How to get a perfect credit score?

Is it really possible to have a perfect credit score?

YES and there are approximately 1 million Americans that have earned a perfect credit score.
If you want to be a part of that elite group you better pay attention to the articles in this credit blog.

Most people’s credit scores rank in the 700 range on their credit reports and approximately 1 million people in America have a perfect credit score of 850. That elite group of is less than 1% of the population in the United States.

While you may put forth tremendous effort to try and earn a perfect credit score of 850, a perfect credit score is not necessary to achieve the same benefits of a person with a perfect credit score. Generally speaking if you have a credit score of 760 or above you will likely get the same financial benefits as someone with a credit score of 8oo or 850.

Now maintaining a credit score of 760 is not so easy either but is definitely can be done.

To reach the 760+ range you will have to learn how to master more than just the basics such as.

Maintaining a positive payment history and a low debt to credit ratio are both very important.

The bulk of your credit score is graded by your past and current payment history and the amount of debt you may or may have currently on file. Those with perfect or near perfect credit scores use their credit on a regular basis while steadily paying their debt off on time and are consistent in this positive and responsible financial behavior.

This also means this elite group of people holding an 850 credit score usually have spotless records and when we say spotless we mean spotless. We are talking about NO LIENS, NO BANK REPOSSESSIONS, and NO SETTLEMENTS. Nothing but positive and responsible behavior.

These people usually maintain a diverse set of accountants.

Credit lines fall into two major categories.
Installment financial accountants are closed ended and require the borrower to pay a fixed amount each and every month back to the financial lender until the balance is paid off. These types of credit lines generally include home mortgages and or automobile – car loans.
Revolving financial accountants on the other side of the spectrum limit the credit line but the balance often fluctuates. These kinds of accountants are credit cards.

People with the highest credit scores have a carefully blended mix of both kinds of financial accountants “Installment accountants and Revolving accountants“. They will usually have a home mortgage, a car loan and a few credit cards.

These people also have a well aged credit record.

A perfect or near perfect credit score does not come over night and takes years of responsible behavior on your end to achieve.

The bottom line here is PAY your bills early or on time EVERY TIME.
Use your credit responsibility and do not spend more than you can afford.
Do this and over the course of several years you should have a good credit score but you are probably reading this because you want a perfect credit score and there is good news! This Credit Blog is here to provide you with answers to your questions and this is just the first article!

 

 

 

 

 

 

 

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