Sentences with phrase «fico high achievers»

FICO high achievers have a well - established credit history and seldom open new accounts.

Plus, learn how your score factors compare with the common factors of FICO High Achievers — people with a 785 + FICO ® Score 8.

FICO high achievers typically have long, well - established credit histories and rarely open new accounts, FICO said.

People with a credit score of 800 or more — people we call FICO high achievers — have excellent credit habits that we can all learn from.

As such, there's no way to know for sure if having added six cards to your credit report has hurt or helped your score, though the highly informative «FICO high achievers» study tells us that people with scores of 785 and higher tend to have fewer cards than you, with seven cards (including open and closed) on average and only four cards or loans that carry balances.

FICO high achievers with a credit score of 800 or more have the following credit habits on amounts owed:

Next, review the total amount of credit outstanding and see how it measures with the FICO high achiever characteristics mentioned above.

Not exact matches

FICO «high achievers» — those consumers with scores above 800 — use just 7 % of their available credit on average.

FICO discovered a bit of a surprise in 2012 when it looked at what it calls «high achievers,» or consumers with a score of greater than 785 out of a possible 850.

FICO recently reviewed the profiles of consumers it calls high achievers (those with scores in the 750 - 850 range) and found that 72 % of those with scores from 750 to 799 — and 95 % of those with scores of 800 or higher — had no late payments on their credit reports.

FICO found that the highest achievers had much older accounts than those of the total population, which helped to boost their scores:

Sadly, a score of 800 or more — the holy grail for «high achievers» on online FICO forums — won't make you thinner, smarter, richer or more attractive to lenders or anyone else.

FICO's analysis found that their «High Achievers» had an average of four cards with balances.

1 High achievers analysis was completed using April 2012 data and FICO ® 8 Scores from a leading consumer reporting agency.

Consumers whom FICO dubs «high achievers» (the 37 percent of Americans with credit scores of 750 and higher) have an average of seven credit cards, both open and closed, Dornhelm said.