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My FICO Score hit 850 for the first time today.

kayvebear

By kayvebear,
in Credit Forum

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The last post in this topic was posted 2787 days ago. 

 

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kayvebear

kayvebear

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I wrote this post below just now and posted it on Facebook for the first time. I've never really made my credit journey public (outside of CB), but hitting 850 inspired me to do so today. I never really thought I would hit 850 (not so soon anyways), and unsure what made the algorithms decide to do so today but I will take it.

 

Hit 850 on TU Fico 9. (Navy Federal gave me the free score).

 

Thanks as always CB. Couldn't have done it without you.

 

Here is the post I made on FB:

 

"This post is partially a brag, but it is mostly to help inspire anyone out there who has destroyed their credit.

 

Today my FICO score hit a perfect 850 out of 850 for the first time. A score that FICO claims only .0001% of people will ever attain.

 

In 2011, my car was stolen from the front of my house while I slept. I had just made the final payment on it the month prior. Even worse than having my car stolen (a terrible feeling), I was unable to secure financing for a new vehicle. My credit score was in the low 500's, and no one wanted to lend me a single penny. I had many late payments, charge offs, collections, you name it. I had a few low limit credit cards with horrific interest rates, and they were of course all maxed out.

 

Long story short, I was finally able to get a predatory loan on a new (used) car at 18.99% interest. It was a Chocolate Goodness, humiliating experience.

 

I decided that I couldn't live like that anymore, and that it was time to fix my credit. I found www.creditboards.com which is a completely free online resource / community of people who are fixing their own credit, and helping others do the same. It was a lot of hard work, and required a lot of time and energy especially those first two years…. But it became like a game, and then became fun. Games can be won.

 

I won't bore you all the details... but I will tell you that fixing my credit absolutely changed my life. You get the best interest rates imaginable whether it be a car, mortgage, etc. You are always first in line on a rental application. You get incredible credit card sign up bonuses, free first class flights, yada yada yada. It also gives you the ability to fund and finance any entrepreneurial dreams you may have.

Most importantly you get to ditch the shameful feeling that I used to feel (and I am sure some of you do too) when your card is declined at the grocery market or your credit application is declined.

 

For a few years now I have been helping any friends and family that ask for it with fixing their credit. I offer the same to all of my FB friends as well. The truth is everything you need is on the creditboards web site, and it will come down to your effort in the end ... but I will help along the way however I can.

 

Good luck to all of you future credit ninjas. Take control of your credit. You won't regret it <3

 

- Michael"

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kayvebear

kayvebear

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I never really thought I would hit 850 (not so soon anyways), and unsure what made the algorithms decide to do so today but I will take it.

Chase 5/24 rules and AMEX 1 bonus/lifetime is what made you hit 850. :D

 

Kongrats!

 

 

Didn't think of that but you are probably right ! :P lol.

 

I've actually never cashed in on Amex bonuses. Never had a plat card etc. Someday

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Konrad2012

Konrad2012

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I never really thought I would hit 850 (not so soon anyways), and unsure what made the algorithms decide to do so today but I will take it.

 

Chase 5/24 rules and AMEX 1 bonus/lifetime is what made you hit 850. :D

Kongrats!

Didn't think of that but you are probably right ! :P lol.

 

I've actually never cashed in on Amex bonuses. Never had a plat card etc. Someday

Of course I'm right. If I'm not sure of something I'll keep my trap closed or give a disclaimer ;)

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hdporter

hdporter

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0.0001% is 1/1,000,000 if my math is right. It's much greater than that. I've hit 850 once in a while too, so it can't be that exclusive.

 

That is correct. FICO claims that only .0001% of people have a 850 FICO, which is 1 in 1 million.

 

 

 

No. Reload your search. It's estimated that there are about 1 million consumers with 850 FICO'S.

 

Anecdotal evidence here should have you doubting any source that reports an incidence of only 1 in a million.

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Burgerwars

Burgerwars

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0.0001% is 1/1,000,000 if my math is right. It's much greater than that. I've hit 850 once in a while too, so it can't be that exclusive.

That is correct. FICO claims that only .0001% of people have a 850 FICO, which is 1 in 1 million.

 

No. Reload your search. It's estimated that there are about 1 million consumers with 850 FICO'S.

 

Anecdotal evidence here should have you doubting any source that reports an incidence of only 1 in a million.

One in a million can never be correct. I'm estimating that 200 million people in the U.S. may have a credit history, so that would mean only 200 have 850, or four people for every state. It isn't that rare, especially since many people on CreditBoards have 850.

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Tyra

Tyra

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0.0001% is 1/1,000,000 if my math is right. It's much greater than that. I've hit 850 once in a while too, so it can't be that exclusive.

 

That is correct. FICO claims that only .0001% of people have a 850 FICO, which is 1 in 1 million.

 

Congrats!

 

https://www.bloomberg.com/news/features/2017-08-14/obsessives-have-cracked-the-perfect-fico-credit-score-of-850

"Some 200 million U.S. consumers have FICO credit scores, while just under 3 million, or about 1.4 percent, have perfect 850s."

 

"Members of the 850 Club can be broken into two groups. There are the super-knowledgeable tacticians trying to crack scoring algorithms, and the naturally prudent. Some are prepping for a loan. Others are just credit-score hobbyists."

Edited by Tyra
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