Answered: How do I get a 900 credit score? | Join the Discussion Now (2024)

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Answered: How do I get a 900 credit score? | Join the Discussion Now? ›

But, for a general credit score, getting a 900 is not possible or relevant. If you are looking to get the perfect score of 850, simply maintain good credit behavior by keeping your credit balances low, paying all your bills on time, and keeping debt as low as possible.

At first, the VantageScore used a very different scoring range, 501–900, but in 2013 it changed its range to be the same as FICO: 300–850. Both use similar scoring factors, although the VantageScore places more weighting emphasis on the length of an individual's credit history.

As of the third quarter of 2023, 1.54% of U.S. consumers had a FICO Score of 850, according to Experian data. Some notable traits of consumers with a perfect credit score include an above average number of credit cards, lower credit utilization rate and lower than average total debt.

There's no single, specific credit score that will automatically qualify you for a mortgage (though having the maximum score of 850 certainly never hurts).

What is the average credit score? The average FICO credit score in the US is 717, according to the latest FICO data. The average VantageScore is 701 as of January 2024.

Who has the highest credit score in history? ›

Pavelka, 56, has a credit score of 848 out of 850. The letter he got from the credit bureau recently said his score "ranks higher than 100 percent of U.S. consumers." That makes Pavelka a financial anomaly. While an 848 isn't a perfect score, it's as high as most experts have ever seen.

Membership in the 800+ credit score club is quite exclusive, with fewer than 1 in 6 people boasting a score that high, according to WalletHub data.

According to a report by FICO, only 23% of the scorable population has a credit score of 800 or above.

The time it takes to raise your credit score from 500 to 700 can vary widely depending on your individual financial situation. On average, it may take anywhere from 12 to 24 months of responsible credit management, including timely payments and reducing debt, to see a significant improvement in your credit score.

It might also be hard to achieve an 800 credit score until you have a mix of credit under your name. This doesn't mean you should take out a mortgage or a car loan just to get your credit score over 800, but if the only credit accounts on your file are credit cards, you might struggle to reach that 800 credit score.

Yes, there are people out there who have a 300 credit score, though this is fairly rare. A score this low would be the result of many significant negative items in a borrower's credit history. People with scores this low are considered subprime or deep subprime borrowers.