Is your FICO score higher than Warren Buffett's? Archived From: Finance |
Mine is. 
Warren Buffett's FICO score is 718.
He might want to check out prosper.com for his next loan, I'm sure someone will take on the credit risk there. According to the article in Fortune, his credit report shows that he has missed 23 payments on a $294 loan taken out from an HSBC branch in Nevada.
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I like the number 3 tip for improving scores... not exactly FatWalletesque...
Don't get credit that you don't need. Sure it's impressive to have Platinum credit cards, Gold credit cards, credit cards with your alma matter, and a card from each of your favorite shopping spots. But do you really need all of these types of credit accounts? Probably not. While a billionaire might enjoy showing off with a card for every occasion, the rest of us could benefit from a little restraint and only open new credit accounts when necessary
From the article
We know that wealthy people, just like anyone else, can have their credit applications turned down by lenders for having poor FICO scores.
Yeah sure. Wells Fargo or BoFA is going to deny Warren Buffet a credit card because of his average score.
Even if all above information is true (let's assume it is), I don't think a person as wealthy as WB gives a rats behind what's his score is. It's not like he'll have difficult time getting a mortgage and/or car loan 
And I'm sure he gets decent rates from Geico too LOL
Warren Buffet doesnt use credit cards. He makes it rain.
if needs one he just buys the company
shakyhands said:From the article
We know that wealthy people, just like anyone else, can have their credit applications turned down by lenders for having poor FICO scores.
Yeah sure. Wells Fargo or BoFA is going to deny Warren Buffet a credit card because of his average score.Good point. Before my next AOR I will legally change my name to Warren Edward Buffett so none of my credit card applications will be denied, regardless of my credit score.
Looking at the parameters (small loan, location: Las Vegas, missed payments: 23), sounds like someone might have applied credit in his name, or an account that belongs to someone with a similar name got attached to his credit report.
A Warren Buffet AOR could collapse a few credit card companies 
When Warren Buffett cries, hundred dollar bills fall from his eyes.
Warren Buffett was buying groceries with coupons. When he left the store was bankrupt and he was driving the managers Camry.
Warren Buffet performed the worlds first AOR in the 1970s which led to 10 years of 10%+ inflation.
I wonder how high his credit limits are!?
This has the all the makings of a Chuck Norris type list.
alchemize said:A Warren Buffet AOR could collapse a few credit card companies
touche. this made me lol
sidenote: Warren Buffett is The Man.
Yes, my FICO is higher than Warren's, but I would rather have his money than my higher score
shakyhands said:From the article
We know that wealthy people, just like anyone else, can have their credit applications turned down by lenders for having poor FICO scores.
Yeah sure. Wells Fargo or BoFA is going to deny Warren Buffet a credit card because of his average score.
It would be funny to see the bank manager beating the loan officer over the head with a chair 
If a bank ever denies Warren Buffet a credit card, all he has to do is go on CNBC and say that bank has bad economic outlook and then watch and laugh as its stock price dips 10% in one day.
shakyhands said:
Yeah sure. Wells Fargo or BoFA is going to deny Warren Buffet a credit card because of his average score.Back in the early 90's, there was a big stir about then-Federal Reserve Board Governor Larry Lindsey getting turned down for a Toys-R-Us Visa card, because of a problem on his credit report.
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