Credit gurus....payment question

[Captain Crawfish]

What works for my score is leaving about 1-200 on the balance every month. Just showing you can responsibly manage a credit line helps your score.

[zachary]

Strange mine took another slight jump......

is it even possible to get a perfect score? any bankers on here ever witnessed one?

[chronical]

Perfect scores are possible and aren't too uncommon. Btw, citi uses a bankcard enhanced fico that is not scaled to the traditional 850 but goes to 900. Here is a copy and paste

The classic FICO® Score which is in use today by the vast majority of lenders fall within the 300-850 score range. This score range was introduced to establish an easy-to-understand, common frame of reference for lenders and consumers. Industry-specific FICO® Scores, such as those for auto lending or credit card lending, were developed to accommodate the unique characteristics of their respective industry and range from 250-900. Some lenders also use FICO® Score NG, which ranges from 150-950.

[zachary]

Perfect scores are possible and aren't too uncommon. Btw, citi uses a bankcard enhanced fico that is not scaled to the traditional 850 but goes to 900. Here is a copy and paste

The classic FICO® Score which is in use today by the vast majority of lenders fall within the 300-850 score range. This score range was introduced to establish an easy-to-understand, common frame of reference for lenders and consumers. Industry-specific FICO® Scores, such as those for auto lending or credit card lending, were developed to accommodate the unique characteristics of their respective industry and range from 250-900. Some lenders also use FICO® Score NG, which ranges from 150-950.

yea that is why I was curious, 821/900 is good, but i do not know what else to do to get a perfect score if it isnt at this point!

[slow99]

Who cares, once you're in the top tier does it matter?

[chronical]

yea that is why I was curious, 821/900 is good, but i do not know what else to do to get a perfect score if it isnt at this point!

0 inquiries
Oldest account more than 10 years old
Average age of accounts > 5-10 years
Perfect payment history
No negative accounts
1 % reported utilization

Some may have reached 850, or in this case 900 with a few differences butch the above is a sound game plan too

[chronical]

Who cares, once you're in the top tier does it matter?

From a lender to consumer aspect, it doesn't. Approvals will still be the same. Some find it fun to try to obtain a perfect credit score though

[zachary]

Hey all. Just wanted to show you what has happened in the last bit here. Maybe it will be informative for some people to see how quickly their credit scores can change. I did end up breaking up the payments into two and you can see a bump each month when i paid them. Ended up buying some other things on a card, and paid them off in full the same month in June also!

In Sept 14 I had about 22k in debt on cards(bathroom remodel gone wrong but all were at 0%). Started paying it all off in chunks and you can see what happened.


Also here is the second chart off a score system to 900 over the same time frame.

[Stephen]

Still broke as fuck!

[BP]

So what's the deal with vantagescore? It's scoring me almost 90 points lower than FICO.

[chronical]

So what's the deal with vantagescore? It's scoring me almost 90 points lower than FICO.

A worthless score that doesn't mean anything. Trust your Fico score.

[BP]

A worthless score that doesn't mean anything. Trust your Fico score.

Good! My USAA account shows their score and it scared me.

[David]

Is there any place that can give you a real score. Everything appears all bullshit either from what you pay or what everyone else pulls.

[chronical]

Is there any place that can give you a real score. Everything appears all bullshit either from what you pay or what everyone else pulls.

Myfico.com

[Captain Crawfish]

Paying it off in one payment is what I would do. I try to leave a few hundred balance on my card. Like mentioned 1-10 percent utilized is best. 2-3 percent balance works good for me.