of 760 or above?

[dynamicvb]

So this thread came back to the top. I remember seeing this when I first came to this forum, a little over 2 years ago. At the time I thought no way I'll ever be able to post in that thread. I woke up this morning to my TU getting to 800. That is two of three at least 800 with one just 6 points away. 

I did come at a good time as my BK and most of the other baddies were a year or more from falling, so that helped a lot as getting baddies gone is the best thing you can do to help your scores. Regardless I added almost 200 points to fico 8, lots of the other versions are already way over 800, just following the good sense posts on this forum.

Thanks, everyone.

[Aim_High]

---

@sarge12 wrote:

@Aim_High  I do have a mortgage that has less than 14k left on the balance. Also, There is an auto loan on my report that is technically mine. I do not make the payments on it, my Neice does...well her husband. It was arranged because I qualified for the 1.75% financing. Me and her husband have a joint checking account that 250 dollars every 2 weeks is auto deposited from his paycheck. The 355 dollar per month car payment is automatically paid, and the extra covers taxes and insurance, with occasional buildup that they can withdraw. I also have a credit card that only my Sister uses, and in a similar fashion, it is technically my card with her as an AU, and she pays the bill. It is very low interest for a credit card of 4.95%. It is likely the culprit that has kept my scores below 850, as it has almost 5000 balance of 10k limit. It is OK though, because I like my Sister more than my credit score. Me and my little Sister are very close. I am also close to her grown Children and her Grandchildren, even though that relationship is not the smartest thing financially. I am the rich (to them) Uncle that bails them out in disasters. Probably 10k a year goes in direct aid to that charity, an MRI and deductible of cervical fusion for 1, and a new central air for another included in recent aid. There are far worse things I could waste money on.

@sarge12 wrote:

@Aim_High  I also do not know what good a perfect fico 08 score would do me based on the fact that fico says I am not very resilient, so will likely default in an economic downturn. I thought that having nearly 20 times as much in savings than all my debts combined made my credit very resilient....who knew. So with my entire debt load around 20k, the almost 400k in Vanguard Fiduciary Trust I can withdraw at will does not matter. The geniuses at fico have determined my resilience is at 59 with lower numbers being better...1 to 99 scale. I thought savings of that many times over debt would make my credit very resilient, but apparently not. I also could live on SSDI alone of almost 2200 per month. How do these clowns come up with this stuff? 

---

Ah, that 50% utilization may be the key.  (Have you tried asking for a credit limit increase on that account?)  Yes, 'rich' is relative but it's great that you can be there for your family and as I was saying, your credit score is "working" for you and your family which is the whole point. 

As for debt versus assets, I don't think there is really any way that FICO incorporates either income or assets into a score.  I guess they see those as things that could quickly change.  You could take your $400K out of investment and squander it.  It's a risk just as income is a risk.  Someone may be making $500K a year but they can lose their job for a year or two before they find new employment.  But sometimes I think there needs to be allowances made for income and/or assets in the big picture. 

[Aim_High]

---

@dynamicvb wrote:

So this thread came back to the top. I remember seeing this when I first came to this forum, a little over 2 years ago. At the time I thought no way I'll ever be able to post in that thread. I woke up this morning to my TU getting to 800. That is two of three at least 800 with one just 6 points away. 

I did come at a good time as my BK and most of the other baddies were a year or more from falling, so that helped a lot as getting baddies gone is the best thing you can do to help your scores. Regardless I added almost 200 points to fico 8, lots of the other versions are already way over 800, just following the good sense posts on this forum.

Thanks, everyone.

---

Wow, Congrats on reaching the "800 Club"! 

Welcome aboard! 

Yes, many of us thought the 800s were unattainable but all it really takes is being consistently reponsible, a little work at building a profile, and patience.   It's within reach of most of us if we are willing to follow a plan and do the work.  

[sarge12]

---

@Aim_High wrote:

---

@sarge12 wrote:

@Aim_High  I do have a mortgage that has less than 14k left on the balance. Also, There is an auto loan on my report that is technically mine. I do not make the payments on it, my Neice does...well her husband. It was arranged because I qualified for the 1.75% financing. Me and her husband have a joint checking account that 250 dollars every 2 weeks is auto deposited from his paycheck. The 355 dollar per month car payment is automatically paid, and the extra covers taxes and insurance, with occasional buildup that they can withdraw. I also have a credit card that only my Sister uses, and in a similar fashion, it is technically my card with her as an AU, and she pays the bill. It is very low interest for a credit card of 4.95%. It is likely the culprit that has kept my scores below 850, as it has almost 5000 balance of 10k limit. It is OK though, because I like my Sister more than my credit score. Me and my little Sister are very close. I am also close to her grown Children and her Grandchildren, even though that relationship is not the smartest thing financially. I am the rich (to them) Uncle that bails them out in disasters. Probably 10k a year goes in direct aid to that charity, an MRI and deductible of cervical fusion for 1, and a new central air for another included in recent aid. There are far worse things I could waste money on.

@sarge12 wrote:

@Aim_High  I also do not know what good a perfect fico 08 score would do me based on the fact that fico says I am not very resilient, so will likely default in an economic downturn. I thought that having nearly 20 times as much in savings than all my debts combined made my credit very resilient....who knew. So with my entire debt load around 20k, the almost 400k in Vanguard Fiduciary Trust I can withdraw at will does not matter. The geniuses at fico have determined my resilience is at 59 with lower numbers being better...1 to 99 scale. I thought savings of that many times over debt would make my credit very resilient, but apparently not. I also could live on SSDI alone of almost 2200 per month. How do these clowns come up with this stuff? 

---

Ah, that 50% utilization may be the key.  (Have you tried asking for a credit limit increase on that account?)  Yes, 'rich' is relative but it's great that you can be there for your family and as I was saying, your credit score is "working" for you and your family which is the whole point. 

As for debt versus assets, I don't think there is really any way that FICO incorporates either income or assets into a score.  I guess they see those as things that could quickly change.  You could take your $400K out of investment and squander it.  It's a risk just as income is a risk.  Someone may be making $500K a year but they can lose their job for a year or two before they find new employment.  But sometimes I think there needs to be allowances made for income and/or assets in the big picture. 

---

There are allowances for income in the big picture, and that is why income is always part of any loan or credit card application. It is very important in a lenders decision to approve or decline a credit application. It just can't by law be part of the credit score or report. It is so key to lenders that they even request 4506T forms as part of financial reviews. They will often not just take the card holders word for it. Not being on a credit report or the score that is generated from data in the report does not mean it is not used by underwriters...It is!

Edit: I never have and never will submit to a 4506T request for a credit card. They can close the card, but my tax returns will never be in their hands with my permission.

[AI_JMV]

I get to post here now!! I'm over 800 on TU and EX.. just waiting for the final BK and associated baddies to fall off EQ and then I am Home Free!!! 

[Aim_High]

---

@AI_JMV wrote:

I get to post here now!! I'm over 800 on TU and EX.. just waiting for the final BK and associated baddies to fall off EQ and then I am Home Free!!! 

---

Great job! Congrats! 

[SleeplessinMA]

---

@AI_JMV wrote:

I get to post here now!! I'm over 800 on TU and EX.. just waiting for the final BK and associated baddies to fall off EQ and then I am Home Free!!! 

---

Congratulations and welcome to the 800 club!  It's a wonderful feeling to finally get over the top.  I just had

my last 30D late, from 2013, taken off my reports and all three shot up to over 800.  How much longer for

the BK and other baddies to fall off on EQ? 

[sarge12]

@Aim_High This is to answer the question asked earlier....(Have you tried asking for a credit limit increase on that account?) The answer is yes, but it is a low interest credit union card and has a maximum credit limit of 10k for anybody that qualifies. Nobody has higher card limits there. In truth, it is not a big deal, and I have been told that they do not have a ticker tape parade for those who acheive 850 scores. I have also been told they do not name streets after you for doing so either. I would not know though, never been there. Raising the limit on that card was so obvious that even I thought of it, which is more remarkable than you know. Not in a long time now, but in my youth I did some really stupid things. So stupid it is a miracle that I am even alive, but that is not my fault, because more than once my stupidity nearly got me killed. My survival was most likely dumb luck, or a Mother who was praying for me un-ceasingly. It was for sure not my doing that only hospital stays resulted.

[dynamicvb]

---

@dynamicvb wrote:

So this thread came back to the top. I remember seeing this when I first came to this forum, a little over 2 years ago. At the time I thought no way I'll ever be able to post in that thread. I woke up this morning to my TU getting to 800. That is two of three at least 800 with one just 6 points away. 

I did come at a good time as my BK and most of the other baddies were a year or more from falling, so that helped a lot as getting baddies gone is the best thing you can do to help your scores. Regardless I added almost 200 points to fico 8, lots of the other versions are already way over 800, just following the good sense posts on this forum.

Thanks, everyone.

---

Well got a notice that my EX moved to 800. Woohoo all at 800 for the moment and we all know that will change sometimes for no apparent reason 😁

[LilyBee]

This is not a response to anyone just an inquiry.  Has anyone used the 'raise your score' by Experian?   If so, how does that impact

your TU and Equifax scores?  And, are there any requirements to use that service?  Seems odd to be able to raise one's score using different criteria from FICO, without impacting the other two scores.

Just wondering.