Is it possible to have a 880 credit score? (2024)

Is it possible to have a 880 credit score?

While achieving a perfect 850 credit score is rare, it's not impossible. About 1.3% of consumers have one, according to Experian's latest data. FICO scores can range anywhere from 300 to 850. The average score was 714, as of 2021.

Is a 880 credit score possible?

An 880 Score is nearing perfection. You still may be able to improve it a bit, but while it may be possible to achieve a higher numeric score, lenders are unlikely to see much difference between your score and those that are closer to 880.

How good is a credit score of 880?

A credit score of 721-880 is considered fair. A score of 881-960 is considered good.

Does anyone have a 900 credit score?

While older models of credit scores used to go as high as 900, you can no longer achieve a 900 credit score. The highest score you can receive today is 850. Anything above 800 is considered an excellent credit score.

Has anyone gotten a 850 credit score?

Although a lot of people might like the idea of a perfect credit score, they'd likely have a hard time actually achieving it. In the U.S., only about 1.7 percent of the scorable population had a perfect 850 FICO credit score in April 2023, according to FICO data.

How rare is a 830 credit score?

Less than 21% of people have a credit score in the 800-850 range. An 800+ credit score, such as 835, is considered perfect credit, indicates a borrower uses credit responsibly, and qualifies the person for the best loan and credit card terms.

How rare is credit score over 800?

According to a report by FICO, only 23% of the scorable population has a credit score of 800 or above.

How rare is an 840 credit score?

Your 840 FICO^® Score falls in the range of scores, from 800 to 850, that is categorized as Exceptional. Your FICO^® Score is well above the average credit score, and you are likely to receive easy approvals when applying for new credit. 21% of all consumers have FICO^® Scores in the Exceptional range.

What is the highest credit score possible?

In most cases, the highest credit score possible is 850. You can achieve the highest credit score by taking a variety of important steps, but, for many people, it's a difficult task considering the range of factors that dictate the highest credit score possible.

Does it matter if your credit score is 800 or 850?

Having a credit score of 800 will fully qualify you for any credit product on the basis of risk. If a credit request is denied with a FICO score of 800, then you'd very likely be denied even at 850. The denial is based upon some factor other than credit risk (such as insufficient income).

What is the average credit score by age?

Who has the lowest credit score?

Mississippi has the lowest average FICO credit score, with an average FICO score of 673.

What is the lowest credit score possible?

FICO & Vantage both set the lowest possible credit score at 300. However, almost nobody has this low of a score. In fact, according to FICO, the average credit score in America is 704. A bad FICO credit score ranges from 300-579, while a bad Vantage score ranges 300-499.

What is the average credit score in America?

What is the average credit score? The average FICO credit score in the US is 717, according to the latest FICO data. The average VantageScore is 701 as of January 2024. Credit scores, which are like a grade for your borrowing history, fall in the range of 300 to 850.

Does paying off house help credit?

Paying your mortgage in full usually does not have a significant impact on your credit score. But once the mortgage is removed from your credit history, your score may drop slightly because of a reduced credit mix, which is an important part of your overall score.

Why did my credit score go down when I paid off my mortgage?

For example, paying off your only installment loan, such as an auto loan or mortgage, could negatively impact your credit scores by decreasing the diversity of your credit mix. Creditors like to see that you can responsibly manage different types of debt.

Can I buy a house with a 830 credit score?

An 830 credit score is often considered very good — or even excellent. With excellent credit, your credit scores become more of a bridge and less of a roadblock — a high score can help you qualify for premium rewards credit cards, auto loans and mortgages with the best terms.

What is a good credit score for a 22 year old?

Consider yourself in “good” shape if your credit score is above the average for people in your age group. Given that the average credit score for people aged 18 to 25 is 679, a score between 679 and 687 (the average for people aged 26 to 41) could be considered “good”.

What is a good credit score for my age?

Why is it so hard to get a 800 credit score?

Only a little over 20% of consumers ever earn a score of 800 or higher. Why? People with 800 credit scores use credit differently than the vast majority of credit users. Sure, they do some of the same things you do: never miss a payment, try to keep their credit utilization low, and scan their credit report for errors.

How much loan can I get with 800 credit score?

If you qualify for a loan and can afford it, there isn't necessarily a limit to how much you can borrow with an 800 credit score. You may be able to take out: A personal loan for $100,000. A car loan for $250,000.

How many people have a credit score over 825?

Your score falls in the range of scores, from 800 to 850, that is considered Exceptional. Your FICO^® Score and is well above the average credit score. 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.

What is a good credit score to buy a house?

It's recommended you have a credit score of 620 or higher when you apply for a conventional loan. If your score is below 620, lenders either won't be able to approve your loan or may be required to offer you a higher interest rate, which can result in higher monthly mortgage payments.

How bad is a 850 credit score?

Your 850 FICO^® Score falls in the range of scores, from 800 to 850, that is categorized as Exceptional. Your FICO^® Score is well above the average credit score, and you are likely to receive easy approvals when applying for new credit.

Can I get a mortgage with a 840 credit score?

There isn't a specific credit score you need for a mortgage, and that's because there isn't just one credit score. When you make an application for a mortgage or other type of credit, lenders work out a credit score for you.