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What should be best credit score

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jassica

Joined: 13 Sep 2009
jassica's page
Posts: 76

10 Magic Points

Mon Oct 05, 2009 2:25 pm

Best credit score is no doubt 850.

sunnyca

Joined: 10 Sep 2009
sunnyca's page
Posts: 148

954 Magic Points

Tue Oct 06, 2009 7:18 pm

I ahev not seen any one wiht 850

That may be impossible to achieve

Please share with us, if you know some one

sara

Joined: 13 Sep 2009
sara's page
Posts: 31

515 Magic Points

Wed Oct 07, 2009 5:14 pm

Guidelines to push credit score to maximum are as below-

1)Have three to five revolving accounts like credit cards
2)one or more installment account like a mortgage or auto loan
3) the older your accounts the better it is for credit score and rating
4)all accounts must be in good standing
5) limit hard credit inquiries to no more than one a month
6) don't charge your credit card more than 15% of the credit limit

Then over the time, you will get a near perfect credit score and rating.

sara

Joined: 13 Sep 2009
sara's page
Posts: 31

515 Magic Points

Wed Oct 07, 2009 5:17 pm

Hi sunnyca,

To achieve 850 credit score is not impossible.

It can be possible if you apply various tricks to improve credit score.
It is possible. One can improve credit score from scratch to maximum.

fireyone

Joined: 26 Feb 2008
fireyone's page
Posts: 4285

127 Magic Points

Thu Oct 08, 2009 2:26 pm

Sara, you seem to know some things about credit scroes. What is the highest achievable score? I never heard of one in the eight hundreds but that doesn't mean it is not possible.

sunnyca

Joined: 10 Sep 2009
sunnyca's page
Posts: 148

954 Magic Points

Sat Oct 10, 2009 3:14 am

Sara

I do not say that it is not possible, but you need to really disciplined with your credit usage and how you spend the money

Also it would be good for the reader to know abotu the various tricks you are talking about

sunnyca

Joined: 10 Sep 2009
sunnyca's page
Posts: 148

954 Magic Points

Sat Oct 10, 2009 3:47 am

Thats correct the credit score range is from 300 - 850

The score is calcuted based on all the information in yoru credit report

Major afctors which can affect this would be lenght of the credit history and the amount you have borrowed and how logn is yoru credt and the type of credit you have and any new accounts

turbosb2
Guest

Subject: credit score

Thu Oct 15, 2009 7:21 pm

Experian has their own score scale they dont abide by fair isac,I have a score of 740 with them and their system rates me as a c rating .Their scale goes as follows 500 to 990 what a joke,

turbosb2
Guest

Subject: credit score

Thu Oct 15, 2009 10:36 pm

So now i thought i had a good credit rating I just got demoted to just fair with a 740 rating.Sounds like a big scam just to keep interest rates higher on goods and insurance premiums higher because in michigan they check your credit score before they give you a qoute.

sunnyca

Joined: 10 Sep 2009
sunnyca's page
Posts: 148

954 Magic Points

Mon Oct 19, 2009 1:29 am

Thats bad. Insurance comapnies checkign credit score to give quote

CA is better, they cannot check your credit report to give you quotes

The mom
Guest

Subject: Stupid questions...

Sat Oct 24, 2009 2:41 am

Trying to help my son get on track, but there are many terms that I don't understand. What is a "fall off"? What does it mean to your overall when a debt is designated "settled"? Is it at all beneficial to go back & pay that debt in full? What is a "write off"? If a debt has gone to a collection agency, is there a benefit to the credit score to go back to the original creditor? What is the best strategy? Pay off the oldest debts first? The smallest debts first? HELP, please! Thanks.

kim09

Joined: 10 Oct 2009
kim09's page
Posts: 22

14 Magic Points

Mon Oct 26, 2009 3:06 pm

840 IS BEST CREDIT SCORE NOT MORE THAN THAT.....

goodnatured

Joined: 03 Nov 2007
goodnatured's page
Posts: 3927

10 Magic Points

Mon Oct 26, 2009 11:40 pm

Is that true on with every one of the three credit reporting agencies, do each of them use the same scale?

marcusandila

Joined: 27 Oct 2009
marcusandila's page
Posts: 142

3034 Magic Points

Tue Nov 03, 2009 7:18 pm

goodnatured, they do not. My credit score differs between each one. I think its ridiculous really. They should all be the same; especially because certain places only look at certain scores. It could be the company that rates you lower & then your interest rates are higher. I personally think they should all be the same OR there should be just one credit bureau to handle credit scores/reports.

My boyfriend had a 740 score before his bankruptcy & he got excellent rates. My score was 690 and I got "average rates". I honestly don't even know what my credit score is right now because there were some things that messed it up. I'm trying to rebuild it back up though after the mistakes.

goodnatured

Joined: 03 Nov 2007
goodnatured's page
Posts: 3927

10 Magic Points

Tue Nov 03, 2009 7:39 pm

I think there should be some type of regulation that they have to follow, credit effects so much these days, some employers actually check credit before hiring people, it can devastate your whole lfe if you have collectors on your butt.

I really think that this whole system needs an overhaul, they give collectors too much freedom in going in and getting information off your report, putting ticklers on your file, etc. What other agency do you know has this liberty with out violating some type of privacy laws, I know of none.

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