Only about 1.6% of the U.S. population with a credit score has a perfect 850, according tospoke to, a perfect credit score is not necessary to qualify for the best credit cards, loans and interest rates. In fact, reaching a credit score of 760 will likely get you all the same benefits — and the best deals — on everything from mortgages and car loans to credit card rewards.
"The best published interest rates for auto loans are 720+ and for mortgages 760+," financial expert John Ulzheimer, formerly of FICO and Equifax, tells CNBC Select. "As such, I always tell people, shoot for 760 or better. That way, they're safe for all loan types and cards." "If you're above 760, or 780, certainly you're already getting the best you can get," Droske tells CNBC Select. "You're already hitting that pinnacle of what [lenders]
"Anything above that is really just maybe a little pride," says Droske. "When you have already reached the summit, no need to look for a ladder."Even a representative at FICO — the scoring model most lenders use to check applicants' creditworthiness — says
The reason it doesn't matter is because it likely means you aren't using your credit very often for anything, and what good is credit if you don't use it? I use my credit quite often to get rental property mortgages, which causes inquiries and dings credit.
Our current economic collapse is the end result of 40 years of Paul Volcker's usury bomb, and you're encouraging more people to use credit? lol.
Clickbait trash
It is all that matters.
ME
Can’t hurt.
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Source: CNBC - 🏆 12. / 72 Read more »