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.

 

[68-500]

I wish the bastards didn’t even have my name or ss#. I never asked for a credit score. Its just something the banks and government have made up to keep us under thumb. F’ the machine!

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.

They want to loan to people who have enough debt they can’t pay it off monthly they can charge that interest. They also make money off the usage charges. Everyone used to pay for that but, now businesses are getting smarter and charging the card user, cash vs credit prices.

 

[YY1]

Brisket Birria for lunch.

4% discount for cash.

 

[Sixpactogo]

I consider my credit rating perfect. Not sure exactly what it is but since I have no intention of borrowing or changing banks, I really don't care what number they give it. I check it about once a year. Last time I did I think it was around 830 whatever that means. I have two credit cards but only use one and pay it off when the statement shows up. Guess I am lucky since I do remember when I was in my 20s & 30s carrying a balance month to month.
I guess the rating number must be important to someone though. I remember it dropped some when I co-signed a Home loan for my daughter years ago.

 

[Dennis H]

Dinged for closing a Card. Little used with annual fee. 822-811.

 

[AR67GTX]

I’m close but not 850. Just buying a couple of expensive items in one month on a credit card can tank it 15-25 points for a couple of months, even if you pay up 100% each and every month.

A coincidence but my wife was checking the charges on our checking account on the computer yesterday and she remarked they showed our current credit rating as 850. So I guess we probably have bounced off of it a few times. It will be different next week.

 

[sawdoff]

Mine will get dinged in the next couple days. Bought about 6k in material today. It will be at least 3 days before it officially posts so I can pay it off. But it will still ding. But I usually wait til my due date and pay it off in full anyway.

 

[Cranky]

I am sure mine is not very high as I have no credit & no credit cards. I have never bothered to look at my score nor have I ever cared.
Everything I own has always been paid for except my house.

Probably have no score lol

Banks are interested in people that carry a large credit card balance, and make monthly payments way less than their balance, hopefully a couple days late.

IF I ever buy a crate motor for my car, I might try to get a card with cash back first. Maybe.

The credit card companies that have 'clients' that pay off the balance every month are considered 'dead beats'.

Point taken!!
We have some gas stations that have two different prices, cash and credit.
I do what I can do.

I pay cash for the 10 cents off too....something relatively new here.

Credit price higher than cash price for gas is common in california. I have seen as much as twenty cents a gallon.

Wish I could find 20cents off here....only 10

Mine might be perfectly bad. Is a zero possibile?

If you have no credit cards or any other credit....

I had 1 of those 800+ credit scores. The theif that stole my identity thought was real handy. I do my best to have a goose egg now. Nobody wants to bother with stealing id for $500 limit.

I have to keep that in mind.

I have got some good cash back deals over the years. After I bought my Ram, I kept getting emails about a Ram Mastercard, with an offer to give you $100 cash back if you made a purchase at a CDJR dealership within a month of getting the card. I timed signing up until I was about due to get an oil change in the truck. Pennzoil had a $25 rebate at the same time, and the dealer had a coupon on their site too, so I managed to get a 0W-40 oil change in the trucks 6.4 for about $10 when all was said and done.
That card gives 5% back in any CDJR dealer purchase, so I use it from time to time to get that including when I put a deposit down for my Scat Pack purchase.
Discover always has quarterly 5% rebate offers. In summer for 3 months they give 5% back on gas, which is nice during the driving season. Another quarter they give 5% on grocery stores, and another they do it for restaurants.
Recently more and more restaurants and gas stations are charging a premium to use plastic. So the advantages of using cash back cards are diminishing. But over the last 30 years I’m sure I’ve totaled up a nice amount of money utilizing cards with cash back offers and paying my bill in full monthly.

Things look good with you but using credit cards at restaurants is one of the main places that credit cards get scammed!!

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.)

I've been late on a couple of cards but got 'excused' since my rating is high lol

I consider my credit rating perfect. Not sure exactly what it is but since I have no intention of borrowing or changing banks, I really don't care what number they give it. I check it about once a year. Last time I did I think it was around 830 whatever that means. I have two credit cards but only use one and pay it off when the statement shows up. Guess I am lucky since I do remember when I was in my 20s & 30s carrying a balance month to month.
I guess the rating number must be important to someone though. I remember it dropped some when I co-signed a Home loan for my daughter years ago.

As I got older I thought it might be good to have more cards....just in case I ended up in the hospital and then died.....

Dinged for closing a Card. Little used with annual fee. 822-811.

View attachment 1958354

Yup, closing out a card will ding your score...