My score comes out to 776. At the age of 25, I use credit cards for almost everything, but I make sure to pay them off each month. I believe my good score comes from doing this since I was sixteen.
I discovered that my score was 850 when I checked it. I started to wonder how I could improve and who has scores higher than 800, 825, or even 850. Is it even feasible to do that?
The only tip I am aware of is to request a higher credit limit over the phone with credit card issuers. I am curious to know how other people have achieved a high score.
I am in the same boat as you are. But, it is crucial for your FICO score to reflect that you have a variety of debt, not simply credit card debt. Some examples of this include mortgages, auto loans, student loans, and home equity loans.
Apart from my three credit cards, I do not have any other credit lines, and I do not plan to apply for additional loans anytime soon. Thus, I do not think it will go very high till I do.
You are not to be concerned. My score and yours are both high enough that, should we ever need financing, we can receive fantastic rates. Well done!
The letter he got from the credit bureau recently said his score “ranks higher than 100 percent of U.S. consumers.” That makes Pavelka a financial anomaly. While an 848 isn’t a perfect score, it’s as high as most experts have ever seen.