Youngest age where 850 has been achieved?

[jamie123]

Yes, my 0% offers expire in November so I will have to pay off the 2 high balance credit cards before then. I will then try an AZEO setup.

I try and not get too wound up about my scores but just try and rotate my cards and use my credit resposibly. I used to be addicted to squeezing out every point that I could every month but it was tiring and I was addicted to watching my scores.

I'm thinking that with a bit more age on my accounts by November and the AZEO in place my scores should all be around 800. At least that is what I'm hoping for.

[Anonymous]

I'd say that's a reasonable expectation. 

It's true that watching your scores all the time, riding AZEO, etc. can be tiresome.  As soon as I see my scores at my goal, I'm going to retire from score-watching and balance-watching and just allow things to report "naturally" as it will be much easier to manage (essentially no management).

[Subexistence]

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@Anonymous wrote:

I got to thinking about this when posting in Subexistence's current thread regarding him striving for 800 by the age of 20. 

What about 850?  I recall reading a thread on here last year where it was stated that very few people have achieved an 850 score under the age of 40.  It makes sense, of course, as I believe in order to achieve an 850 you need to possess an AoOA of around 15-17 years.  That would put the majority in their mid 30's at least and of course all other slices of the FICO pie would need to be looking stellar. 

Just curious from MF members who the youngest have been to register an 850.  I'm also assuming a straight up profile with no AU accounts factored in here, just to be clear.

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I have a 31 year old friend in college who showed me his 820 TU score on Discover and his report wasn't perfect due to new accounts and high installment utilization. 

If I had to guess, I'd say 28-29. My reasoning is the buffer that allows you to have an 850 without being perfect in all categories. In this case if one maxed out every category except AoOA, that person could land an 850. I remember there being a thread stating that people without installment loans could achieve 850. A person would have had gotten at 4 revolving accounts, plus 1 installment loan at age 18 then never applied to anything else. The decade long installment loan would likely be a mortgage made by a college landlord that is paid down to <8.99% and follow AZEO on the revolving accounts. Of course such a situation is extremely unlikely.

My guess is that when I'm in my late 20s/early 30s, I'll have a 20-30 CC with util under AZEO but I definitely won't have my mortgage under 8.99% since it makes more sense to buy stocks over paying back mortgage. Therefore I expect to hit 850 around 36-37.

[Thomas_Thumb]

You don't need a mortgage paid down to under 9%.

I was at 850 with a mortgage above 60% B/L a few years back and had a healthy buffer on Fico 8. It was my only open installment loan.

[Anonymous]

TT is correct that a mortgage doesn't need to be paid down below 9%.  Mine is still in the 70's utilization percentage wise and I was able to hit an 850.

[Anonymous]

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@Subexistence

If I had to guess, I'd say 28-29. My reasoning is the buffer that allows you to have an 850 without being perfect in all categories. In this case if one maxed out every category except AoOA, that person could land an 850. I remember there being a thread stating that people without installment loans could achieve 850.

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I don't agree with this.  AoOA is a huge factor here and not one that I believe can be overcome by "maxing out" everything else.  If that were the case, I think I could have hit an 850 a long time ago.  I believe that AoOA is a major constraint that will put a ceiling on your scoring potential, regardless of how perfect other categories may be.  Obviously, this is all speculation on both your part and my part.  Until we start seeing people chime in with data points, it seems that mid-late 30's is the best we've seen report an 850 (not young 30's or late 20's).  AoOA is one of the few factors that can't be sped up or addressed in any way to "fix" or "improve" it, where almost everything else can be tackled and remedied.  That being said, if AoOA is indeed an absolute constraint to score improvement, there's nothing that can be done at all about it other than wait, thus raising the age it would take someone to be to achieve a perfect score.

[Subexistence]

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@Thomas_Thumb wrote:

You don't need a mortgage paid down to under 9%.

I was at 850 with a mortgage above 60% B/L a few years back and had a healthy buffer on Fico 8. It was my only open installment loan.

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Looks like this could then be a potential future goal for me. Hope you guys stay on this forum for another couple years.

[Thomas_Thumb]

I suspect you will need an AAoA of 7.5 years or more regardless of other factors. Probably no new accounts or HPs under 12 months for your profile as well.

[Subexistence]

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@Thomas_Thumb wrote:

I suspect you will need an AAoA of 7.5 years or more regardless of other factors. Probably no new accounts or HPs under 12 months for your profile as well.

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AAoA is just for revolving accounts or would it include a future potential mortgage?

[Thomas_Thumb]

AAoA includes all credit accounts in your file: Mortgages, Auto loans, PLOCs, Home equity loans, credit cards, charge cards, etc.

Both closed and open accounts are part of the AAoA calculation.