How to Get An 800 Score

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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.

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Recent Comments

14

that all sounds awesome. And I am working on doing that...but it is quite the challenge.

Namaste

I'm sure that with the added income we will be making with WA, we will be in a good position to follow the advice in my Post.

I wish you much success.
Mike

Hi Rick,
You are welcome.
Mike

Debt can be a great thing if it is used wisely. Thanks for this interesting post Mike :)

I wish I could do that but I'm on a very tight budget.....someday hopefully I can.

This is the type of goal that a person can set for them self, and
once they have more income they can work towards it.

Obviously, it is not something that can be done overnight.

interesting :-))
Al (and Tania)

Hi,

The funny thing about it, which most people won't realize, unless they spent as much time doing loans as I did, is that no one needs a credit score higher than about 700 to 720.

All the best,
Mike

Thank you :-))

LOL........SHHHHHH DONT TELL EVERYONE LOL LOL LOL XOXO TO YOU AND YOURS

I think it might work slightly differently in the UK :)

I have no idea how things work in the UK.
I have never been there.

I'm happy to share my knowledge.
Thanks for the comment.

Great info, thanks for sharing.

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