How I got the highest credit score — and will it work for you?

How I got the highest accredit score — and will it work for you ? prototype : Young man smiling because he has the highest credit score, and can teach you how to get your fico sexual conquest and early credit scores. A arrant credit score international relations and security network ’ deoxythymidine monophosphate necessary to get the best possible lending terms but it ‘s an impressive benchmark that few people meet. Two wizards of credit give tips on how they got the highest potential credit sexual conquest. column note : Credit Karma receives compensation from third-party advertisers, but that doesn ’ metric ton affect our editors ’ opinions. Our third-party advertisers don ’ thymine review, approve or endorse our column contented. It ’ sulfur accurate to the best of our cognition when posted.

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What do people with perfect credit scores and the Loch Ness monster have in common? Most people can’t decide if they actually exist.

While we don ’ t know about the baffling aquatic animal in Scotland, we do know there are humans out there who have reached credit-score nirvana .
For most credit-scoring models, including VantageScore 3.0 and FICO, the highest credit score possible is 850 .
We were able to speak to two Americans who belong to the exclusive FICO 850 Club : Brad Stevens of Austin, Texas, and John Ulzheimer of Atlanta. Both proudly showed off computer screenshots proving they ’ ve reached the pinnacle of credit seduce .
“ many people are disbelieving that 850 is attainable. But it surely is, ” says Ulzheimer, who is president of the united states of The Ulzheimer Group and a nationally recognized credit technical .

Tips to get a high credit score

For years, it ’ mho been widely reported that fewer than one percentage of american adults have a FICO credit score of 850 .
so, how did Stevens and Ulzheimer wax to the top of the credit-score batch ? Both of them say it was a dense trek that was aided by creditworthy handle of debt .
Ulzheimer says some of the control over your credit rests with you, while some of the control is out of your hands .
just like a professor who grades your college coursework, credit-scoring models grade you on your credit action. so while you might think you deserve a perfective mark, the professor — or in this event, the credit-scoring model — has the final allege over your degree .

How do you improve your credit?

There ’ s no quick fix. Improving your credit health takes time, but the most significant behaviors can be summed up as this : Pay your bills on time ( and if potential, in wide ) and reduce the come you owe. It besides helps to check your credit reports regularly and dispute any errors you see, such as a collections account that hasn ’ thymine been removed from your reports after seven years from the original delinquency date .
Based on the experiences of Stevens and Ulzheimer, what follows are some things you can do to aim for the FICO 850 cross off ( or at least improve your credit ).

Keep in beware, though, that their circumstances are alone, and what they ’ ve done to achieve a FICO 850 score might not work for you .
here ’ s the advice they gave :

Nothing negative can show up on your credit reports. One example : You can ’ t have a unmarried recently requital on a credit card report. Payment history accounts for 35 percentage of a FICO credit score .

• Almost none of your accounts can be carrying a balance. In early words, credit card debt must be near zero. The measure of debt you owe makes up 30 percentage of a FICO accredit seduce .

• Your credit history must stretch over many years. A 2011 study by SubscriberWise, a credit report agency for the communications diligence, found the average length of a credit history for person with an 850 FICO score was 30 years. Ulzheimer says some people just can ’ metric ton ascend to 850 yet because their credit history international relations and security network ’ thymine old enough, “ even if they do everything else right. ” Length of credit rating history accounts for 15 percentage of a FICO credit score .

You ’ ll want to “ max out ” each of those components to pull off a arrant 850, therefore making the tax difficult, Ulzheimer says .

It’s not necessary to have a perfect score

Ulzheimer says his FICO credit score has hit 850 off and on for the by five to seven years. That accomplishment became easier once his credit history passed the 20-year milestone, he says. Yet Ulzheimer notes he hasn ’ t been striving for perfection with his accredit mark – he just knows the right behaviors for managing his citation well .
Unlike Ulzheimer, Stevens says racking up a perfect FICO recognition score of 850 has been his goal for a few decades .
“ As many do in their 20s, I experienced fiscal instability and suffered some setbacks that greatly impacted my credit rating scores. That credit besides limited my economic tractability, ” says Stevens, managing partner of a secret car servicing in Austin .
He adds : “ As I grew older, I became more aware of how good credit opened opportunities for advancing and enhancing my life. So I continued to work on getting an ever-better score. After a while, it not only became a finish but … a total obsession. ”
But Ulzheimer says obsess over how close your FICO citation score is to 850 doesn ’ thymine inevitably pay off. Why ?
Ulzheimer says an 850 FICO score international relations and security network ’ triiodothyronine needed to gain the best interest rates or APRs on accredit cards and loans. In fact, he adds, there ’ s not a lot deviation in that respect between, say, 800 and 850. More than anything else, arriving at 850 merely gives you “ bragging rights, ” Ulzheimer says .
“ angstrom long as your scores are above 760, you are likely going to get the best deals, ” Ulzheimer says.

Bottom line

Achieving a perfect credit score international relations and security network ’ t necessary, but checking your accredit scores and reports is. If you ’ re not tracking your credit on a regular footing, then you don ’ metric ton know whether your scores are heading in the right — or wrong — steering .
Want to see your VantageScore 3.0 credit rating scores for release ? At no monetary value, you can see them from two major credit chest of drawers, Equifax and TransUnion, on Credit Karma .
About the author: John Egan is a blogger, content marketer and freelance writer in Austin, Texas. He is former editor in chief at Austin-based startup LawnStarter, and he previously worked at the Austin Business Journal, Bankrate and S… John Egan is a blogger, content seller and freelance writer in Austin, Texas. He is former editor in foreman at Austin-based inauguration LawnStarter, and he previously worked at the Austin Business Journal, Bankrate and S… Read more.

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