I didn't have much credit wheni finished school 6 or 7 years ago.

Just got a new truck a month ago and I got a 849 score.

What I've done.

-always pay bills on time
-bought and paid off a truck
-bought a couple grand in furniture along with a wedding/engagement ring at 0% financing and paid them off early
-mortgage, refinanced more tha two years ago to a 15 year

When I refinanced I was around 700 for a credit score. I finally got a credit card a year and a half ago (they actually freaking declined me when I applied even though I probably make more money than most of their card customers. I also have my mortgage with them and a 6 month emergency fund....went to the branch itself and they took care of me) and I think that's what got my score up to 849. I just pay it off every month. Put basically everything I buy on it since I get cash back from the points every month. If you have discipline credit cards won't be a problem.

This post was edited on 6/27/14 at 12:06 am

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Posted by GenesChin

The Promise Land

Member since Feb 2012

37706 posts

Posted on 6/27/14 at 12:30 am to tylercsbn9

I have 1 years worth of credit basically and have a score of 740 despite having 3 hard pulls in past month

I got a 300$ CC from USAA Bumped up to 1000$ After 6 months plus added 1000$ discover card. Bumped up to 2500$ discover and will bump up USAA next month.
I pay off my statement monthly on auto payment.

My score I imagine will start getting in the near 800s once I start paying off the loans that are deferred as it will expand my credit to installment loans plus revolving debt

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Posted by VABuckeye

Naples, FL

Member since Dec 2007

35604 posts

Posted on 6/28/14 at 2:57 pm to tylercsbn9

quote:
Just got a new truck a month ago and I got a 849 score.

I'm just going to call BS on this one right now.

quote:
The highest credit score one can achieve is the magical FICO number of 850

You need a thicker credit file than what you've described to achieve what is the perfect score.

quote:
Watts: Pay everybody on time, keep your account balances low on credit cards, take on new credit obligations sparingly, and then continue managing credit for a long time. Typically people who score in the mid-800s have been managing credit for at least a couple of decades.

quote:
The longer you’ve had credit, and the older your credit accounts get, the better for your credit score. Credit scores love stability and to break into the 800s, they want to see a history of accounts that have been open for ten years or more.

This post was edited on 6/28/14 at 3:03 pm

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