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Old 04-03-2009, 09:36 PM
 
Location: New Jersey
3,777 posts, read 4,174,697 times
Reputation: 3593

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Old 04-03-2009, 09:47 PM
 
95 posts, read 496,585 times
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I was just preapproved for a mortgage and they told me my 3 scores were 795, 802, and 831... so I'm taking the middle one as "my fico score" (apparently that's what lenders would do). I was pretty pleased
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Old 04-03-2009, 09:53 PM
 
786 posts, read 2,464,908 times
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I don't believe anyone can touch mine - 871

PS. I thought they only went to 840, but that's what my darn thing says....
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Old 04-03-2009, 10:40 PM
EB2
 
Location: Florida
1,925 posts, read 5,816,202 times
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Haven't checked it in a month, but last time I did, it was 780 or something. Which, for a 22 year old with little money, never had a cosigner, and only about 10-12 k of cc's (4 in all), I think is pretty decent.

I'd be happy if it got to 800, though.

I recently got a CC from my bank, and with the new FICO standards, anything above 700 is perfect credit (according to the bank manager who did my application).
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Old 04-04-2009, 04:25 AM
 
Location: New Jersey
3,777 posts, read 4,174,697 times
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Perfect credit? You don't need it - MSN Money
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Old 04-04-2009, 06:21 AM
 
Location: NJ
1,495 posts, read 4,760,103 times
Reputation: 954
Mine is 698... not so hot. THe crazy thing is I just paid off all my 3k in debt with credit cards The only debt I have now is my school loan that I'm paying off. How long before you think it can go up again?
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Old 04-04-2009, 06:24 AM
 
Location: Stewartsville, NJ
7,577 posts, read 21,311,412 times
Reputation: 1254
Quote:
Originally Posted by Raven1976 View Post
Mine is 698... not so hot. THe crazy thing is I just paid off all my 3k in debt with credit cards The only debt I have now is my school loan that I'm paying off. How long before you think it can go up again?
That's why it's so low! Paying off debts, cancelling cards, etc. actual lowers your credit score! It's the American way... the more you charge, the better your rating
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Old 04-04-2009, 07:17 AM
 
95 posts, read 496,585 times
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Quote:
Originally Posted by wileynj View Post
That's why it's so low! Paying off debts, cancelling cards, etc. actual lowers your credit score! It's the American way... the more you charge, the better your rating
Hmm, not sure if that was tongue in cheek, but, I don't think that's quite right. I'm only 24, have 1 credit card, and have never made a single late payment or paid a dime in interest, and my FICO is ~800.

My understanding is that the greater the credit limit and the lower the balance you maintain (i.e. ratio of outstanding debt to credit limit), the higher your score will be (among a bunch of factors, of course).
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Old 04-04-2009, 09:36 AM
PDD
 
Location: The Sand Hills of NC
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872
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Old 04-04-2009, 10:43 PM
 
209 posts, read 1,629,128 times
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You have to be very careful what score you're looking at when you're trying to get your FICO score. A lot of the scores on the consumer websites from the 3 credit bureaus are not real FICO scores based on the Fair Isaac risk scoring model. For example, any score that is over 850 cannot possibly be a FICO score (as 850 is the absolute maximum, and a score over 820 is very rare). If the place you got your score from says "PLUS score" or some other "credit score", odds are it's not a true FICO score. Only "FICO", "BEACON", and "Experian-Fair Isaac" scores are actual FICO scores.

THe best way to get real FICO scores is if you're applying for a mortgage and your lender tells you the 3 scores pulled from the 3 credit bureaus - this will be a true set of FICO scores, but then again there are different versions of the FICO scoring model and you won't know which version the lender has access to. None of the consumer websites where you pay $10-20 will let you get actual FICO scores from all 3 bureaus.
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