How do you go beyond 780 credit score?
i have been stuck at that score fpr last 1 year.
Maintain very low balance, pay always on time
and only 1 lease credit inquiry in last 2 years
Are there any quick ways to increase?
Store card (I dont have any)?
Reduce avalialbe credit?
comments
Just curious...
There aren’t any secret super benefits for having a “near perfect score”. The load companies just don’t bother making loan rate scales at that granular a level.
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The author /thinks/ 800 might be better based on a question one person asked him one time. He has no proof that there is any difference between 780 and 800, or even 760 and 800
700k mortgage
10k car lease
Your credit score isn't just a measure of how reliable or "safe" you are as a borrower. It's also a measure of how profitable you are (to the lender). My score DROPPED 25+ points when I paid off my student loans early, because it closed off one of my longest running lines of revolving debt (credit).
Therefore, once you're in the best credit tier--which you can do without carrying debt--getting your score even higher really isn't something to aspire to.
So paying house/car loans early would also have the same effect?
Yeah like in the show Bungou stray dogs