Since I never use debt, I have no reason to know my credit score.
Checkmate!
My credit Score is in the dumper...so you win! Congrats!
My dog has a credit card, and his credit score is really high. It’ll probably get shaved a few points next week when he buys a fishing boat.
I carry 8 figures of debt on my commercial properties.
I pay several hundred thousand a month in debt service every month....never late...going on two decades
I’m 50....5 kids.....home(s) mortgages etc.....never late
I pay about ten thousand a month in leases on equipment and vehicles.....never late
No tax liens (yet..lol)
I had 2 heart surgeries for a deformed heart/obstruction in 2004/2005 and assumed around 60,000 in my end after insurance....a few thousand here and there late a few months but all paid off.
I get probably 20-30 credit inquiries annually just in the course of doing business and private life. If my LLC or C or S corp borrows and I do at least three times a year and always through 4-5 banks then they all run credit.
hence in spite of having fairly robust history of paying off pretty large debt month in month out..(they don't count that)..I get penalized for paltry sums late on medical and on inquiries...about 8-10 points per inquiry.
I doubt my credit is over 630 right now yet some kid in an apartment who pays his car and target card on time may be at 800.
Which means guys like me end up paying cash a lot or we stick with banks and leasing agents that know us beyond a credit score.
I also bet (and I’m going to go look right now) that somewhere is an incorrect entry on one of the Big 3 on my report. I found one last time where they were still charging me for an AMEX card from the early 80s which I had canceled but they kept running the fee and claimed I owed it...for 22 years....I called some hack in India and he took it right off.
The credit scoring system in ripe for some tort lawyers to sue for class action damages. I hear there are law and paralegal firms out there that repair credit like mine...?
I’m in my 40’s @ 804.....I’ll catch up!!!! :-)
The worst thing about having good credit (mine’s around 820)is that its way too easy to go to a car dealer on a whim and trade in a perfectly good 2001 GT Mustang with very low mileage (16998) for a very hot 2007 GT Mustang with a special muscle car package post factory/prior dealership. Believe me I should know ... but then you only go around once in life!
Ping me when the penis size post comes up.
My ultimate goal is to have a credit score of zero!
My credit score is usually bigger than that, but I just got out of the credit pool.
Shrinkage!
First, congratulations on being a responsible consumer. I’ve heard from an auto loan officer on another forum who had seen an 840 or 845. 850 is as high as it goes.
Beyond bragging rights, once you’re in the 800s, there is no appreciable difference in what you can get in terms of rates, terms, limits, etc. The common factors in super-prime scores are: a long credit history (30-plus years), long average age of accounts, very low utilization, very low balances, presence of one or more real estate accounts, no inquiries and of course, no derogatories at all.
Rock on!
I don’t brag about my credit score, some illegal alien is going to make an effort to steal my identity.
I don’t know my credit score but I do know I’m sick of getting all of those card offers every single day.