Highest Credit Score - How To Get It

The highest credit score available under the FICO® model is 850, although the likelihood is very small getting a credit score of 850 as a perfect credit score. However, points from high credit scores can help you get credit approval - But every time you apply for credit, your score will also drop some points, as your last credit history is also a factor. your credit score is taken into account.

highest credit score

What is the highest credit score you can have ?

The credit score range is 300 to 850, the highest possible credit score is 850, even if 720 or higher is considered "prime" and will usually provide you with the best credit terms of the lender. But the reality is only a few people who get the highest credit score.

Here's the FICO® Credit Score formula used when they evaluate your credit score.

How to Increase Credit  Score ?

The credit score is more like your driving record: They take into account past years of behavior that you can find on your credit report, not just your current actions.

Pay attention to the balance of the credit card

To increase your value, "pay your balance, and keep the balance low," said Pamela Banks, senior policy adviser for Union Consumer.

If you have multiple credit card balances, consolidating it with a personal loan can help your score.

Eliminate credit card balance

According to John Ulzheimer "A good way to improve your credit score is to eliminate harassment," a previously nationally recognized credit expert from FICO and Equifax. That is a small balance that exists on a number of credit cards.

Leave old debt on your report

One way to improve your credit score: Leave old debt and good accounts for as long as possible, Ulzheimer says. This is also a good reason not to close your old account where you have a solid payment record.

Use your calendar

Every time you apply for a credit, this can cause a small drop in your yearly credit score. That's because if someone makes a lot of apps to get credit, it usually means he wants to use more credit.

 Pay bills on time

"The credit score is determined by what's in your credit report," says Linda Sherry, national priority director for Consumer Action. If you badly pay your bills - or pay them on time - this damages your credit and hurt your credit score, he says.

Do not hint at risk

one of the best ways to improve your credit score and get the highest credit score is by not doing something that can drown it.

Do not obsess

You should focus on your credit score when you know that you will need immediate credit. In the meantime, pay your bills and use credit responsibly. Your score will reflect this smart shopping behavior.