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How To Get A Perfect 850 Credit Score

March 14, 2016 1 Comment

According to WalletHub data, the average credit score in the U.S. is just 668. By improving your credit standing to “good” you can save around $4,400 per year with a mortgage, auto loan and credit card. Once you reach the 90th percentile or at least 810 credit score, you are likely to get the lowest interest rate and cheapest insurance premiums. For the overachievers, Odysseas Papadimitriou shows some tips to achieve a perfect credit score and join the 850 credit-score club of 0.1 percent of the adult population – about 245,000 people.

  1. Inundate your credit reports with as much positive information as possible, from various sources
  2. Maximize available credit and minimize balances
  3. Keep your report derogatory-free
  4. Don’t close accounts prematurely

The trick to get a perfect credit score is to pay all your bills on time and don’t borrow too much money too often. Keep in mind that a credit score of 850 will take years of good history, not just your present records, to achieve the perfect status.

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Comments

  1. Amanda Payne says

    April 8, 2016 at 1:37 pm

    Great post, but if we maximize our available credit to the limit our score will go down, so I wouldn’t recommend this.

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