Comments on: Your Take: What’s Your FICO Credit Score?

By: thomas

thomas — Wed, 10 Jun 2009 05:57:21 +0000

You shouldn’t need it. People would be insane not to loan you money if you owed your home and have a steady income.

By: SavyMom

SavyMom — Tue, 09 Jun 2009 09:34:55 +0000

I agree I have some problems with increasing my credit score because my only debt is my home loan and school loans. I have been told that I don’t have enough debt but I’m planning on being totally debt free soon soooo…… I guess it may be rather difficult to incrase that score.

By: Shock

Shock — Tue, 09 Jun 2009 02:55:31 +0000

You can go from “I don’t know” to “My credit score is xxx” in 5 minutes. Just sign up at CreditKarma.com.

By: Corporate Barbarian

Corporate Barbarian — Mon, 08 Jun 2009 15:48:48 +0000

Jim, You did a nice job in your interview on ABC on the topic of credit reports. Mine’s just over 800, and I no longer have a mortgage. About the only outstanding debt is a car lease.

By: emma

emma — Mon, 08 Jun 2009 15:04:17 +0000

Mine is very low – about 690 at last peek. Having said that, I own my car, I don’t use credit cards and my only debt is a 2.1% student loan. And I have money in several mutual funds, a nice retirement fund through work, a Roth IRA, a savings account and some stock. I guess I just don’t borrow enough to look good on paper?! Whoa.

By: centsiblelife

centsiblelife — Mon, 08 Jun 2009 14:36:17 +0000

Mine is just shy of 700. But like Thomas said it doesn’t matter since I already have all the loans and stuff I need, so it will only go up from here!

By: Kevin@OutOfYourRut

Kevin@OutOfYourRut — Mon, 08 Jun 2009 01:24:52 +0000

Observer–good point. Plus a mortgage is the single strongest entry on a credit report. Rental history doesn’t show up on a credit report–unless it’s a bad rating! For a renter, a credit report can only work against them!

One negative against the homeowner though is that since a mortgage carries so much weight, a late payment or two can send your score right down. And a foreclosure…let’s not talk about what that can do!

By: Observer

Observer — Mon, 08 Jun 2009 00:53:59 +0000

I have never seen but would love to see a homeowner/renter breakdown of FICO scores.

I’m guessing that the mean/median scores for homeowners is at least above the numbers for renters.

Homeowners typically have ‘better’ (for scoring) credit mix (e.g. mortgages, which renters by definition do not have) than renters, longer credit histories, and probably lower debt-to-cr4edit limit ratios.

By: whogivesarat

whogivesarat — Sat, 06 Jun 2009 19:32:16 +0000

Who cares – this is just for fun! Kinda like kids experimenting with their favorite color….

By: Mr. ToughMoneyLove

Mr. ToughMoneyLove — Sat, 06 Jun 2009 04:11:00 +0000

Jim – Your poll is biased because it doesn’t include this answer option: I don’t know.

By: thomas

thomas — Sat, 06 Jun 2009 01:23:10 +0000

I have a “great” credit score, but it doesn’t really mean too much right now. I have a house, I have my car. I don’t carry any credit card debt and have no need to buy anything anytime soon.

By: Deby

Deby — Fri, 05 Jun 2009 23:40:22 +0000

I just happened to check mine this morning. It dropped 9 pts, to 784, probably due to heavier than usual credit usage last month (always paid in full), or possibly because I closed a couple of store cards I no longer use. I had it just above 800 once, I’ve been trying to get it up there again.

~Deby

By: Darin

Darin — Fri, 05 Jun 2009 18:46:43 +0000

Mine was not quite 800 a couple of months ago, I’m sure it dropped a little bit since we bought a vehicle and got a (small) loan, but I’m sure it’s still above 750.

By: John

John — Fri, 05 Jun 2009 18:03:37 +0000

I signed up for myFICO subscription not too long ago. It gave me an Equifax FICO of 714. After it found out that I opened a Discover, it went down to 710.

Creditkarma (Transunion transrisk score) says 732.

My history, student loans started fall 07, capital one and bank of america $2150 total summer 2008, Discover and Citi Forward $6500 May 2009 (after FICO scores), no income. lolololol

By: Bob

Bob — Fri, 05 Jun 2009 16:35:13 +0000

The last time I checked my score was 760 or therabouts…