Mid Score: 740 (can only get real #'s on First Union & Equifax) Experian doesn't allow users to see their "real" FICO (not FAKO) scores anymore.
With that said .... I was at 580 in early 2010.
I have zero debt (minus a personal mortgage), but my credit history is still quite young (I'm 26) I have $40k - $45k in revolving credit lines that I don't use, and my AAoA (Average Age of Accounts) is about 3 years.
I'm hoping by the time I'm 30, I'll be up to the 800's :)
580 to 740 in a year is great--you could be a guru!
What else did you do to improve it so much?
Thanks Jon ....
I was able to take everything I learned on myfico.com and apply it. With a little bit of luck, timing, and perserverance, I was able to get it done. Myfico = much like BiggerPockets except for Credit Repair. A wealth of great info.
Total Cost: $20-25 in paper and stamps and about $500 - $1000 to settle with several creditors. Nothing more. Letters were sent out weekly, and not once did I ever try and dispute anything on my CR.
DIY Credit Repair is soooo simple. It took me about 2-3 months of research before I started. Once I started, it took about 5-6 months to get all negative info off my reports.
The Things That Worked:
1) Good Will (GW) Letters
2) Pay For Deletes (PFD)
I encourage anyone who needs to clean up their credit, find a good credit information site like myfico, and get started. you'll be amazed at was a simple delete of a 30 day late can do ....
Very high 700's.
Have no debt except for 3 home loans.
Been in that range for years - even for the couple years I played the 0% credit card game (had over 100K of 0% no fee money from credit cards earning around 5% in various savings accounts).
That game is dead now, was fun while it lasted though.
The peak - at least that coincided with me getting a credit report - was 800 even around August 09. But it's been hovering in the high 700's (775-795) since at least 2006.
As far as I know my highest was 805 about 3 or so years ago. Mine has since dipped to about 770 with extra debt on my balance sheet that I have signed for.
There are people on the fico.com forums that play all sorts of games to optimize their scores. My parents had scores around 820ish, but that is the highest I have heard of. It is hard for me to imagine people having better credit than they do.
850 is the limit, but my suspicion is that things get much harder as you approach that limit.
I only track mine when I am getting ready to borrow. Most recently, high 790's. Seems like a common score in this thread. A few years ago when I relied too heavily on plastic to finance my business, it got down into the mid 600's.
Mid Score: 740 (can only get real #'s on First Union & Equifax) Experian doesn't allow users to see their "real" FICO (not FAKO) scores anymore.
With that said .... I was at 580 in early 2010.
I have zero debt (minus a personal mortgage), but my credit history is still quite young (I'm 26) I have $40k - $45k in revolving credit lines that I don't use, and my AAoA (Average Age of Accounts) is about 3 years.
I'm hoping by the time I'm 30, I'll be up to the 800's :)
Mid Score: 740 (can only get real #'s on First Union & Equifax) Experian doesn't allow users to see their "real" FICO (not FAKO) scores anymore.
With that said .... I was at 580 in early 2010.
I have zero debt (minus a personal mortgage), but my credit history is still quite young (I'm 26) I have $40k - $45k in revolving credit lines that I don't use, and my AAoA (Average Age of Accounts) is about 3 years.
I'm hoping by the time I'm 30, I'll be up to the 800's :)
580 to 740 in a year is great--you could be a guru!
Mid Score: 740 (can only get real #'s on First Union & Equifax) Experian doesn't allow users to see their "real" FICO (not FAKO) scores anymore.
With that said .... I was at 580 in early 2010.
I have zero debt (minus a personal mortgage), but my credit history is still quite young (I'm 26) I have $40k - $45k in revolving credit lines that I don't use, and my AAoA (Average Age of Accounts) is about 3 years.
I'm hoping by the time I'm 30, I'll be up to the 800's :)
580 to 740 in a year is great--you could be a guru!
What else did you do to improve it so much?
Thanks Jon ....
I was able to take everything I learned on myfico.com and apply it. With a little bit of luck, timing, and perserverance, I was able to get it done. Myfico = much like BiggerPockets except for Credit Repair. A wealth of great info.
Total Cost: $20-25 in paper and stamps and about $500 - $1000 to settle with several creditors. Nothing more. Letters were sent out weekly, and not once did I ever try and dispute anything on my CR.
DIY Credit Repair is soooo simple. It took me about 2-3 months of research before I started. Once I started, it took about 5-6 months to get all negative info off my reports.
The Things That Worked:
1) Good Will (GW) Letters
2) Pay For Deletes (PFD)
I encourage anyone who needs to clean up their credit, find a good credit information site like myfico, and get started. you'll be amazed at was a simple delete of a 30 day late can do ....
I'm a strong believer in proof, so here you go :-)
Just took a snapshot of my monitoring software (I use usaa.com credit monitoring)
It can only display a year from the current date, and I last updated it on Tuesday. So, here you go. I started about 2-3 months before this graph shows (Dec 2009). Within 2-3 months it jumped about 50-55 points (to 630), and within another 3-4 months, jumped up to 761 (130 point jump). Now I sit at right about 740ish ....
Results/Summary:
Dec 2009: 580 (average)
Feb 2010: 630 (average)
April/May 2010: 760 (average)
Currently: 740ish
Have had a few inq's, and opened up some new CC's (trade lines) dropping my average age of accounts
Lastly, if anyone has any questions, or needs help, don't hesitate to PM me. I'm no Guru, I just know what it was like at the bottom. I can help point you in the right direction (free of charge of course -- haha)
Nice info Steve...can you point us to any star threads on Myfico.com? I would be interested in learning more about optimizing things and/or disputing inquiries.
I refinanced my house 6 months ago and my mid score was 806.
Im also a loan officer for 9 years and I think the highest single score i've seen was 830. Never seen anything below the low 400's. Getting to 380 is probably about as hard as getting over 820.
I just checked my fico. I have extremely low debt to income ratio. 4 fully paid for houses and only one credit card with less than 2000 on it. So why is my credit score only 780?
I thought for sure, I would be at 800.
Could it be that since I paid off my mortgage 3 years ago, I hurt myself?
The vagaries of the scoring model are crazy to me. My score actually went up when I bought some more property which seems completely counterintuitive to me.
Brian & Andy - Yes, it was very impressive. I remember them having a BK, a ton of collections, a few judgement, and every tradeline derogatory. Really not too out of the ordinary to have those items on peoples reports back in the sub-prime days. I have no idea how their score got so low. Everyone in the office had to see it.. it was a first and last time to see anything in the 300s.
Jon - Not quite, at least with the bank I was working for. It would usually take a score of 580+ to get an even semi decent rate (unless you had a very, very low LTV)