How to Get An 800 Score
In all my years in banking I never saw a credit score higher than 812. What does a person who has an 812 credit score do that most people do not do? They pay off their credit cards every month. In other words, they pay every penny of their debt every month.
These folks use their credit, but they pay it off early. They pay it in full every single month. They pay their car loan on time or early.
This was always amazing to me to see a person with a FICO score of 800, because most people, who have good credit, have credit scores ranging from 640 to 720, more or less.
Let's face it. It is difficult to pay off all your credit cards every single month. It is difficult to pay all your payments on a 4 year car loan on time. Certainly, these people have to goof once in a while, right?
creditNO, they don't goof. They don't make mistakes. They pay off their credit cards every single month (for the last seven years). And, they never miss a car payment or a mortgage payment.