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Toot your horn anyone ever actually gotten an 850??
Squid
Member Posts: 19 ✭✭
I have paid my bills all my life on time, never late.
My FICO score is 844, WTH do you have to do or who do you have to blow to get a 850!
Just curious if anyone have ever actually made that level?
My FICO score is 844, WTH do you have to do or who do you have to blow to get a 850!
Just curious if anyone have ever actually made that level?
Comments
If you can't feel the music; it's only pink noise!
+1
And fiery auto crashes
Some will die in hot pursuit
While sifting through my ashes
Some will fall in love with life
And drink it from a fountain
That is pouring like an avalanche
Coming down the mountain
It seems like it takes a hit when you don't borrow any money and/or pay things off early.
Also, I have disputed a charge or two over the years and by not not paying until the issue is resolved the numbers drop.
I know folks say that it is important, but frankly it is much less important than a good relationship with your banker.
Brad Steele
Margaret Thatcher
"There are three kinds of lies: lies, damned lies and statistics."
Mark Twain
Put a hold on my credit as well to keep the fraudsters at bay.
Is it possible to get over 850? Thought that was top of the crdit list.
Creditors generally like anything above 700 as credit worthy.
So yes if you scored a 850 tip of the hat to you...
that was the only time I heard the numbers in my life and really the last time it was checked as far as I know
I know its suppose to help ? but that score and 1.00 will get me a cup of coffee
I owe no one a nickel beyond monthly expenses, and I intend to keep it that way.
So on the one hand, I should be 850. The only reason I know the score is because it comes with each Discover bill.
It doesn't matter to me I had my credit frozen last year, I have no plans to borrow money.
Actually many of you who don't care should, it won't matter as long as it is high but your credit score isn't just about borrowing money.
We use credit scores to price Automobile insurance, it is also used by life, health and homeowners underwriters and impacts the prices you pay for things other than just borrowing money.
+ {-}850
My score is zero. Took about 9 years to get it there, by paying cash and not owing money.
And as far as number crushing idiots that use a CR to determine insurance rates and other things, Thats BS.
All my rates are about as low as given to any of their customers.
IE... My insurance on my car, truck, RV camper is so low, people with high CR's don't believe them.
WHY??? In the last 16 years I never had a claim on any of them. No tickets either.
The insurance company cashes my direct payments like it was a birthday gift every month.
Ever hear the story Dave Ramsy tells of trying to rent office spaces??
Was refused because of no CR. So he bought the whole building with cash.
Thanks. Did not know that.
I'll be checking now.
Either way though, if the score is in the higher range, a couple points here and there should be irrelevant.
If you can't feel the music; it's only pink noise!
Guess I have to say no .
+899
Total BS
If you get enuff sheeople to believe something , it must be "true".
There a a few different "credit" departments.
Equifax has many {like me} listed at zero.
Another may have a start number of 300.
Another may say NO history.
If you want pull up ALL the reports. You will see all different numbers.
Ain't that strange???? Same person, same life style, same payments.
But different ratings!!!!
Years ago, My wife went for a lapband operation. Now she worked in the hospital that would do the surgery.
The financial department ran her income. credit rating, employment history.
Came up with a number of about $14,000.
The two doctors {she knew them} told her to come in with $8,000 cash and forget about
the rest.
It sure was a good thing she had a "GOOD CREDIT RATING".
I refuse to pray at the alter of Fico.
Know a young man who saved close to $ 100,000.00 for the purchase of a house.
Wanted to buy one that listed for around $ 250,000.00.
The story I heard was that no bank would loan him the additional $ 170,000.00 because he had no credit history.
Lesson? Live within your means, borrow nothing, pay with cash, save so you can put 40% down on a house in order to begin growing equity, and get slapped down by the system.
It is what it is, which is why I still believe a good relationship with your banker is better than a pat on the head from Equifax.
Brad Steele
And Dave has a credit score of O. He says that you don't need a credit score.
And he says that the only way to get a good credit score is to pay a fortune to banks or Discover, in interest. Dave particularly hates credit cards and he does not use them. He says that a person shopping with a credit card will, day in and day out, spend a lot more than the person paying cash.
Well I have to differ with Dave on this one. Now, I haven't bought anything on credit since I bought a new pickup in 1995.
But I have a credit score of 804. I use 2 credit cards and pay them off each month. I haven't paid a dime in interest in the past 8 years.
Also I don't like to go shopping. About the only "shopping" I do is at the grocery store, and I buy what I want and pay with the Discover and leave, I usually am in a grocery store for about 11 minutes, no impulse buying for me.
I don't plan on buying anything on credit again, but, I am going to take a tour of the continent later this year with my girlfriend, and might rent a car for that. In that case the credit card would come in handy, even Dave talks about how difficult it is to rent a car if you don't have a credit card.
I had an uncle {RIP}, that was a loan shark in NYC. He charged 10% vig to people that couldn't get loans from banks.
10% and they sent HIM to jail for 5 years!!!
And you are getting a credit score of 845. Mine is 804 tops and sometimes down to 795. Why the difference, I wonder?
I wouldn't know, or care about it but I get the score every month with the Discover bill.
Got it by using my Black A.E. card and qualifying for their special client bonus of 10 extra points if their card was used to charge over $5,000 dollars a month? , maybe more, for three consecutive month
That was over 20 years ago, or so I believe. Could have been 30 points?
It's all a con anyway, the "black card" had a "sign up fee" of $10,000 and lots of benefits but being retired I've found none of them worthwhile. Where I live you get "Money for nothing and chicks are Free". As it should be.
https://www.travelandleisure.com/travel-tips/points-miles/american-express-black-card
I don't know either, Allen. I've given up on trying to understand their system. I noticed it dropped a bit after I paid off my mortgage a few years ago, but it crept back up. I do have several active credit cards that I rotate into use occasionally, perhaps that helps? I'd like to get rid of some of them but I understand that canceling would hurt the score so I just keep them. I guess it's good to know the score is high, but unless you need to get credit it matters little. ...good in case of an extreme emergency, I suppose.
Weird things these numbers, they are actually supposed to measure responsibility not a payment history. Hence their use for insurance rates, "random" checks at airports, etc.
The post about the young man with the large down payment is probably very true. Without a score, you don't exist in the FNMA underwriting system, although it is possible to build an alternative credit history. Insurance payments, utility bills, etc.
KC