What is your credit score?

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WanderingDoc
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What is your credit score?

Post by WanderingDoc » Mon Feb 26, 2018 1:15 am

This is something I don't pay much attention to, but I will check every 3-4 months or so.

I have always hovered around the 740-760 range. As many real estate investors know, the elusive 800 is very difficult if you are doing what you are supposed to be doing, ie taking out loans. Leverage is the beauty of real estate (for many reasons), and I'd argue that direct real estate investment would be all but not worth it if you couldn't leverage.

I have a feeling this board might bias towards a higher score, due to the higher proportion of intelligent, higher earning, and more responsible individuals on here.

I was surprised to check today and find my score at 801 !! Means I am not doing enough real estate deals lately :P What about you .. what is your credit score?
I'm not looking to get rich quick (crypto), I'm not looking to get rich slow (index funds).. I'm looking to get rich, for sure (real estate).

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Pajamas
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Re: What is your credit score?

Post by Pajamas » Mon Feb 26, 2018 1:17 am

Mine is bigger than yours.

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Tyrobi
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Re: What is your credit score?

Post by Tyrobi » Mon Feb 26, 2018 1:42 am

831 from Credit Karma
Three-fund portfolio | "Simplicity is the master key to financial success." John C. Bogle

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unclescrooge
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Re: What is your credit score?

Post by unclescrooge » Mon Feb 26, 2018 1:54 am

750, according to credit karma.

Although after I froze my credit, it dropped to 650 for several months. It just came back up to 750.

WanderingDoc
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Re: What is your credit score?

Post by WanderingDoc » Mon Feb 26, 2018 2:21 am

Tyrobi wrote:
Mon Feb 26, 2018 1:42 am
831 from Credit Karma
Grats! Thats truly impressive. If I may ask, how many years of credit history do you have in the books?
I'm not looking to get rich quick (crypto), I'm not looking to get rich slow (index funds).. I'm looking to get rich, for sure (real estate).

WanderingDoc
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Re: What is your credit score?

Post by WanderingDoc » Mon Feb 26, 2018 2:23 am

unclescrooge wrote:
Mon Feb 26, 2018 1:54 am
750, according to credit karma.

Although after I froze my credit, it dropped to 650 for several months. It just came back up to 750.
I'm also using credit karma.

Is that what normally happens? ie. if you freeze your credit, your utilisation plummets. I'm guessing thats the primarily reason for the 100 pt. drop.
I'm not looking to get rich quick (crypto), I'm not looking to get rich slow (index funds).. I'm looking to get rich, for sure (real estate).

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Toons
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Re: What is your credit score?

Post by Toons » Mon Feb 26, 2018 6:01 am

810.











:-)
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jehovasfitness
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Re: What is your credit score?

Post by jehovasfitness » Mon Feb 26, 2018 7:06 am

800-810 avg using MyFico

D Newton
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Re: What is your credit score?

Post by D Newton » Mon Feb 26, 2018 7:09 am

815. :sharebeer
Regards, | Doug

Kow
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Re: What is your credit score?

Post by Kow » Mon Feb 26, 2018 7:18 am

FICO says 831
Mint says 803 (using TransUnion data)

Not sure why they are so far off.
Last edited by Kow on Mon Feb 26, 2018 7:29 am, edited 1 time in total.

carolc
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Re: What is your credit score?

Post by carolc » Mon Feb 26, 2018 7:29 am

826

It always seems to be about that. I have no debt. I use a credit card a lot but pay off the balance each month. I don’t know what else influences the score.

(It’s funny...I applied for a Jetblue cc recently. They denied me because I’m retired!)

carolc

HobbesMB
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Re: What is your credit score?

Post by HobbesMB » Mon Feb 26, 2018 8:19 am

850 for FICO based on TransUnion.
829 for FICO based on Experian.

RagnarRahl
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Re: What is your credit score?

Post by RagnarRahl » Mon Feb 26, 2018 8:31 am

Mine is hilarious. It dropped out of the low 800s to 790 after I paid off my mortgage, sold that house to someone and bought a more expensive house for cash. I also paid off my car loan and bought a more expensive one for cash. I opened two brokerage accounts with cash. (I had received an inheritance.)
The only credit that I have is one credit card. I pay the balance off monthly.

I wouldn't worry about my credit rating at all because I don't need credit, but it influences my insurance rates.

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alpenglow
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Re: What is your credit score?

Post by alpenglow » Mon Feb 26, 2018 8:32 am

835 per Credit Karma

The Wizard
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Re: What is your credit score?

Post by The Wizard » Mon Feb 26, 2018 8:39 am

carolc wrote:
Mon Feb 26, 2018 7:29 am

(It’s funny...I applied for a Jetblue cc recently. They denied me because I’m retired!)

carolc
I doubt that "retired" was the entire reason. If you have a high enough credit score and decent AGI for past few years, you should qualify...
Attempted new signature...

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topper1296
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Re: What is your credit score?

Post by topper1296 » Mon Feb 26, 2018 8:40 am

My FICO score is 856 :sharebeer

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welderwannabe
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Re: What is your credit score?

Post by welderwannabe » Mon Feb 26, 2018 8:42 am

Fell into the high 700's once I paid off my mortgage. Apparently FICO doesn't like someone who is 100% debt free.

I continue to use a CC for all my monthly expenses and pay it off in full every month.
I am not an investment professional, but I did stay at a Holiday Inn Express last night.

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Cycle
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Re: What is your credit score?

Post by Cycle » Mon Feb 26, 2018 8:49 am

WanderingDoc wrote:
Mon Feb 26, 2018 1:15 am
I'd argue that direct real estate investment would be all but not worth it if you couldn't leverage.
I agree, except in the circumstance of owner occupying a duplex or having an accessory dwelling unit and not having debt on that property. Anything not occupied would probably not be worth the hassle w/o leverage in the US... Better returns in 3 fund. If we were to move out of our duplex, I'd take a loan on the place.

760, probably a little low since I'm constantly churning credit cards for miles

ChinchillaWhiplash
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Re: What is your credit score?

Post by ChinchillaWhiplash » Mon Feb 26, 2018 8:55 am

Right now FICO says 761. I just paid off 2 debts, so hope it goes up. The rule is to not carry over a certain % of debt on any line of credit. Was able to bring up scores from low 700s by doing this. Learned this when doing a refi on house. They want it above 740 for the best loan rates. It has crept up as I get rid of debt. They don't like when you close open lines of credit. The system is a bit goofy :oops:

fourwheelcycle
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Re: What is your credit score?

Post by fourwheelcycle » Mon Feb 26, 2018 8:59 am

Currently 812 from barclaycard (FICO/TransUnion). It fluctuates between 793 and 812. Our credit has been frozen for three years at the three major credit reporting bureaus and I have not seen any change in our score as a result.

I do not check our score very often, but I just heard a note on NPR this morning that it is a good idea to check it every month or so, since a sudden drop with no known unusual activity by us can indicate someone has just begun using our credit illicitly. Of course, this is a very slight risk for us (I assume?) since our credit is frozen. However, logging-in to barclaycard is a lot simpler than requesting our annual free credit report(s).

IowaFarmWife
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Re: What is your credit score?

Post by IowaFarmWife » Mon Feb 26, 2018 9:02 am

According to Credit Karma, it is 766.

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KlingKlang
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Re: What is your credit score?

Post by KlingKlang » Mon Feb 26, 2018 9:09 am

welderwannabe wrote:
Mon Feb 26, 2018 8:42 am
Fell into the high 700's once I paid off my mortgage. Apparently FICO doesn't like someone who is 100% debt free.

I continue to use a CC for all my monthly expenses and pay it off in full every month.
Same here. Mine has been pegged at 796 for years. The comments say that to raise it I need to take out more types of credit lines, like that's going to happen.

Horsefly
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Re: What is your credit score?

Post by Horsefly » Mon Feb 26, 2018 9:13 am

According to Credit Karma, mine is 831, DW is around 805. It took a hit three years ago when we paid off our mortgage, but came back up in a couple of months. We use credit cards for pretty much everything, so it drops a bit when we have reason for larger than normal purchases, like the holidays, cruise vacations, etc.

bob60014
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Re: What is your credit score?

Post by bob60014 » Mon Feb 26, 2018 9:14 am

Avg of 830, no debt, pay off cards each month, doing all the usual stuff to keep it good! :).

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Ged
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Re: What is your credit score?

Post by Ged » Mon Feb 26, 2018 9:18 am

Mine is 826. Mortgage was paid off about 8 years ago.

I have something like 5 credit cards, never carry a balance and have no installment loans nor any intention to ever have one again. I do use a couple of the cards frequently for the cash back and convenience.

From what I understand anything over 750 or so doesn't have any practical implications.

Edward Joseph
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Re: What is your credit score?

Post by Edward Joseph » Mon Feb 26, 2018 9:22 am

Thanks for the reminder to check...
From Credit Karma this morning:
Trans-815
Equi-818

*Age 39.No debt. Pay off credit card every month. Used to have a mortgage three years ago but sold that home. Chase started closing some of my old, unused credit cards and my score dropped due to a now higher utilization rate.

Unlike what Dave Ramsey says, I can have a high credit score and don't have to play "kissey face" with the banks at the same time.

mak1277
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Re: What is your credit score?

Post by mak1277 » Mon Feb 26, 2018 9:25 am

No clue. Truly hope I never need it again.

SlowMovingInvestor
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Re: What is your credit score?

Post by SlowMovingInvestor » Mon Feb 26, 2018 9:26 am

Ged wrote:
Mon Feb 26, 2018 9:18 am
From what I understand anything over 750 or so doesn't have any practical implications.
A few years back, I dipped to 796 for a month or so. I just happened to check for a mortgage refi at that time and was told that the best rate was only available if I was over 800. I don't think it was bait or switch either exactly, it was a genuine policy. I do remember I was able to get the best rate on a slightly different mortgage, although I don't remember exactly how.

I've been up to 850 since, although I doubt there is any benefit to that under than psychological :)

Kiter
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Re: What is your credit score?

Post by Kiter » Mon Feb 26, 2018 9:55 am

878 but expect it to drop as a line of credit that is not used expires.

vested1
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Re: What is your credit score?

Post by vested1 » Mon Feb 26, 2018 10:01 am

Mine is 790, wife's is 815. I pay all the bills, she does all the shopping. Go figure. 8-)

vested1
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Re: What is your credit score?

Post by vested1 » Mon Feb 26, 2018 10:03 am

SlowMovingInvestor wrote:
Mon Feb 26, 2018 9:26 am


I've been up to 850 since, although I doubt there is any benefit to that under than psychological :)
Was that a Freudian slip?

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unclescrooge
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Re: What is your credit score?

Post by unclescrooge » Mon Feb 26, 2018 10:07 am

Seems like the average score on this board is 800!

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unclescrooge
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Re: What is your credit score?

Post by unclescrooge » Mon Feb 26, 2018 10:09 am

WanderingDoc wrote:
Mon Feb 26, 2018 2:23 am
unclescrooge wrote:
Mon Feb 26, 2018 1:54 am
750, according to credit karma.

Although after I froze my credit, it dropped to 650 for several months. It just came back up to 750.
I'm also using credit karma.

Is that what normally happens? ie. if you freeze your credit, your utilisation plummets. I'm guessing thats the primarily reason for the 100 pt. drop.
No clue. There may be other reasons but I'm not in the market for credit right now so it didn't really affect me.

invst65
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Re: What is your credit score?

Post by invst65 » Mon Feb 26, 2018 10:12 am

TransUnion and Equifax both say 807. I have no idea why it wouldn't be higher than it is except maybe because I have a lot of available credit even though I don't use it.

Fclevz
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Re: What is your credit score?

Post by Fclevz » Mon Feb 26, 2018 10:17 am

856
878
We must be talking different alternative scores, as the traditional FICO score is 300-850.

dccboone
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Re: What is your credit score?

Post by dccboone » Mon Feb 26, 2018 10:19 am

Have never checked it and don't have a clue. Have no debt and pay cash whenever possible. "Neither a borrrower nor a lender be;/For loan oft loses both iteself and friend."

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midareff
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Re: What is your credit score?

Post by midareff » Mon Feb 26, 2018 10:20 am

Float between 837 and low 840's.

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Sheepdog
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Re: What is your credit score?

Post by Sheepdog » Mon Feb 26, 2018 10:23 am

Discover shows my FICO is 791; Visa shows 792; American Express shows 789. I have always paid all debts completely monthly and my percent of allowable credit is very low. Why isn't the score the max? FICO says it is because I don't have enough (actually none) other credit such as dept. stores. Anyway, the score means little to me as I don't need to apply for new credit. The score does count to my insurance companies though.
People should not say everything they think. They should think about everything they say.

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prudent
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Re: What is your credit score?

Post by prudent » Mon Feb 26, 2018 10:26 am

Topic is locked (not personal, not actionable).

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