Yes. An Experian study found that as of 2019, 1.2% of all credit-holding Americans had a FICO score of 850 A perfect score generally requires years of exemplary financial behavior, like making on-time payments, keeping a low credit utilization ratio, and maintaining a long history of credit accounts.
Is a 900 credit score possible?
FICO® score ranges vary, they can range from 300 to 850 or 250 to 900, depending on the scoring model , but higher scores can indicate that you may be less risky to lenders.
Does anyone have a perfect credit score?
The truth is, Americans with a perfect 850 FICO ® Score do exist In fact, 1.2% of all FICO ® Scores in the U.S. currently stand at 850. Think of it as the alternate—and perhaps slightly less glamorous—1 percent. Of course, you don’t need a perfect score to access credit at the best terms and lowest interest rates.
How much is a 850 credit score worth?
While 850 is considered a perfect score , it’s not the only score lenders view in a favorable light. In general, a FICO score of 760 or higher is considered excellent and at this point, lenders don’t make much of a distinction where loan approval or interest rates or concerned.
Is 822 a good credit score?
Your 822 FICO® Score is nearly perfect and will be seen as a sign of near-flawless credit management. Your likelihood of defaulting on your bills will be considered extremely low, and you can expect lenders to offer you their best deals, including the lowest-available interest rates.
Is a 750 FICO score good?
Your FICO ® Score falls within a range, from 740 to 799, that may be considered Very Good. A 750 FICO ® Score is above the average credit score Borrowers with scores in the Very Good range typically qualify for lenders’ better interest rates and product offers.
Is 785 a Good credit score?
Your FICO ® Score falls within a range, from 740 to 799, that may be considered Very Good. A 785 FICO ® Score is above the average credit score Borrowers with scores in the Very Good range typically qualify for lenders’ better interest rates and product offers.
Is a credit score of 871 Good?
An 871 credit score is excellent Before you can do anything to increase your 871 credit score, you need to identify what part of it needs to be improved, plain and simple. And in order to identify what needs to be improved, you should probably be aware of all the things that count and don’t count towards your score.
Is 869 a Good credit score?
Yes, it is definitely a good score ! Any score above 750 is very good and a score of 869 is considered excellent! Such a high credit score allows you to shop for the best loans and credit cards in the market. You can negotiate with the lender for more benefits and value adds.
What percentage of the population has a credit score over 825?
Consumers with scores in this range may expect easy approvals when applying for new credit. 21% of all consumers have FICO ® Scores in the Exceptional range.
How long does it take to get a 800 credit score?
Depending on where you’re starting from, It can take several years or more to build an 800 credit score. You need to have a few years of only positive payment history and a good mix of credit accounts showing you have experience managing different types of credit cards and loans.
Is a 780 credit score good?
Your FICO ® Score falls within a range, from 740 to 799, that may be considered Very Good. A 780 FICO ® Score is above the average credit score Borrowers with scores in the Very Good range typically qualify for lenders’ better interest rates and product offers.
Is 790 a good credit score?
A 790 credit score is Very Good , but it can be even better. If you can elevate your score into the Exceptional range (800-850), you could become eligible for the very best lending terms, including the lowest interest rates and fees, and the most enticing credit-card rewards programs.
Can a 25 year old have a 800 credit score?
If you have been using credit for only six months or a year, it’s unrealistic to expect a score in the high 700s. Still, it is possible to establish excellent credit, a score of 800 or higher, for example, in your 20s.
References
https://www.investopedia.com/articles/personal-finance/080615/highest-credit-score-it-possible-get-it.asp
https://www.experian.com/blogs/ask-experian/perfect-scores-who-has-them-and-what-do-they-have-in-common/
https://www.creditkarma.com/advice/i/good-fico-score-range
https://www.forbes.com/advisor/credit-score/what-is-the-highest-credit-score-possible/
