Can You Have a Credit Score of 900?

A credit rating of 900 is not possible or not very relevant. The number you should focus on is 800. In the standard 300-850 range used by FICO and VantageScore, a credit rating of more than 800 is considered “perfect.” This means that higher scores won't save you any money. Your credit score can be affected by other financial decisions you make or activities or services you participate in with other financial services organizations.

When you apply for new credit, the lender won't tell you what their exact cut-off point is between a good and a bad credit rating. However, having a good credit score can help you get approved for attractive rates and terms when you apply for a loan. Credit scoring is the gold standard used by financial institutions to decide whether to lend money or issue a credit card to consumers. FICO creates industry-specific credit rating models tailored to certain credit products, such as credit cards, car loans, and mortgage loans.

If your score is lower than 850 due to some negative ratings on your credit report, one of the best credit repair companies could help, as long as you're willing to pay a fee. It's very important to earn and maintain a good credit score, as it will help you get lower interest rates when you apply for personal loans, credit cards, mortgages, and car loans. The length of your credit history counts for 15%, and a combination of accounts and new credit inquiries are taken into account at 10% each. Like FICO scores, the higher your VantageScore is, the lower the risk it poses to lenders.

Your credit score is often the first thing landlords look at when reviewing rental applications. There's no such thing as a perfect credit score, but you can always work to improve your credit and make it as high as possible. Although the above FICO and VantageScore charts give an idea of how lenders interpret different credit rating ranges, lenders and other companies may have different views on creditworthiness. You can check your credit score for free using services from your bank or mortgage lender. FICO reports that people with lower scores have defaulted on their loans more than those with higher scores.

Jeffery Sheinbein
Jeffery Sheinbein

Hipster-friendly food specialist. Certified pop culture geek. Certified music aficionado.