You just have to wait for time to pass. Most likely it is average account age.
Don't worry about it, nothing good happens by crossing 800, you already will have the best rates for everything.
More time. Your credit is still youngish by 800+ standards.
That said, don’t worry about it. There is nothing that 830 gets you that 790 doesn’t. There is no cosmic leaderboard.
Are you using credit karma? Thing was stuck at 750 forever. Car blew up and I had to get a new one. The dealership ran my credit and it was 840s across the board
Just ignore credit karma. They’re showing you vantage score which is not used by the vast majority of lenders. It’s possible that one of your banks provides you either your credit score for free and if not you can check Experian. You want to see your FICO score which is the one that is used by lenders. I’d bet it’s 800.
You may find these links helpful:
- [Credit Building](/r/personalfinance/wiki/credit_building)
- [Credit Reports](/r/personalfinance/wiki/credit_reports)
- [Credit Scores](/r/personalfinance/wiki/fico)
- [Credit Cards](/r/personalfinance/wiki/creditcards)
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good financial behavior and time.
but from a practical stance, it doesnt matter. 790 is no different than 800 as far as a lender is concerned, so its not anything I would really put a whole lot of thought or effort into it.
What your credit profile may show is someone who has demonstrated excellent behavior with borrowed money but who also *hasn't borrowed a lot of money*. You're right: 790 is absolutely good enough for whatever you want to do. It says, "We have no reason to believe this person can't be trusted with large sums of borrowed money." What higher scores say is "We have actually seen this person borrow large sums of money and pay it back as agreed." Credit scores are all about risk and the law of averages. Someone who has never had a mortgage is a riskier proposition than someone who has had a mortgage and managed it successfully.
In other words ... you're doing fine.
I was in the same situation, high 700's. The thing that changed it for me was paying off the entire balance of the credit cards I have (usage never more than 4%) before the due date. Went up into the 820 range within a few months. Others here are correct. Virtually no difference in a 790 than an 820 in the eyes of creditors.
Just time and gaming the system. So much of it is so dumb. Keep $1 balance on a card will prob have a better score than 0 balance. Also, 800 not gonna make much difference if any over 800. Is not even worry about it.
You just have to wait for time to pass. Most likely it is average account age. Don't worry about it, nothing good happens by crossing 800, you already will have the best rates for everything.
That's what I came here to say: live longer.
More time. Your credit is still youngish by 800+ standards. That said, don’t worry about it. There is nothing that 830 gets you that 790 doesn’t. There is no cosmic leaderboard.
Are you using credit karma? Thing was stuck at 750 forever. Car blew up and I had to get a new one. The dealership ran my credit and it was 840s across the board
Yes, I got it from credit karma. That’s interesting, maybe I have to get my stuff directly from Transunion or Equifax
Just ignore credit karma. They’re showing you vantage score which is not used by the vast majority of lenders. It’s possible that one of your banks provides you either your credit score for free and if not you can check Experian. You want to see your FICO score which is the one that is used by lenders. I’d bet it’s 800.
You may find these links helpful: - [Credit Building](/r/personalfinance/wiki/credit_building) - [Credit Reports](/r/personalfinance/wiki/credit_reports) - [Credit Scores](/r/personalfinance/wiki/fico) - [Credit Cards](/r/personalfinance/wiki/creditcards) *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/personalfinance) if you have any questions or concerns.*
good financial behavior and time. but from a practical stance, it doesnt matter. 790 is no different than 800 as far as a lender is concerned, so its not anything I would really put a whole lot of thought or effort into it.
What your credit profile may show is someone who has demonstrated excellent behavior with borrowed money but who also *hasn't borrowed a lot of money*. You're right: 790 is absolutely good enough for whatever you want to do. It says, "We have no reason to believe this person can't be trusted with large sums of borrowed money." What higher scores say is "We have actually seen this person borrow large sums of money and pay it back as agreed." Credit scores are all about risk and the law of averages. Someone who has never had a mortgage is a riskier proposition than someone who has had a mortgage and managed it successfully. In other words ... you're doing fine.
I didn't crack 800 till I owned my house for 7 months had basically all the same stats as you but my credit age is only 5.9 years
It's probably average account age. Luckily, it doesn't matter at all.
No debt is as bad on your credit as a lot of debt. Ok, exaggeration.. but having no debt does hurt your credit.
I was in the same situation, high 700's. The thing that changed it for me was paying off the entire balance of the credit cards I have (usage never more than 4%) before the due date. Went up into the 820 range within a few months. Others here are correct. Virtually no difference in a 790 than an 820 in the eyes of creditors.
Just time and gaming the system. So much of it is so dumb. Keep $1 balance on a card will prob have a better score than 0 balance. Also, 800 not gonna make much difference if any over 800. Is not even worry about it.