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831 score. Never make a late payment, my cc balances total less than 3% of my available amount and if it goes over that amount, it's paid off by the following week. In addition, save for a new account with Chase, all of my accounts with Wells Fargo, Citi and Amex are over 12 years old.
Do you think it's the length of time that helps your credit score go above 800? I'm close but not quite there yet.
Do you think it's the length of time that helps your credit score go above 800? I'm close but not quite there yet.
It does slightly, your average age of accounts is one of the things calculated into your scores. I have an account from 2003 that offers me no advantages compared to my others (cash back and rewards); so I just use it for occasional dry cleaning then pay it off so the account stays open. I keep it open simply because it raises my average account age.
It does slightly, your average age of accounts is one of the things calculated into your scores. I have an account from 2003 that offers me no advantages compared to my others (cash back and rewards); so I just use it for occasional dry cleaning then pay it off so the account stays open. I keep it open simply because it raises my average account age.
That's good to know because I did consider closing one of my credit card for a mattress store but decided to keep it open to buy something small like a new pillow so that account stays open.
all these scores from the credit cards are not actual comprehensive fico scores . they are fico bank card scores and many like amex and discover run to 900 not 850 . your actual score can be as much as 50 points less or more since they only weight credit cards and little of anything else .
most lenders do not use that fico 8 score .
Credit cards who let you see your score aren't showing you the score they'd pull. They are getting the score from one of the credit reporting agencies.
It's free even if you don't have a Discover card. I don't like Experian. They give me a lower score than TU! I knew TU was more generous but still. I'm going to ck my Experian report for errors ..........
My FICO score is 824. For some strange reason I felt a lot of pride when I got the report. I feel like an elite.
Can anyone beat me in their FICO score?
My FICO score is 830. It was as high as 847 but three credit inquiries by potential contractors for my legal services cut the score. My house is almost paid off and my wife and I pay our credit cards off in full every month. We pay for our cars in full on purchase.
Well, my comment was asking specifically whether he meant the word "boosting" (which he wrote) or "Boasting."
But to address what you've said, I agree. However, NJBest posted something that is true: It depends on details. If you earn that score by having zero credit lines and no debt, that's not anything to boast about. However, if you earn that score by having debt (whatever the form may be) and managing it appropriately while actively having that score, then that is impressive.
Irrespective, it's nothing to boast about. My score is very closely similar and I'm dealing with hundreds of thousands of dollars in student loans. It's all in the details.
Yes it is about the details including payment history, debt to income ratio, credit usage, type of credit etc. Not having or using credit actually hurts a credit score. Think about it, how can someone who is considering his credit application determine how he repays. I suggest you study how a FICO score is determined before posting.
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