Do you know your credit score?

[Gibson486]

Hmmm...weird, I just checked my credit score today b/c i recieved this letter stating that I was denied for a card I never even applied for. I went to check my credit is there isn't even on inquiry on it.

 

[kranky]

Originally posted by: DonVito

Originally posted by: kranky

I suspect your 886 score is computed using their brand-new system which has a scale from 501 up to 990. The old scale which started at 300 topped out at 850. For more details, google on VantageScore.

I wonder how my 886 compares to my old scores. Probably about the same, eh?

There is no actual "conversion chart" that I am aware of, but it sounds like your new rating might be a bit lower. On the FICO system, over 720 is generally considered "excellent". The VantageScore system uses letter grades - 901-990 is rated "A", 801-900 is "B", 701-800 is "C", 601-700 is "D" and below 600 is "F".

The key thing to remember is that each lender has its own guidelines for interpreting scores, so what one lender might consider good, another one might consider excellent. If your score did drop because of recently opening new credit lines, that impact will lessen as time goes on and your record shows you are handling the new credit responsibly.

 

[kranky]

Originally posted by: RossMAN

Originally posted by: BlueWeasel

Originally posted by: RossMAN
780 but I'm trying to bump it to 800+, looks like I'm stuck where I am

But why?

because 800 is higher than 780 and for bragging rights?

"There's no reason to brag about a particular credit score," said kranky, while thinking about his 804 FICO.

 

[iRONic]

My average of the three is 720 under the old system.

 

[iRONic]

Originally posted by: crustyoldman
How the hell are you going to get a credit score from a bunch of minors ?

Heh heh...

 

[BlueWeasel]

Originally posted by: RossMAN

Originally posted by: BlueWeasel

Originally posted by: RossMAN
780 but I'm trying to bump it to 800+, looks like I'm stuck where I am

But why?

because 800 is higher than 780 and for bragging rights?

Then why stop at 800? Seems as though Kranky just raised the bar to 804...now can you cowboy up?