Does a person with a perfect credit rating exist??

[YY1]

My credit union card is fixed 9%.

Almost all cards now are variable and as high as 20%. Some are more.

I haven't seen one below 10% in a long time.

 

[Hey-O]

My gf gets two offers a week from discover, and shreds them.
I might sign up for a discover..... but I never get one, lol.
(But, if you forget to make the payment on time, just once, the interest and late payment charges eat up ALL that tiny bit of cash back, several times over.)

Just use it like cash and you won't have to worry about late payments.

 

[RR Fan Dan]

My bureaus stay locked.

This is good advice. Mine are locked too. For those who don’t know, you can go online to all the big 3 credit reporting agencies and freeze your accounts. What that does is prevents anyone from accessing them. I’d applying for credit in your name. You can temporarily unfreeze them if you need to apply for credit. It’s a bit of a pain if you are applying for credit, but if you are like most on here, you aren’t applying for any new loans. It doesn’t affect your credit usage with already established accounts. It’s good peace of mind to do this as your identity can not be stolen.

My credit union card is fixed 9%.

Almost all cards now are variable and as high as 20%. Some are more.

I haven't seen one below 10% in a long time.

I have had a Capital One card for over 30 years. It’s still at the 7.99% I opened it at. I pay off every month anyway, but just knowing I beat the bank on that one, makes me smile. It’s the card I use for everything as a thanks to them.

 

[Budnicks]

What is perfect? I've never looked.

I think 850 is the best...

I've been over 800 a few times
Never any/or no late payments, no default on loans, no bad check
I don't surf for credit cards, have the same I've had for 35 (?) years now
Am-Ex, Visa (buss. card) Mastercard thru my bank,
recently Capitol One (not the best co.) all platinum cards
Discover, but I quit using it

(Stopped when I saw what they charge their %s of my profits, for using the cards at the suppliers
was like 5% for Discover Cards to run a customer's card, it take $$ out of my profits
Golf Pro shop for 10 years, when others were like 1.5% for Visa, like 3% for AmEx,
a nobody bank cards, with cash back crap, were like 4%, for me to run their cards
I had a sign that would say; I charge an extra 4% for discover cards to the bill)

paid off every home early
I have no real debt, except taxes & utilities etc.
now that I'm retired & not raking in the $$$, I'm sure it will go down too
I still do pay off my credit cards monthly, now &
I try not to carry much balance ever
easy for accounting too...
but they ding your credit rating for that too, seems stupid

 

[Budnicks]

830-835 for years. Doesn't vary much. I get dinged because I don't use enough of my "revolving credit." IE I pay off my **** every month and they don't make a dime of interest on me.

same, same here.
for years
I haven't even checked it of late

 

[toolmanmike]

814. It hovers around there. No bad debt that I know of although it's been a long time since I have checked with the credit bureau to see if I have a medical copay that I missed on a medical bill.

 

[t.flatt]

It's pretty weird that being in debt helps your credit rating. The more kinds of debt the better! Home, credit card, whatever. I think it is paying on those debts on time every month is is what they look at.

 

[toolmanmike]

It's pretty weird that being in debt helps your credit rating. The more kinds of debt the better! Home, credit card, whatever. I think it is paying on those debts on time every month is is what they look at.

Yep, you can borrow a lot of money and as long as you pay it back in a timely manner you aren't a huge risk. There is a debt ratio that they look at so you don't borrow too much.

 

[Triplegreen500]

Yep, you can borrow a lot of money and as long as you pay it back in a timely manner you aren't a huge risk. There is a debt ratio that they look at so you don't borrow too much.

Yep. That's called DTI - Debt To Income. That, and your borrow-payback habits.