So if all you had was a late payment or collections account, you could attain that 850 credit score by maintaining good credit habits and waiting for that seven- to 10-year clock to run out. Most negative information on your credit history remains there for seven years, but Chapter 7 bankruptcy is an exception at up to 10 years. Luckily, credit is self-healing with time and some effort on your end. If you had a late payment or other negative information added to your credit report, you may think that a perfect credit score is unattainable. Can you attain an 850 credit score with bad credit or no credit? So while that 850 credit score is definitely a laudable achievement, you should receive the same treatment from credit card companies and lenders if your FICO credit score lands anywhere between 760 and 850. Plus, in most cases, a 760 credit score is plenty to earn you the best interest rates and terms on all types of credit, including credit cards, personal loans, car loans and more, according to Experian. Generally, lenders make no distinction between a borrower with a score of 800 and one with a score of 850. However, with the natural ebb and flow of credit scoring and the reporting differences between the three major credit bureaus, maintaining this high credit score at all times would be difficult, if not impossible.įortunately, a perfect credit score isn't required to get the best interest rates and financing terms. In fact, a 2019 Experian survey found 1.2% of Americans had an 850 FICO score, and that percentage increased to 1.6% in 2021. Is an 850 credit score attainable and beneficial?Īn 850 credit score - a virtually perfect credit score - is indeed attainable. The FICO 8 scoring model has a credit score range of 300 to 850, making an 850 credit score the highest you can attain. And the FICO 8 scoring model is the most popular among the FICO scores. lenders use FICO® scores when determining creditworthiness, making it the most common scoring model. What's the highest possible credit score? This is true, but with so many credit scoring models out there, what is the highest possible credit score you should aim for and how do you attain it? We'll cover this, whether or not the highest credit score is essential and more below. If good credit opens those possibilities, then having the highest possible credit score must open even more financial doors. Having good credit opens a world of possibilities, including homeownership, the ability to finance a car and the financial flexibility having a credit card offers.
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