How can someone have a 900 credit score?

My friend told me her credit score is 900. She has one discrepancy on her report and she is 22 years old. I am also 22 years old and I pay my credit cards on time every month and my car loan and I only have a 685. Is a 900 possible, I got up to 725 before but I never heard of anyone with a 900.

How can someone have a 900 credit score?

She%26#039;s lying. The highest score is a 850 and a 22 year old will not have a score anywhere near that. With stellar credit (and numerous accounts), you can hit 800 by your 30%26#039;s. Most of the time you are retired when you hit that number. After 720 it really doesn%26#039;t matter too much as you are in the upper level of credit.

BTW: your 685 is super at your age. You qualify for loans on everything (depending on your earnings). Keep it up!

How can someone have a 900 credit score?

I don%26#039;t believe it goes that high, I think 820 is the highest. She may be exaggerating.

How can someone have a 900 credit score?

Credit scores go up a lot higher than that.... it%26#039;s not just how good your credit repayment is that affects your score, but also the ratio of available credit to how much you are using. If your total available credit is $1000 and you have $800 charged, then your credit-debit ratio is 80%, which is really high...you%26#039;re too close to maxing out. But if you have a lot of credit available (say, you can charge up to $2000 but only have an $800 balance), that ratio is lower and lenders are more comfortable giving you credit. AND how old your credit history...the older it is, the more information creditors have to work with when estimating your ccreditworthiness. That%26#039;s why closing out a credit card isn%26#039;t always a good thing. Hope this helped!

How can someone have a 900 credit score?

she has an excellent fico score. Money coming in may not be more than you bring in and her debt may not be as high. May not have as many credit cards as you do.

How can someone have a 900 credit score?

Someone is not telling the truth. Either it%26#039;s her or the reporting companies because they say the highest is 850.

How can someone have a 900 credit score?

I have seen a 900 credit score once.

How can someone have a 900 credit score?

900 is not possible, and to the OP concerning an 800 score, I am 26 and have a 804 score. IMO, the easiest way to get your score up is to keep 3 lines of credit open, and keep your debt ratio down. For instance if you have a 2000 dollar credit limit on your credit cards don%26#039;t have more than 30% of the limit tied up at any given time, and try to keep your debt to income ratios down.

This is particularly important if you are trying to buy a home, your total debt to income should be less than 40% and no more than 50%.

How can someone have a 900 credit score?

It%26#039;s BS-most companies don%26#039;t even have a score that high.