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Gary22270, Home Owner in Brooklyn, NY

what is the highest credit score you can have?

Asked by Gary22270, Brooklyn, NY Thu Jul 19, 2012

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6
Good morning Gary,

Each of the three credit reporting bureaus---Trans-Union, Equifax and Experian---use the FICO scoring system in slightly different ways from each other.

Maximum scores are rarely ever reached by consumers. And all this talk on the internet of aspiring to achieve such a goal is---IMHO---a lot of hot air. What counts is a decent credit history. If a consumer has 3 to 5 accounts open and active for at least 2-5 years, owes less than 50% of available "revolving" credit, pays on time and has not outstanding derogatory accounts (collection accounts, chargeoffs, judgments, etc), that consumer will have an excellent credit score.

If you're thinking of buying a home, first step is to get Prequalified by your Local Mortgage Banker. Your Mortgage Banker will review your Income, Assets, and Credit---including a free FICO score credit report---to determine which programs and maximum loan amounts you'd qualify for.

MyFICO.com is the best source for accurate information on the mysteries of the credit scoring "Secret Family Recipe."

Trevor Curran
NMLS #40140
0 votes Thank Flag Link Mon Aug 6, 2012
Hello Gary,

Thank you for your inquiry. I can definitely assist you in this matter. You can contact me at 718-376-4994 or traceyre1@aol.com

Robert Tracey
0 votes Thank Flag Link Fri Jul 27, 2012
FICO scores range from 300-850. 850 being the highest and 300 being the lowest. Credit scores that are 700-850 is considered really good.

Amy Liu
East Coast Realtors, Inc
0 votes Thank Flag Link Sat Jul 21, 2012
See link for helpful information http://www.myfico.com/CreditEducation/articles/
0 votes Thank Flag Link Fri Jul 20, 2012
Patrick answered already, but just for information purposes, FICO scores range from 300 - 850.
0 votes Thank Flag Link Thu Jul 19, 2012
850 is the highest score on the scale but the range of 700 to 850 is considered excellent.
0 votes Thank Flag Link Thu Jul 19, 2012
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