My credit score is 821. How do I make it go higher? NECRO

[Clinkster]

This is one of the most worthless goals anybody could hope to achieve.

 

[Corporate Thug]

by not being a slave to debt thats how.

having a high CREDIT score should not be a badge of honor like so many on here believe. having a high CREDIT score means you love debt, a high score should be a badge of shame not an accolade.. jesus christ its not rocket science.

Damn, I should have listened to Mitt and asked my parents (who have a combined yearly income of under 50k) for a 100k loan so I could go to college and law school and I wouldn't have a slave to debt...why didn't I think of that before this thread?

 

[Corporate Thug]

I am 22 and my credit score is 730 is it really that hard to hit 800?

the higher you get, the more difficult it gets. In college, I had almost next to no credit but had a score in the mid 600s. It rocketed to 740 when I bought a car, condo, and started to timely pay back my student loans. In the last 2.5 years (after continuing to pay the aforementioned)...it's only gone up another 21 points. Regardless, anything over 750 has marginal utility in my experiences. That's why I think OP is just trolling or wasting his time...

 

[Red Squirrel]

Each of the 3 major credit beareu's + FICO will give you $10,000 if you hit 850 so they can use your profile in their marketing

Is this true? I can see THAT as being a valid reason. Free 10k for a bit of work? Seems like a good deal to me.

 

[Svnla]

Is this true? I can see THAT as being a valid reason. Free 10k for a bit of work? Seems like a good deal to me.

LOL, no. He is pulling your legs. There is no such thing as free 10K USD.

 

[Tommy2000GT]

take a picture and post it, jesus christ.

why would I need to prove it to people on the internet? all i wanted to know was how to improve my already high score.

 

[Tommy2000GT]

lol you are so cool

thanks but I have other things that make me cool besides my credit score.

 

[IronWing]

I posted my best joke in weeks and no one appreciated it. I has sad.

 

[Train]

I posted my best joke in weeks and no one appreciated it. I has sad.

Took me a 2nd look before I realized you were referencing the shaky camera.

lulz I guess.

 

[jupiter57]

I posted my best joke in weeks and no one appreciated it. I has sad.

Took me a 2nd look before I realized you were referencing the shaky camera.

lulz I guess.

Lulz!!! H**l yeah!
I'm tired, but now that I get it, I'm ROFL!:awe:

 

[Nintendesert]

Damn, I should have listened to Mitt and asked my parents (who have a combined yearly income of under 50k) for a 100k loan so I could go to college and law school and I wouldn't have a slave to debt...why didn't I think of that before this thread?

Or you could have joined JAG and served your country and had your country serve you with financial assistance and even loan forgiveness.

http://www.jag.navy.mil/careers_/careers/compensation.html

:thumbsup:

 

[Tweak155]

I was a 787 when I got my house. Checked rates at a couple places and it plowed my score by 40pts, but not before I already signed for the loan.

2 months later its up another 10pts.

Anything over 760 is fine. I haven't seen any cases where 761+ would get you any better rates. Auto loans are 720, house is 760. What else do you need the best rate for?

 

[angminas]

Again, urban legend and not true. See my post above (#5). If you do not want your old CC to be cancel, use it once in a while and pay it off promptly.

Shrug, I paid off a card and they immediately cancelled it. Actually, I think that happened twice. That was years ago, though...maybe things have changed.

 

[Svnla]

Shrug, I paid off a card and they immediately cancelled it. Actually, I think that happened twice. That was years ago, though...maybe things have changed.

I do not know your financial background, the bank that issued and cancelled your CC, and whether you were a client in good standing with your CC issuer or not but I have links to back me up. Also, see my post above from FICO.com (post #5).

http://www.creditcardchaser.com/yes-you-do-need-a-credit-card/

You do have to be careful. Use the card sparingly, and pay it off when the bill arrives. Be careful never to charge over 30% of your credit limit – less than 25% is even better. Do use the card every 2- 4 months, so that you continually demonstrate your bill paying abilities – and so that you don’t get hit with an inactivity fee.

http://www.wisebread.com/how-to-avoid-getting-your-credit-card-canceled

Non-Use

This is the most prevalent of reasons why your card will be canceled, and also the most avoidable. Charge something to the card every few months (even something very small), pay it off right away, and you can largely avoid this pitfall.

 

[Red Squirrel]

Shrug, I paid off a card and they immediately cancelled it. Actually, I think that happened twice. That was years ago, though...maybe things have changed.

Suppose it's possible based on the card/bank/plan itself but normally as long as you use it you're fine. I never keep a balance on my card for more than a paycheck cycle. No one should. Credit lines have lower interest and are better for long term credit.

 

[Imp]

Suppose it's possible based on the card/bank/plan itself but normally as long as you use it you're fine. I never keep a balance on my card for more than a paycheck cycle. No one should. Credit lines have lower interest and are better for long term credit.

You da dum, yo. You no use da total credit. If u no use all da credit, you no do da living.

...I know people who think like that. Max out the credit card or the credit line, then use the one that isn't maxed out. Interest? What interest? I'll pay it off when I'm dead. Minimum payments FTW!

 

[Svnla]

OP, this article is for you.

http://finance.yahoo.com/news/secrets-of-the-credit-score-superstars.html

Get there, by reaching the ever-elusive 850 FICO score, and the world is yours. You'll enjoy the best interest rates, the choicest insurance options, the most flexibility in negotiating your debts and repayment plans.

At least that's the fantasy.

The reality is that a "perfect" score isn't really even possible, according to Rod Griffin, Experian's director of public education.
"I've personally never met someone with a perfect score," Griffin says, "and it's simply because there's always some level of risk. When you use credit there's always some risk that you won't be able to repay that debt. You may become ill or be in an accident. It's like driving a car; there's always a chance that you could be in an accident due to no fault of your own."
As a result, he says, perfect credit shouldn't be the goal. (Even defining perfection can be tricky, as each of the national credit bureaus calculates scores slightly differently, with maximums that range from 850 to 990.) But achieving an extremely high credit score — generally considered anything north of 800 points — is very much possible for everyday Americans, Griffin says, and can come with some great benefits in terms of lower interest rates and more flexible financing terms.

I would not say it is impossible but just like a test in school, you "could" have a perfect score of 100 but it would not give you any benefit over someone who scored 91 or 92 (in a 10 point scale grade).

 

[NikolaeVarius]

Credit score is worthless. I have a 770 credit score at age 21 and my interests on students loans still suck

I don't even understand why people treat credit score as epeen. It means so little.

 

[pontifex]

32 and my score is over 800. forget the exact amount.

 

[Preyhunter]

But you do NOT have TO carry a balance.

For example, let say I have 5K CC limit and at the closing date, I have a 1K CC balance. Due date is coming and I sign a check/pay online the whole amount of $1K that I owed BEFORE or ON the due date.....==>> all good. I do not have to pay $900 and have a carried over balance of $100.

Amount owed = the percentage of the CC limit that you use. I would not max out anything over 30%, usually 10% or less.

LOL! If you have a credit rating of 800 or more, there's NO WAY you're gonna have a limit of $5k! My 805 gets me limits of $30k or more! Per card! LOL!

 

[Svnla]

LOL! If you have a credit rating of 800 or more, there's NO WAY you're gonna have a limit of $5k! My 805 gets me limits of $30k or more! Per card! LOL!

Did you even bother to read this part in my post?

For example, , let say...

As in hypothesis/example. I do not need to tell my own personal business to the world. You need to get other posters for that.

 

[boomhower]

Credit score is worthless. I have a 770 credit score at age 21 and my interests on students loans still suck

I don't even understand why people treat credit score as epeen. It means so little.

It's more than just raw score, it's also what's in the credit file. Just because you have a high score doesn't make you low risk. Your younger and likely have a thin credit file. You probably don't have a history of paying back credit, that's what shows you are a safe bet. Young folks with good credit scores but not much of a history are called thin files. Good scores but not much to back them up. Only thing that will fix it is time.

LOL! If you have a credit rating of 800 or more, there's NO WAY you're gonna have a limit of $5k! My 805 gets me limits of $30k or more! Per card! LOL!

Limits aren't just based on score, it's also based on income. Someone making $20k isn't going to be given a $30k credit card.

 

[alkemyst]

My goal is to hit 850.

I got to 821 by having a car loan and paying off and paying credit cards in full every month.

Post it up, doubtful you have a real FICO that high.

A car and credit cards are low impact though. Once you own a real house even with good credit it's hard to stay in near 800.

 

[lothar]

Post it up, doubtful you have a real FICO that high.

A car and credit cards are low impact though. Once you own a real house even with good credit it's hard to stay in near 800.

You sure about this?
One of the few things negatively affecting my credit(according to Alliant) is because I don't own a home.

Credit Score Factors affecting your credit score, in order of importance ?
B - 861
September 2012
1. You have no real estate accounts that can be used in determining a credit score.
2. The available credit on your open revolving credit accounts is too low.
3. Your oldest revolving credit account was opened too recently.
4. You have no retail revolving accounts that can be used in determining a credit score.

B - 862
June 2012
Hide Factors
1. You have no real estate accounts that can be used in determining a credit score.
2. The available credit on your open revolving credit accounts is too low.
3. Your oldest revolving credit account was opened too recently.
4. You have no retail revolving accounts that can be used in determining a credit score.

B - 862
March 2012
Hide Factors
1. You have no real estate accounts that can be used in determining a credit score.
2. The available credit on your open revolving credit accounts is too low.
3. Your oldest revolving credit account was opened too recently.
4. You have no retail revolving accounts that can be used in determining a credit score.

B - 854
December 2011
Hide Factors
1. You have no real estate accounts that can be used in determining a credit score.
2. The available credit on your open revolving credit accounts is too low.
3. Your oldest revolving credit account was opened too recently.
4. You have no retail revolving accounts that can be used in determining a credit score.

1.) Yeah, yeah...I'm in the process of doing that and should have one in a year or two. According to them, this is the most important issue.
2.) Not sure what they mean by this...I have a BoA credit card from college with a $3k credit limit on it, an American Express with $3-5k(I think?), a USBank with $25k(maximum allowed), and a PenFed card with $40k(maximum allowed). The first 2 cards I got while I was in college, the last 2 I applied for them 4 months after I got out. How much available credit is enough? Does one need to have a total of $100+k in available credit to be considered good enough?
3.) My oldest account was opened in 2006. That was my first CC and it's still open. How old is considered "old enough"?
4.) Screw store credit cards. I'll stick with PenFed, USBank, and American Express cash rewards. Pure cash or nothing. None of that "points" or "using a store credit card with no rewards" nonsense.

 

[lothar]

LOL! If you have a credit rating of 800 or more, there's NO WAY you're gonna have a limit of $5k! My 805 gets me limits of $30k or more! Per card! LOL!

Lol...All the low limit credit cards I have are from when I was in college.
I never bothered to ask or beg them to increase my credit limit because I don't use those cards that much anyway.

The 2 cards I applied for 4 months after college, I got the maximum limits.

1.) Bank of America Platinum CC, no rewards of any kind. I haven't used or charged anything on that card in over 4 years. It's still open.
2.) American Express...Costco, and all high ticket electronic items for warranty purposes.
3.) 5% cash back in certain categories that I select, 3% in other categories that I select.
4.) 5% gas credited automatically monthly at the end of my statement. No tiers, limits, or points crap of any kind.