But he has one more thing that most people would really, really love to have: a credit score that is higher than almost everyone else in the country. Pavelka, 56, has a credit score of 848 out of 850. The letter he got from the credit bureau recently said his score ranks higher than 100 percent of U.S. consumers.. That makes Pavelka a financial anomaly.
http://www.cleveland.com/business/index.ssf/2012/10/westlake_man_has_one_of_the_hi.html
FICO scores range from 300 to 850, where 850 is considered to be the best score achievable. According to myFICO.com, a division of the Fair Issac Corporation, only 13% of the U.S. population has a FICO score greater then 800, while only 2% has a FICO score lower then 500. The largest proportion of the population, 27%, has a FICO score between 750 and 800.
http://www.investopedia.com/ask/answers/07/fico-score.asp
FICO scores (the best known and the ones lenders generally use) run from 300 to 850. Anything above 720 is an A. About half the population has A-minus or better credit. Historically, about 10 percent of the population has an 800 or better. Nearly 25 percent of consumers have a rating of C or below.
http://www.cleveland.com/business/index.ssf/2012/10/westlake_man_has_one_of_the_hi.html
The idea of “gaming” your already-excellent credit score to drive it up is not going to benefit you in any real substantive way – there’s little or no difference between the interest rates or credit terms offered to people with an 800 and those offered to people with the elusive 850.
http://abcnews.go.com/Business/perfect-credit-score-doesnt-matter/story?id=23287801
This score is calculated by using a proprietary tool developed by the Fair Issac Corporation (NYSE: FIC). Each major credit bureau in the United States-Experian, Equifax (NYSE: EFX) and TransUnion-uses Fair Issac's technology to calculate a FICO score for any borrower.
http://www.investopedia.com/ask/answers/07/fico-score.asp
You might think that trying to get a “perfect” credit score is a crazy thing that nobody really does, but you’d be wrong. Jacqui Kenton documented her own obsession with getting an 850 even after experts told her that it did her little good.
http://abcnews.go.com/Business/perfect-credit-score-doesnt-matter/story?id=23287801
If you are looking for the best rates and the highest credit limits, you should aim for a credit score of 760, according to FICO. Anything above a 760 is just going to be for bragging rights, since a score of 760 or above will get you the best rates and credit limits.
http://www.huffingtonpost.com/simple-thrifty-living/what-is-the-optimal-credi_b_3845664.html
You can get a free copy of each of your credit reports once a year, and you can monitor your credit scores using a free tool like the one on Credit.com (which updates two of your credit scores each month, explains them, and creates an action plan to help you improve them).
http://abcnews.go.com/Business/perfect-credit-score-doesnt-matter/story?id=23287801
And while the experts at Credit.com get many more questions from folks with low credit scores about how to raise them, we do get the occasional high score person who just can’t help him-or herself from trying for that elusive 850 even though it can be a ton of work for little actual financial gain.
http://abcnews.go.com/Business/perfect-credit-score-doesnt-matter/story?id=23287801
Similarly, many people think that the best way to improve a credit score is to close accounts – but don’t do that! If you’ve had certain credit cards for a long time and always made on-time payments and never maxed them out, those are good cards to have around.
http://abcnews.go.com/Business/perfect-credit-score-doesnt-matter/story?id=23287801
highest fico score
The highest score of Fico is 760. The highest score of the Fair Isaac Corporation is 760.