Who has an 800+ Credit Score and How Did You Get It?

it's good to be concern about your credit score, but afterall it's just a number, leave it be

Wouldn't think you could get any larger loan at 800 than at 750?

manuel said: Wouldn't think you could get any larger loan at 800 than at 750?

I wouldn't.

Woudn't lenders be suspicious of somebody with unusally high FICO. It may indicate that the person used some tricks to raise their score in order to take a large loan and declare BK.

If that's not the reason, why do you need 800 fico? To impress your friends?

unknownshopper said:
They should. My guess is that we will see the end of FICO as a predictive tool for financial underwriting within 3-5 years because of all the gaming. Possibly sooner.

Too late for that. FICO is an industry standard, so that is why banks, insurers, employers, landlords, etc. use it. Once a standard is established and accepted in the industry, it does not simply disappear in 3-5 years.

summitsix said: unknownshopper said:
They should. My guess is that we will see the end of FICO as a predictive tool for financial underwriting within 3-5 years because of all the gaming. Possibly sooner.

Too late for that. FICO is an industry standard, so that is why banks, insurers, employers, landlords, etc. use it. Once a standard is established and accepted in the industry, it does not simply disappear in 3-5 years.

Live long enough and you will see all sorts of standard come and go.
Few, if any insurance companies used FICO 10 years ago.
My 'risk management' friends at the card companies haven't been relying on FICO for quite some time due to its poor predictive value.

Even if FICO does survive, the current inane formula is living on borrowed time.

Mine is over 800. As others said, what difference it makes, if it is 750 or over 800?. I just paid the bills on time and have just 2 CC with over 10 years history on both of them. Mortgage with 14 years history. Never paid any bill late. To improve my score, I was told that I should have atleast 15 years of credit history, then it will cross 835. Don't sweat on this. Your 775 is more than enough to get good rates.

i have a 950 credit score...I have 6 credit cards and pay them all on time. I have the American Express black card as well. It is nothing special...Just dont spend what you cant pay in the near term.

OP unless you have a SPECIFIC NEED for a higher FICO, you have NO need to try to improve it. You stated no specific need.

THERE IS OCCASSIONALLY A SPECIFIC NEED FOR A VERY HIGH FICO. To get the lowest possible rate at a few lenders mentioned in this forum , they require a 780 score to get theiir BEST rates. I believe it was Charles Schwab, Farm Bureau business loan, and something else. DaveHanson is familair with them. But these were UNUSUALLY HIGH FICO requirements , and only at a few lenders, to get an additional discount . For the average person and the typical loan, anything over 720-750 gets the best rates at most lenders.

Long history (meaning more old accounts, fewer newly opened accounts) and perfect payment history will get you into the 800s. Opening many new CCs for bonuses (like some of us do here) will take you out of the 800s.

You can achieve 800 with very little action - just use your old cards responsibly and thats about it. My dad only had 6 credit cards a few years ago, no new apps for years, average aghe of accounts was over 15 years, etc. When he applied for a home loan he was above 820.

SIS is right. FBB's best BLOC rate requires a 780, which is the highest requirement I've ever seen for anything. Schwab wants a 760 or so. For just about everyone else, a 720 is all you need, and often much lower than that.

If--in rough order of importance--you always pay on time, avoid utilizing more than 50% of your available credit at any one time, don't go nuts applying for every new trendy card that comes out, and don't close your older accounts, you WILL rise through the 700s.

A quick question, how long before I'm to finance a house should I begin to pay off my 0-1.9% APR for life CC balances? Currently I have 2 cards almost maxed out and several other cards carry lesser balance and I believe my score's around 700 or lower.

it is human nature to want to be "exclusive" and elite.

but practically, there is not much difference between 747 and 836.

ArthurDent said: A 777 is bigger and roomier than a 737... Oh wait, OP is talking of FICO.. never mind..

I like those individual screens by every seat.

therat84 said: i have a 950 credit score...

If you have a 950 credit score, then it is not a FICO score. 950 is too high to be a FICO credit score, so it would have to be one of the so-called FAKO scores.

I have a 1025. They gave me extra points because I'm awesome.

Bigger is better! Don't let anyone tell you otherwise!

(And no matter what she says, it DOESN'T happen to everybody now and then.)

Cherry, don't worry about your 775 FICO score. But then again, mine is 790, which is "higher" than yours.

If the 800 fico score does not work, try one of these:

Am I dead, Angel? Cause this must be heaven!

Apart from being sexy, what do you do for a living?

Do you know karate? Cause your body is really kickin.

Excuse me. I'm from the FBI, the Fine Body Investigators, and I'm going to have to ask you to assume the position.

Gee, that's a nice set of legs, what time do they open?

I hope you know CPR, cos you take my breath away!

I've got the ship, you've got the harbor ... what say we tie up for the night?

I've just moved you to the top of my 'to do' list.

That outfit would look great in a crumpled heap next to my bed.

And my favorite

Are you wearing windex? cause I can see me in your pants.

the green face helps...