: What's the highest possible credit rating?



Gary Wells
04-03-10, 03:08 PM
Anybody know what the highest possible credit rating is?
Just curious

ben.gators
04-03-10, 03:20 PM
OK, it depends on which credit score you are asking?
This ma help:
http://www.creditscoring.com/pages/funwithnumbers.htm

If you are asking about main three credit bureaus, consumers score are roughly between 500-840. But nominal scale is broader than this, maybe from 300 to 900. These numbers usually are not published officially by credit bureaus. They just report the score for a given consumer.

Jesda
04-03-10, 03:28 PM
Mine, because a credit rating of 100 means you have a 100% credit score.

Stingroo
04-03-10, 03:35 PM
850 is the highest, and 300 is the lowest.

(I signed up for the freecreditreport.com free trial with a dummy email for shits and giggles... it actually teaches you some interesting things, but it isn't worth paying for)

Gary Wells
04-03-10, 03:57 PM
Not to be disagreeable, but I think that the 850 is actually 860, at least as reported by the big three. But I do appreciate the info.

I think that by the big three, you are given 2 ratings, one on top of the other, and the one on top being the one to go by. At least, that's what i have been told.

Stingroo
04-03-10, 04:19 PM
Hmm... I looked into it, there seem to be like 10 different figures "guesstimated".


Figures we can't get a concrete answer on this. I figure if I'm over 700 I'm decent. lol

dkozloski
04-03-10, 11:24 PM
Highest possible FICO score is 850. I've never seen a score below 840 with no negative comments ever in 70 years and I've never written an NSF check.

Advice to the young guys. Don't write rubber checks and pay your bills on time even if you suspect it will kill you.

Gary Wells
04-04-10, 08:16 AM
Again, not to be argumentative, but I believe that mine was 858 when I asked the salesman to do a check on mine last year when I bought the Caddy, and I suspect that it's still the same today. I will locate my paperwork and verify. I thought that perfect FICO was 860.

billc83
04-04-10, 10:48 AM
Highest possible FICO score is 850. I've never seen a score below 840 with no negative comments ever in 70 years and I've never written an NSF check.

Advice to the young guys. Don't write rubber checks and pay your bills on time even if you suspect it will kill you.

That's probably the best financial advice to give. People don't realize that even just ONE late payment can set your credit score back.

I was lucky, though it didn't seem it at the time, to not get a credit card until I was 19 or 20. It wouldn't have been good if I had one as a teenager.

dkozloski
04-04-10, 11:41 AM
Again, not to be argumentative, but I believe that mine was 858 when I asked the salesman to do a check on mine last year when I bought the Caddy, and I suspect that it's still the same today. I will locate my paperwork and verify. I thought that perfect FICO was 860.
In reality, every credit reporting agency has a different scale they work with. Even the Treasury Department quotes differing ranges.

Jesda
04-04-10, 07:27 PM
A briefly bounced check doesn't normally ding your credit unless you blow it off let it go to collections.

orconn
04-04-10, 07:42 PM
^^^ I wouldn't depend on that bit of information, with the banks out to get your last nickle in fees I wouldn't count on them over looking a possible credit ding like a bounced check and alerting all your creditors so that they can adjust your interest rates as high as they can now legally go.

ewill3rd
04-04-10, 07:45 PM
I sometimes am amazed, I was looking online for something like a bank rating on epinions or something and people kept complaining about overdraft fees and how companies handle them... I am just amazed.

In an age where you can tell your balance from any internet connected computer or any one of two hundred ATM machines that you pass each day people actually bounce checks on a regular basis? Really? It's that hard?

I mean granted, I have had a few "accidents" but being in good standing with my bank all it usually takes is an email or phone call for them to reverse the charges.
I won't broadcast my credit score, don't need anyone seeking my info out to take advantage. It's good enough to get me what I need.

I'd avoid freecreditreport.com also.
The name is bait. You are entitled now to get a free credit report but that particular website gathers info and they will start billing you the first month afterwards.
All it took was an email to get my money refunded but it was still a pain.
I used to use a service when one of my banks had an incident of their own and they provided credit monitoring for a year.
I forget who it was. I think it was Identity Guard. It was a good service but I won't pay the monthly fees. I keep tight wraps on my personal info and I check it regularly so...

Ranger
04-04-10, 09:50 PM
I can check my credit rating anytime for free from my credit union.

Krashed989
04-04-10, 11:56 PM
It differs between bureaus... The highest I've seen was a credit score of 990 (which was the highest you can get at that bureau, don't remember which one it was though).

EChas3
04-08-10, 11:56 PM
I sometimes am amazed, I was looking online for something like a bank rating on epinions or something and people kept complaining about overdraft fees and how companies handle them... I am just amazed.

In an age where you can tell your balance from any internet connected computer or any one of two hundred ATM machines that you pass each day people actually bounce checks on a regular basis? Really? It's that hard?

I mean granted, I have had a few "accidents" but being in good standing with my bank all it usually takes is an email or phone call for them to reverse the charges.

You have no idea how some people run their accounts. People may criticize bank's fees but would you rather pay a $35 NSF paid fee or a $50 late charge on your mortgage? That NSF fee doesn't ever get reported to Credit Bureaus. A late payment does. (I've got 30 years in bank data processing.)

Banks aren't molesting people like the payday loan operations.

Half of bank customers even open their statements. Probably 1/4 of those balance their accounts.