I have been doing some research and comparing reports of folks with 800+ FICO scores. I have looked at several reports and lot of the folks have long credit histories like: 20+ yrs. (1st cards are Sears or Diners club) and they generally have <10% credit utilization rates, maybe 3 inquiries or less, and no lates. I have seen some reports 820-836 FICO scores with 9-14 credit cards. Some only had credit cards and no other installment loans or mortgage loans. So much for the optimal credit mix. I even saw one with 800 FICO score, with just 5 yr. credit history, no inquiries and just 2 credit cards with credit limits of $8K & $12K and credit utilization of 33% with no lates. What thoughts do you folks have on achieving high FICO scores?
One way would be to have daddys acountant pay your bills every month. But then you would probably be a spoiled rich brat and wouldn't care what your fico is anyway. As Bart simpson says "can't win, don.t try" pb
No exact science. But I've read/heard that the main things are good trade lines mix, low credit utilization, not too many inquiries, long credit history, and always on time payments. You've pointed these out so you already know. I really don't think that one can calculate EXACTLY like 1 + 1 = 2 how to get 800+ scores. I could be wrong though. If anybody here knows the exact formula I would like to know. =)
Use Creditwrench! LOL. RADTRWLMAO Running And Ducking The Rocks While Laughing My A$$ Off Sorry about that. Old enough to know better and too youg to resist.
What thoughts do you folks have on achieving high FICO scores? Pooky =========== Fico Isn't engineered for high scores. As Bart Simpson says "can't win, don't try"psbates The END ************************* LB 59
Hey Bill...Since you went there...I gotta go here: Would you mind sharing your current "BIG 3" scores? Respectfully requested, HACK
Re: Re: Anantomy of 800+ FICO scores LB, your post indicates you may not have read his question very well or that you may not have understood what he said in his post or may have thought that you understood what I said he said we said etc
Re: Re: Anantomy of 800+ FICO scores Which is subject to change as yor post ages or what day of the month it is etc. etc. pb
Re: Re: Anantomy of 800+ FICO scores exactly Actually I don't mind sharing my big 3 at all. 1 2 3 Now all everybody has to do is copy and paste and share them to their hearts content.
Re: Re: Anantomy of 800+ FICO scores 4? 5? 6? Or is it my shoe size, my hat size and my IQ score? I think those are all about the same 9, 7, 9 LOL
Re: Re: Anantomy of 800+ FICO scores C'mon Bill. I'm not asking for any other reason than curiosity...What's the big deal? Here are mine: EFX: 640 EXP: 604 TU: 609 More work to do...but just a couple baddies away from huge jump on all 3... Now...how about you?
Re: Re: Anantomy of 800+ FICO scores People wouldn't believe it if I did tell you. Just be something else to pick and fight about. Been there done that.
Re: Re: Re: Anantomy of 800+ FICO scores OK...would you mind just emailing me...(it's on)...I showed you mine...It's just fair that you show me yours...
Re: Re: Re: Anantomy of 800+ FICO scores In the first place I never email anybody that don't email me first. Especially off a message board. And no, I won't even tell you then because I consider that to be my business and my business alone.
Re: Re: Re: Re: Anantomy of 800+ FICO scores LOLOLOLOLOLOLOLOLOLOLOLOLOL )))) Last time I heard this was when the neighbor kid wanted to play doctor
Re: Re: Re: Re: Anantomy of 800+ FICO scores That's about the size of it here too. LOL Excellent point.
Re: Re: Re: Re: Anantomy of 800+ FICO scores I'm not going to pick a fight, but I understand why you would be reluctant. After all, it is a no-win situation for you, isn't it? Too low a score (in some people's opinion) and your credibility as a credit guru is questioned. If you posted "too high" a score and be called a liar...Don't blame you for holding your cards close to the vest...In your shoes, I would too. By the way, I would be happy to email you if that means we can be friends... Take Care, HACK
