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highest credit score

toadmaster

By toadmaster
in Credit Forum

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gemi

gemi

Posted
Posted
whats the highest credit score, anyone has ever heard of.  My close friend said his score is 980 and his father's is 1000

 

980.......Just when you thought you had seen everything.

 

850 max for FICO. Some scoring models score upto 950 I have heard and read in some threads.

 

BUT 980 and 1000.............

 

 

MARV, we need your input on this one............

  • Admin
MarvBear

MarvBear

Posted
  • Admin
Posted

here is a good one!

 

--------------------------------------------------------------------------------------------
S P E C I A L  M E S S A G E S
***TRANS-ALERT: INPUT CURRENT ADDRESS HOUSE NUMBER MISMATCH***                              
--------------------------------------------------------------------------------------------
M O D E L   P R O F I L E
***FICO RISK SCORE, CLASSIC AUTO 04   :     SCORE +845      FACTORS  030/014/003/010:
--------------------------------------------------------------------------------------------
C R E D I T   S U M M A R Y              * * * T O T A L  F I L E  H I S T O R Y
PR=0   COL=0   NEG=0   HSTNEG=0-0 TRD=39  RVL=27  INST=6   MTG=6   OPN=0   INQ=6  
             HIGH CRED  CRED LIM  BALANCE   PAST DUE  MNTHLY PAY AVAILABLE
REVOLVING:    $39.4K     $168.2K   $4093     $0        $109       98%
INSTALLMENT:  $15.4K     $0        $10.0K    $0        $243       0%
MORTGAGE:     $212.8K    $0        $177.8K   $0        $1133      0%
CLOSED W/BAL: $0         $0        $0        $0        $0         0%
TOTALS:       $267.6K    $168.2K   $191.9K   $0        $1485      0%
--------------------------------------------------------------------------------------------

  • Admin
MarvBear

MarvBear

Posted
  • Admin
Posted

The total number of revolving accounts AND the percentage of avaliable credit on those accounts are IMO the single highest contributing factor to that persons score being so high.

 

Secondarily a big contributing factor are the # of mortgage accounts which I also believe contribute to the high score of this consumer.

TrevorHere

TrevorHere

Posted
Posted
Damn!  :aggressive: Nice score!

However, 39 TL's of which 27 are revolving.. That is a lot (IMHO)

 

Scores don't decrease as the number of credit lines increase. i.e. a person can have 50+ lines and still have a high score. What matters is the % utilization on those lines...

gemi

gemi

Posted
Posted
Damn!  :( Nice score!

However, 39 TL's of which 27 are revolving.. That is a lot (IMHO)

 

Scores don't decrease as the number of credit lines increase. i.e. a person can have 50+ lines and still have a high score. What matters is the % utilization on those lines...

 

Excessive available credit limits......could that be a factor?

joshbgosh

joshbgosh

Posted
Posted
Damn!  :blink: Nice score!

However, 39 TL's of which 27 are revolving.. That is a lot (IMHO)

 

Scores don't decrease as the number of credit lines increase. i.e. a person can have 50+ lines and still have a high score. What matters is the % utilization on those lines...

 

Excessive available credit limits......could that be a factor?

 

 

what do you mean? the scores are good...what do you mean "factor"

  • Admin
MarvBear

MarvBear

Posted
  • Admin
Posted

In the above report that I copied the reason codes are:

 

030-Time since most recent account opening is too short

014-Length of time accounts have been established

003-Proportion of loan balances to loan amounts is too high

010-Proportion of balances to credit limits on bank/national revolving or other revolving accounts is too high

TrevorHere

TrevorHere

Posted
Posted
Damn!  :blink: Nice score!

However, 39 TL's of which 27 are revolving.. That is a lot (IMHO)

 

Scores don't decrease as the number of credit lines increase. i.e. a person can have 50+ lines and still have a high score. What matters is the % utilization on those lines...

 

Excessive available credit limits......could that be a factor?

 

Excessive available limits is not going to lower your score. However select lenders may not want to extend more credit to someone to whom they feel already has a enough according to their qualifications. However for someone who has low utilization, this likely won't be an issue.

gemi

gemi

Posted
Posted
Damn!  :good: Nice score!

However, 39 TL's of which 27 are revolving.. That is a lot (IMHO)

 

Scores don't decrease as the number of credit lines increase. i.e. a person can have 50+ lines and still have a high score. What matters is the % utilization on those lines...

 

Excessive available credit limits......could that be a factor?

 

 

what do you mean? the scores are good...what do you mean "factor"

 

 

I mean just that. Can excessive available credit limit be a negative factor or not?

 

In the above case...27 revolving TLs with 168K limit.....I dont see where it says 27 are open......"IF" they are all open it is an average of 6k per TL 168/27.......I would really like to know how many open revolving TLs the person had.......or what is his average CL....how long has he/she had these......how old is the history.......there has to be more to it than just the numbers in the chart.

 

We dont know if this person has excessive available credit limits.....may be 168k in revolving lines is not that excessive for his type of profile........But not in George's case. He always says that "excessive available credit limits" is a negative factor in his FICO report. We all know what kind of limits he is talking about.

 

Should we all jump and get 27 open Tls. IMHO Lets first find out if that person has all 27 currently open, for how long and what limits.

 

So I agree with Trevor that UTILIZATION matters more. BUT I also think that having toooooo much available credit may not be healthy for FICO. 168k is not too much. For some 500K or 1M may be too much.

 

I may be wrong.........if I am, correct me..........discuss it ......dont take it personally.

gemi

gemi

Posted
Posted
Damn!  :good: Nice score!

However, 39 TL's of which 27 are revolving.. That is a lot (IMHO)

 

Scores don't decrease as the number of credit lines increase. i.e. a person can have 50+ lines and still have a high score. What matters is the % utilization on those lines...

 

Excessive available credit limits......could that be a factor?

 

Excessive available limits is not going to lower your score. However select lenders may not want to extend more credit to someone to whom they feel already has a enough according to their qualifications. However for someone who has low utilization, this likely won't be an issue.

 

I hope so Trev, I will be happy if it didnt. Planning to get some nice limits myself, just wanted to clarify........Isnt that one of George's reasons for a low FICO score besides the fact that he has 30 year old perfect credit history.

  • Admin
MarvBear

MarvBear

Posted
  • Admin
Posted

here is the entire report properly devoid of personal information. Figure out how many are open or closed.

 

         	 
                              TRANSUNION CREDIT REPORT
<FOR>      <SUB NAME>            <MKT SUB>       <INFILE>        <DATE>           <TIME>
(A)02xxxxxx Automotive dealer     xx CH           10/80           xx/xx/xx         xx:xx:xx

<SUBJECT>                                                   <SSN>           <BIRTH DATE>
Name Deleted                                               xxx-xx-xxxx      xx/xx
<ALSO KNOWN AS>                                                             <TELEPHONE>
                                                                           xxx-xxxx      

<CURRENT ADDRESS>                                                           <DATE RPTD>
Address deleted                                                             11/04
<FORMER ADDRESS>
Former address deleted                                                      /  

--------------------------------------------------------------------------------------------
S P E C I A L  M E S S A G E S
***TRANS-ALERT: INPUT CURRENT ADDRESS HOUSE NUMBER MISMATCH***                              
--------------------------------------------------------------------------------------------
M O D E L   P R O F I L E
***FICO RISK SCORE, CLASSIC AUTO 04   :     SCORE +845      FACTORS  030/014/003/010:
--------------------------------------------------------------------------------------------
C R E D I T   S U M M A R Y              * * * T O T A L  F I L E  H I S T O R Y
PR=0   COL=0   NEG=0   HSTNEG=0-0 TRD=39  RVL=27  INST=6   MTG=6   OPN=0   INQ=6  
             HIGH CRED  CRED LIM  BALANCE   PAST DUE  MNTHLY PAY AVAILABLE
REVOLVING:    $39.4K     $168.2K   $4093     $0        $109       98%
INSTALLMENT:  $15.4K     $0        $10.0K    $0        $243       0%
MORTGAGE:     $212.8K    $0        $177.8K   $0        $1133      0%
CLOSED W/BAL: $0         $0        $0        $0        $0         0%
TOTALS:       $267.6K    $168.2K   $191.9K   $0        $1485      0%
--------------------------------------------------------------------------------------------
T R A D E S
SUBNAME         SUBCODE    OPENED    HIGHCRED  TERMS      MAXDELQ    PAYPAT     1-12     MOP
ACCOUNT#                   VERFIED   CREDLIM   PASTDUE    AMT-MOP    PAYPAT    13-24
ECOA  COLLATRL/LOANTYPE    CLSD/PD   BALANCE   REMARKS                    MO   30/60/90

CHASE           B xxxxxxxx 12/01     $952      MIN10                 111111111111       R01
                          09/05A    $8000     $0                    111111111111       
I     CREDIT CARD                    $193                                 45   00/00/00   

THD/CBUSA       B xxxxxxxx 12/02     $83                             111111111111       R01
                          09/05A    $20K      $0                    111111111111       
I     CHARGE ACCOUNT       08/05P    $0                                   38   00/00/00   

GEMB/JCP        B xxxxxxxx 10/76     $737                            111111111111       R01
                          09/05A    $5000     $0                    111111111111       
I     CHARGE ACCOUNT       07/05P    $0                                   48   00/00/00   

SUNTRUST MTG    B xxxxxxxx 04/99     $120K     360M584               11111X111111       M01
                          09/05A              $0                    X1X111X1X111       
C     CONVENTIONAL REAL ES           $85.9K                               48   00/00/00   

CHASE           B xxxxxxx  07/90     $11.8K    MIN59                 111111111111       R01
                          09/05A    $20K      $0                    111111111111       
I     CREDIT CARD                    $2952                                48   00/00/00   

WELLS FARGO     B xxxxxxx  10/04     $0                              11111111111        R01
                          09/05A    $9000     $0                                       
I     CREDIT CARD                    $0                                   11   00/00/00   

MBNA AMERICA    B xxxxxxx  10/98     $12.2K    MIN15                 11XXXXX11XXX       R01
                          09/05A    $12.6K    $0                    XXXXXXXXXXX1       
I     CREDIT CARD                    $43                                  48   00/00/00   

TNB-VISA        D xxxxxxx  11/99     $183                            111111111111       R01
                          09/05A    $9000     $0                    111111111111       
I     CREDIT CARD          03/05P    $0                                   47   00/00/00   

MBNA AMERICA    B xxxxxxx  07/96     $4250     MIN15                 XXXXXXXXXX11       R01
                          09/05A    $12.4K    $0                    XX1111111111       
I     CREDIT CARD                    $99       ACCT CLSD BY CONSUMER      48   00/00/00   

CBUSASEARS      B xxxxxxx  08/74     $1285                           111111111111       R01
                          09/05A    $12.1K    $0                    111111111111       
I     CREDIT CARD          07/05P    $0                                   48   00/00/00   

WF HME MRTG     B xxxxxxx  10/04     $92.8K    360M549               1111111            M01
                          09/05A              $0                                       
I     FRD xxxxxxxxx/CONVEN           $91.8K                               07   00/00/00   

GEMB/WALMART    D xxxxxxx  01/76     $2843     MIN10                 111111111111       R01
                          09/05A    $11K      $0                    111111111111       
I     CHARGE ACCOUNT                 $306                                 48   00/00/00   

SUNCOAST CU     Q xxxxxxx  05/03     $15.4K    72M243                111111111111       I01
                          08/05A              $0                    111111111111       
I     AUTOMOBILE                     $10.0K                               28   00/00/00   

CITIFINANCIA    F xxxxxxx  06/05     $608                            111                R01
                          08/05A    $7500     $0                                       
I     CHARGE ACCOUNT                 $500                                 03   00/00/00   

TNB-TARGET      D xxxxxxx  11/99     $167                            111111111111       R01
                          07/05A    $1500     $0                    111111111111       
I     CHARGE ACCOUNT       03/01P    $0        ACCT CLSD BY CONSUMER      48   00/00/00   

CCB NA          O xxxxxxx  06/96     $340                            1X11111111X1       R01
                          06/05A    $2000     $0                    111111111111       
I     CREDIT CARD          05/05P    $0                                   48   00/00/00   

UNVL/CITI       B xxxxxxx  10/94                                     111111111111       R01
                          02/05A    $25K      $0                    111111111111       
I     CREDIT CARD          04/04P    $0                                   48   00/00/00   

SUNCOAST CU     Q xxxxxxx  09/02     $52K      360M432               111111111111       M01
                          07/04A              $0                    11111111111        
I     CONVENTIONAL REAL ES 07/04C    $0        CLOSED                     23   00/00/00   

CITIFINANCIA    F xxxxxxx  03/02     $687                            111111111111       R01
                          03/04A    $6500     $0                    111111111111       
I     CHARGE ACCOUNT                 $0                                   26   00/00/00   

GMAC            Q xxxxxxx  06/02     $18.8K    48M445                1111111111         I01
                          07/03A              $0                                       
I     AUTOMOBILE           05/03C    $0        CLOSED                     10   00/00/00   

WSHNGTN MUTL    B xxxxxxx  05/98     $59.8K    360M501               111111111111       M01
                          07/03A              $0                    1                  
P     FHA REAL ESTATE MORT 07/03C    $0        CLOSED                     28   00/00/00   

SPIEGEL         B xxxxxxx  12/79     $5                              111111111111       R01
                          03/03A    $8300     $0                    11111111111X       
I     CHARGE ACCOUNT       03/03C    $0        CLOSED                     48   00/00/00   

CITI SHELL      B xxxxxxx  12/99     $59                             111111111111       R01
                          02/03A    $700      $0                    111111111111       
A     CREDIT CARD          12/02C    $0        CLOSED                     26   00/00/00   

WASH MUTUAL     B xxxxxxx  03/98     $59.8K    360M497               X11111111111       M01
                          11/02A              $0                    111111111111       
C     FHA REAL ESTATE MORT 11/02C    $0        TRANSF TO ANOTHER LENDER   47   00/00/00   

SUNCOAST CU     Q xxxxxxx  09/97     $25.7K    72M447                111111111111       I01
                          01/02A              $0                    111111111111       
I     AUTOMOBILE           01/02C    $0        CLOSED                     37   00/00/00   

BANKAMERICA     B xxxxxxx  12/87     $255                            111111111111       R01
                          01/02A    $9500     $0                    11111111           
I     CREDIT CARD          12/98C    $0        ACCT CLSD BY CONSUMER      20   00/00/00   

HSBC/RS         B xxxxxxx  06/97     $3239                           111111111111       R01
                          11/00A    $6000     $0                    1                  
I     CHARGE ACCOUNT       08/98P    $0                                   13   00/00/00   

SUNCOAST CU     Q xxxxxxx  02/95     $14.3K    60M                                      I01
                          12/98A              $0                                       
S     AUTOMOBILE           12/98C    $0        CLOSED                                     

SUNTRUST BK     B xxxxxxx  09/98     $30.1K    180M302                                  I01
                          11/98A              $0                                       
I     HOME IMPROVEMENT     11/98C    $0        CLOSED                                     

PROVDN BCP      B xxxxxxx  03/85     $3559                                              R01
                          10/98A              $0                                       
I     CREDIT CARD          06/98C    $0        ACCT CLSD BY CONSUMER                      

FST USA BK B    B xxxxxxx  08/97                                                        R01
                          10/98A              $0                                       
I     CREDIT CARD          02/98C    $0        ACCT CLSD BY CONSUMER                      

WFNNB/LERNER    C xxxxxxx  06/96     $0                                                 R01
                          09/98A    $600      $0                                       
I                          09/98P    $0                                                   

GMAC            Q xxxxxxx  08/95     $10.2K    29M340                                   I01
                          10/97A              $0                                       
I     LEASE                09/97C    $0                                                   

KEYBANK USA     B xxxxxxx  06/90                                                        R01
                          08/97A    $9000     $0                                       
I     CREDIT CARD          01/96C    $0        CLOSED                                     

CITI            B xxxxxxx  01/95                                                        R01
                          10/96A              $0                                       
I     CREDIT CARD          09/96C    $0        ACCT CLSD BY CONSUMER                      

SUNTRUST MTG    B xxxxxxx  03/81     $31K      300M207                                  M01
                          09/96A              $0                                       
C     CONVENTIONAL REAL ES 09/96C    $0        CLOSED                                     

CHASE MHT BK    B xxxxxxx  08/92     $9000                                              RUR
                          12/99A    $9000     $0                                       
I     CREDIT CARD          12/96C    $0        ACCT CLSD BY CONSUMER                      

DISCOVER FIN    B xxxxxxx  04/86     $0                                                 RUR
                          05/99A              $0                                       
I     CREDIT CARD          04/97C    $0        ACCT CLSD BY CONSUMER                      

HSBC NV         B xxxxxxx  10/92     $3952                                              RUR
                          09/97A    $9000     $0                                       
I     CREDIT CARD          09/96C    $0        ACCT CLSD BY CONSUMER                      
--------------------------------------------------------------------------------------------
I N Q U I R I E S
DATE       SUBCODE         SUBNAME             TYPE            AMOUNT
09/30/05   A xxxxxxx       Name deleted                                 
08/10/05   Z xxxxxxx       Name deleted                                 
09/24/04   R xxxxxxx       Name deleted                                   
09/24/04   Z xxxxxxx       Name deleted                                  
09/02/04   Z xxxxxxx       Name deleted                                  
11/05/03   F xxxxxxx       Name deleted                                 
--------------------------------------------------------------------------------------------
E N D   O F   C R E D I T   R E P O R T   -   S E R V I C E D   B Y :
TRANS UNION CORP., 2 BALDWIN PLACE P.O. BOX 1000, CHESTER, PA 19022     800-888-4213        



         

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