The highest possible credit score
What is the highest possible credit score? Well, if you look at the traditional credit score models you usually see that 850 is agreed to be the highest possible credit score.
Now, there are credit score models that do allow for scores higher that 850. The VantageScore goes to 990, but it starts higher. The model coming up with the score is different as well.
Actually, a free years back TrueCredit was running a contest to find someone with a perfect credit score. That was defined as having a 850. Unfortunatly, no one claimed the prize and I am not sure if they still run it.
The highest possible credit score is something that we will never see in a life time or maybe better compared to a blue moon. It is rare and I am not talking just by a little, but only a hand full of consumers have scores that high. Also, chances are if you have a score that high you are so financially well off that you use credit as a matter of convience compared to carry all the money you could potentially spend.
Is it a goal you should set for yourself? As much as it would be amazing to have the highest possible credit score, it is hardly attainable. So more relistic goals should be set such as falling in the excellent credit score range.
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Tags: Credit Score, credit score range, good credit score
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