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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Just for fun, how can I get my credit score at 850? Is it possible to do that?

The score is 830 now, and I dont understand why its not 850.  No debt, everything paid on time forever.[/quote]

Credit utilization comes into play. Even if you pay your credit card off every month, if you have a balance when they run their algorithm it will affect your score very slightly. In months when I’ve charged a large item my credit score dips by 5 or ten points. If you want to avoid that you can pay it off immediately instead of waiting til the end of the cycle. But with a credit score over 800 there’s no actual reason to do so. [/quote]

OP.  Yes, I have noticed when we have a large purchase or two, our credit score dips, then goes up in 2 months or so.  Very interesting, this whole credit score phenomenon.

Also, it is good to know if you charge a huge purchase, it is a good idea to pay off right away instead of waiting till statement time, that way you preserve your score.

And it is only during the pandemic that I became interested in our credit scores (both are high), every time I check my credit card charges, I look!  Before pandemic, I never bothered to look.
[/quote]

Why in the world would you pay something off earlier to prevent a theoretical credit score dip? A credit score is absolutely meaningless until you need to apply for credit. Even then, it's only your score band that counts. Anything over 800 is the same for credit purposes.

There's no award in life for a perfect credit score.

Anywho, the credit monitoring 'credit score' is fake. What counts is the actual FICO score calculated by your lender, which may vary based on which model they use. [/quote]

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