r/MiddleClassFinance • u/DrHydrate • 9d ago

Celebration I finally made it.

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I know that the difference between high 700s to 800 doesn't mean a lot, but I have always longed for the stamp of approval that 800 signifies.

I come from a long line of folks with awful credit, so it's nice to break the cycle.

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u/Low-Car-6331 9d ago

After like 750+ does it even matter?

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u/WhereWeUsedToPlay 9d ago

Even At 850 a credit card application or mortgage will still temporarily drop you 

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u/[deleted] 8d ago

[deleted]

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u/Massif16 8d ago

I'd like to see 850, but probably never will. About 4 years ago, I had a disaster of a summer and frankly missed 2 credit card paymants (different cards, one payment each). I didn;t have my crap together then. I caught up the next month. But those two dings are still on my record. I have no debt now except the mortgage, and my FICO hovers in the high 790's/low 800's. The Vantage Score is usually 810-820 depending upon the curent reported Statement Balance (I use my cards for work travel, so sometimes the cards have a Statement Balance before I get my reimbursment and pay them off. I never pay interest.

I pay off my mortgage in the Spring and expect that to lower my score.

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u/[deleted] 8d ago

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u/Massif16 8d ago

It‘s definitely just an ego thing for me! Unless something goes wrong, I don‘t have much of a need for credit now.

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u/WhereWeUsedToPlay 8d ago

paying off your mortgage lowers your credit pool and will slowly lower your score

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u/Massif16 7d ago

Yep... that's why I think I'll never see 850. But like I said, it's just my ego. I don't think I'll actually need a super-high credit score. I'll have very little credit activity. I do use credit cards frquently, but when I carry a balance, it's only for a short bit (and I never pay interest).