I'm 23 and my credit score is 741....good?

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Props Slaps
 9 years ago '06        #1
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Pitts Gutta 18 heat pts18
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I'm 23 and my credit score is 741....good?
 

 
I know based on what the creditors say,its excellent credit but what would you say? Any feedback is great feedback....positive or negative. Props to you.

Experian: 737
Equifax: 737
Transunion: 741

57 comments for "I'm 23 and my credit score is 741....good?"

 9 years ago '04        #2
mims820 3 heat pts
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yes, thats VERY good actually. dont ruin it, thats for damn sure.
 9 years ago '04        #3
S|S 
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a credit score is a deadly thing without the proper income to back your moves.
 9 years ago '07        #4
TH35 103 heat pts103
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 Pitts Gutta said:
I know based on what the creditors say,its excellent credit but what would you say? Any feedback is great feedback....positive or negative. Props to you.

Experian: 737
Equifax: 737
Transunion: 741
uhhhh...
 9 years ago '04        #5
Floeji 
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Very nice. S is right. That high score can drop pretty quickly if you get in over your head. Be smart about it.
 9 years ago '06        #6
Pitts Gutta 18 heat pts18 OP
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I am. I have 3 lines of credit in which I buy something small with every month and pay all in full.
 04-02-2009, 12:45 AM         #7
Dat Nucca 
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Try to hold on to those scores for dear life!!!!!!....dont cosign sh!t for no one!...Not for friends not for your girl not even for your own family!!!!.......Make sure you keep tabs on your DTI which is your debt to income ratio......but even more important in the eyes of the credit bureaus is you CREDIT to DEBT ratio, which is essentially how much revolving debt you owe versus your total credit limit. When it comes time to purchase a home (if you dont own already) you will be considered an "A" paper loan (meaning you will get the best deal/excellent rates & terms).

If you wish to retain those high scores make sure that you never exceed more than 50% of your total credit limit. If possible pay your balances in full every month! This will show that you are a safe & worthy credit risk & will ultimately raise your score higher which will in turn allow your credit limits to be raised even higher without you even requesting.


Trust me....I work in the banking industry & handle credit reports all the time....I see people overextend themselves more often then not....ESPECIALLY YOUNG PEOPLE who start off with good credit then get stuck in quicksand. All it takes is a few careless decisions to f**k ya credit up....but it takes years to rebuild it.








Oh....1 more thing......It wouldnt hurt you to sign up for a reputable monitoring serving like 'freecreditreport.com' after the 1st month its only like 8 bucks a month & you can pull a 'light' credit report every month from 1 of the major 3 bureaus without it hurting your score as a "hard" pull. Good way to keep track & make sure everything stays on the up & up.
 9 years ago '04        #8
S|S 
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freecreditreport is wack... myFICO is the only thing a consumer should trust when it comes to credit scores. also there is no way a consumer can pull their Experian score, as they discontinued this less than two months ago. So it's just TU and Equifax that consumers can get, and that's only through myFICO. unless you want a useless FAKO score.

as for revolving credit, it's best to have one or two cards that show a balance of less than 7% or so. paying off everything in full every month isn't really the best thing to do if you're looking to get more credit offers from Prime lenders.
 9 years ago '04        #9
lilsnatch770|M 101 heat pts101
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 S said:
freecreditreport is wack... myFICO is the only thing a consumer should trust when it comes to credit scores. also there is no way a consumer can pull their Experian score, as they discontinued this less than two months ago. So it's just TU and Equifax that consumers can get, and that's only through myFICO. unless you want a useless FAKO score.

as for revolving credit, it's best to have one or two cards that show a balance of less than 7% or so. paying off everything in full every month isn't really the best thing to do if you're looking to get more credit offers from Prime lenders.

S is exactly right. What I do for this is every once in a while when I know I'm getting a nice check from work or I know my money is fine, I'll spend like 40-60 bucks on my credit card and only pay half off. Then I get the late charge and all of that and THEN pay it off.

My credit score is about the same as yours. When I checked in December I was at about 763 or so. I can't wait to get a full time job and go to buy a house or car and get a nice interest rate.......
 9 years ago '04        #10
S|S 
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word. can't wait to get in the game as far as houses are concerned. mom has bad credit so we currently can't get a house, but once my steady income game is on lock, it's on.
 9 years ago '04        #11
jumpman2304 25 heat pts25
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where should i go to get a credit check or score? my s**t is madd f**ked up from college bills racking up and a cc i f**ked up when i was 18...


on the credit card i got my balance up to $800 didnt pay it for like 5 months then when i talked to a crediter they said pay 400 now and its off your a.ss... so thats what i did... dont know if i still took a hit on that or not though
 9 years ago '04        #12
S|S 
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http://slumz.boxden.com/showthread.php?t=1219623 ... myFICO

as for the paid collection you did, i hope you had an agreement with them to wipe that negative off your report. if you didn't, there's a good chance it's still on there, and you'll see it once you check your CR.


Last edited by S; 04-02-2009 at 12:12 PM..
 04-02-2009, 12:38 PM         #13
Dat Nucca 
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 S said:
freecreditreport is wack... myFICO is the only thing a consumer should trust when it comes to credit scores. also there is no way a consumer can pull their Experian score, as they discontinued this less than two months ago. So it's just TU and Equifax that consumers can get, and that's only through myFICO. unless you want a useless FAKO score.

as for revolving credit, it's best to have one or two cards that show a balance of less than 7% or so. paying off everything in full every month isn't really the best thing to do if you're looking to get more credit offers from Prime lenders.
I wouldn't know which consumer credit report service is best becuz I can pull credit from the big 3 anytime I want for mortgages but they are hard pulls.

But I can tell you from direct experience that if you pay your hal in full every month your credit limits will increase more rapidly. I personally went from 2.5k to 10k in 6 years...along with a few other tricks that helped out
 9 years ago '04        #14
S|S 
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Yeah, when people come in to talk mortgages or, for example, lease agreements for a car, the lender makes a hard pull. As a consumer, we can only pull TU and EQ, and the only real FICO scores come from myFICO.com All other scores are considered FAKO, which aren't real scores. And for those wondering, the scores pulled by a mortgage broker or car dealer won't necessarily be the same score as you pull from myFICO, as scores are weighed specifically depending on what type of credit you're looking to get from a lender. But it's important to point out that these internal scores are based from FICO scores, not FAKO.
 9 years ago '07        #15
[MK] 
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I'm 20 and mines 748.. woop-di-doooo

4 lines of credit, paid in ful every month.

Brand new 2009 Civic Si, and an IRA...

I wanna buy a house soon since the market in michigan has gone in the s**tter.

I saw a 3 acre property with a 3 car garage and a 4 bedroom house for 17,000. I almost s**t myself!!!
 04-02-2009, 08:27 PM         #16
yungb 
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 Pitts Gutta said:
I know based on what the creditors say,its excellent credit but what would you say? Any feedback is great feedback....positive or negative. Props to you.

Experian: 737
Equifax: 737
Transunion: 741
How did you get your Experian score?


Last edited by yungb; 04-02-2009 at 08:30 PM..
 9 years ago '04        #17
S|S 
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Pitts, where did you get your scores from? It's not myFICO (at least not recently) since they no longer offer Experian scores...
 9 years ago '04        #18
damedolla 
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What about annualcreditreport.com.??.You get your one free credit report a year and you can pay for your FICO score, about $8 from each of the 3 bureaus..This is the only official "Free credit report site" backed by the 3 credit bureaus.
 9 years ago '06        #19
Blockburner28 65 heat pts65
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I used my creditkeeper.com

They have an simulate your credit feature also. So you can see what happens if you pay so and so for 12 months or be late by 1 month and how much your score will raise or drop.
 9 years ago '04        #20
S|S 
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 damedolla said:
What about annualcreditreport.com.??.You get your one free credit report a year and you can pay for your FICO score, about $8 from each of the 3 bureaus..This is the only official "Free credit report site" backed by the 3 credit bureaus.
AnnualCreditReport is the best source to pull your credit reports from on a yearly basis, as it provides more in-depth detail of your accounts. However, the site does not provide you with FICO scores. Your credit reports are free from AnnualCreditReport, and that's really the only thing you should be utilizing the site for. Remember, a credit report and a credit score are two different things.
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