Does anyone have a 900 FICO scor...

Does anyone have a 900 FICO score?

Not to worry though, having good credit can start at around 700. In fact, only a few credit score models have a credit score limit of 900. For instance, both the FICO and VantageScore models max out at 850.

Which is a better credit score 500 or 800?

For a score with a range between 300 and 850, a credit score of 700 or above is generally considered good. A score of 800 or above on the same range is considered to be excellent. Most consumers have credit scores that fall between 600 and 750. In 2022, the average FICO® Score☉ in the U.S. reached 714.

Is it bad to use 80% of credit limit?

Bottom Line. Your credit utilization rate affects your credit score. Try to keep your overall credit use to about 30% of your overall credit limit, if not lower. Extend your overall credit availability by applying for additional lines of credit, but don't apply for too many at once.ofw loan without ccsl in hong kong

Why credit score is important?

Companies use credit scores to make decisions on whether to offer you a mortgage, credit card, auto loan, and other credit products, as well as for tenant screening and insurance. They are also used to determine the interest rate and credit limit you receive.

Is it bad to pay off your credit card multiple times a month?

Is it bad to make multiple payments on a credit card? No, there is usually no harm to making multiple payments on a credit card. The only caveat to be aware of is if your linked payment account has a low balance, you run the risk of incurring an overdraft fee if you don't monitor your funds closely.

What credit score do you start with?

Most people's initial credit scores are between 500 and 700 points, depending on the steps taken when establishing credit. However, you won't have a credit score to report if you've never opened a credit account. Read on to learn more about your starting credit score and how to build your credit over time.

What credit card is used in Hong Kong?

Visa and Mastercard debit and credit cards are widely accepted in Hong Kong, and they are a convenient way to make larger purchases or withdrawals of cash from ATMs. It is important to note that some smaller establishments may not accept card payments, so it is always advisable to carry some cash with you.信用卡現金透支利息

How hard is it to get a 850 FICO score?

According to FICO, only 1.6% of the population has an 850 credit score. It's incredibly tough to get there, but reaching an 850 score is possible. The first step in achieving an 850 credit score is understanding how the process works.

How much of your balance should you keep on your credit card?

What Should My Credit Card Utilization Be? Your credit utilization ratio should be 30% or less, and the lower you can get it, the better it is for your credit score. Your credit utilization ratio is one of the most important factors of your credit score-and keeping it low is key to top scores. Here's how to do it.

Can you have a FICO score without credit?

However, you won't have a FICO credit score-which is used by 90 percent of top lenders-until an account is at least six months old. This means that no credit history can be a prolonged problem, even after you open your first account.