who has stellar perfect credit?

It depends on how you define "stellar perfect credit"

Are we talking actual history or score.

I like to think I have perfect credit. Never a late payment, no derogs ever.

But my score is not very high because I have a lot of debt, and right now, a lot of inquiries.

 

I a, hovering arround 700. I, too, have no derogs, but lots of inquiries (house and car shopping) and lots of debt. BUT...due to a huge increase in my husbands salary, we are paying off almost all debt in the next 3 months (except house, car and student loans) and I am disputing most of my inquiries (TU won't buge on inquiries, but efx and expn are disputing them)...so in a few months I'll be interested to see where my score goes...

Shanna

 

Hi Shana, I am currently at 635 w/credit expert, but when I used the simulator and put it at zero inquiries, my score shot up to the max about 800+ and when I put my balances of my credit cards to zero it moved up just a bit, so I think inquiries play a big amount of our score which I think sucks. I have no derogs as well.

 

I don't buy into the simulator totally, but I do think the inquiries have a MUCH bigger impact that we were led to believe. We have always been told that they make allowances for multiple inquiries like when you are house or car shopping...but I think that we were misled about that, too!!

Shanna

 

I HAVE NOTHING NEGATIVE...except "too many open bank cards with balances".
698 F.I.C.O.

 

George,
Can you somehow get some of your bank cards down to zero? Even if you have to move things around it might help. It's ridiculous that we have to play these games but whatever helps.

 

DOES IT REALLY MATTER HOW HIGH YOUR CREDIT SCORE IS?

I am just wondering? As long as you have a score in the 700's with no negatives EVER you should be able to get whatever credit cards, cars, houses, boats, ANYTHING.... with a good rate.

I think about qualifying only. If I am not trying to USE my score for some particular goal, I could care less what my score is. But maybe that is because my scores are lower than some of you stellar credit people and I just dont get it.

Nevertheless, if your score is in the average category and you have no negatives, it is usually due to new accounts, shorter credit history than other stellar people (like 20-40 years of perfect credit....) debt ratios....you salary is not calculated in just your credit limits and balances.

According to Fico, once you master all those factors you will then be given the prize of stellar perfect credit. BIG FREAKING DEAL. SCREW FICO.

You have stellar credit NOW with no negatives. I wouldnt let anyones scale take your good credit away. Not everyone can be a size 6 or weight 110 lbs. Not everyone can have scores in the 800's either no matter how credit worthy you are. I say...DONT SWEAT THE SMALL STUFF.

but that's just my opinion....

 

I'm trying to get my scores into the 700's.

I've gotten some inquiries on my Experian removed, now I'm in the 700's there.

I have no idea what my Trans Union score is.

My Equifax varies at any given point in time from around 618-688. It fluctuates greatly.

I just want my scores to be high enough that I don't have to keep my fingers crossed when I apply for credit. I still get denied all the time.

 

the other,

If you have no negatives ever, why are your scores low? I just dont get it... I know scores dont really mean anything....but is it your balances. Should you be applying for my credit or should you be begging for credit line increases to help your ratios.

 

I think score matters a great deal with all the cc's who jack up APR's and lower limits based on the perceived risk the score gives them.

 

Any score over 700 is pretty much irrelevant,

at least in terms of auto loans & mortgages.

A-lot of lenders have actually dropped their

criteria, since this came about, for example,

there were several banks requiring 720-750+

to get the best rates, now they are down to 700 or

better for best, then 650-699, usuallly about .50%-

.75% more, the real hit is under 620.

Now keep in mind the score is only one variable,

I've seen "kids" with only 2 years in the

bureau, with credit cards & student loans<deferred>

with high 7s , but they were rejected for lack

of bureau time, and or lack of significant

installment loan experience.

As for the best credit card deals, the criteria are

probably similar.

 

Mist,

I disagree. Credit card companies up your APR when you have negatives added to your report. Negatives hurt you. Just because you have a 750 and it drops to 720 no one will up your apr or change your limits.... If you are late on a payment they will up your rates and reduce your credit limits.

Scholar,

I agree with you 100%. Well said.

 

Roni,
Nope, not in my case. The last delinquency was older than 1 year and had been on my report for all that time. The jacking of the interest rate was triggered as I prepared for my European vacation this year which added, in deposits for hotels and such, about $1,000 to my balances. That was all it took. The bank lowered my limit to below it's then balance and doubled my interest rate.

Mist

 

then balance transfer out and tell them to kiss your glory.

 

I've been working on the credit limit increases, but haven't been getting far until recently.

In the past 2 months, I have finally got the following increasees:

Amex Blue 2000 -> 2500
Bank of America 6900 -> 10000
Discover 13000 ->14500
Citi 4000 -> 6000 (I then combined this with my older citi account to make a 22700 limit)
MBNA 15000 -> 20000 (I then converted to Quantum. I did this today)

Chase refuses to budge on my limit after having the card for a year and a half.

Wells Fargo went from 7500 -> 10000 in March.
My credit union visa is at 10000.

Total limits equal 104,700.

Of course, I added a bunch of inquiries doing this.

I haven't actually applied for any new accounts except for my private school loan to supplement my stafford loan for the upcoming school year. I was so worried I would be turned down.

 

Mist may I ask what banks did this?? I have had my score rise and fall many times and none of my creditors ever lowered limits nor jacked up rates. Just curious what banks they were, so I can avoid them.

 

People's Bank of Connecticut.

 

Thanks Mist, that is downright hateful. I know creditors will do this for negatives appearing but for 1000 in debt, that's insane

 

No mom. It is not insane. It is greedy. And it wasnt done because of Mist credit scores. It was done b/c they are scandelous.

I WOULD LEAVE THAT BANK WITHOUT QUESTION.