*Naw, we ain’t mad at ya, David Howe. As a matter-of-fact, we’re all ears in learning how you managed to do this.
Perfect in anything is hard to achieve, but in credit, it seems next to impossible.
Yeah. Yeah. We know the road to good credit is paying bills on time, keeping low balances on your credit cards, and stuff like that. Some of us actually do that, but still, our credit is a long way from “Perfect.”
So what gives?
“In rare circumstances it is possible to get a FICO score of 850. That’s the good news. Here’s the bad: For a broad section of the population, it probably isn’t possible, even if they do everything right,” former FICO public affairs director Craig Watts is quoted as saying.
Howe, the founder of a company called SubscriberWise, issued the press release through his company; which says that less than 1% of the adult credit consuming population has achieved a “genuine” perfect score. In 2010 SubscriberWise conducted an analysis of perfect scores among its member population finding that less than 2/10ths of 1% of the “scorable” population had a perfect 850 FICO score.
The reasons for this, according to SubscriberWise, is because there is not just one criteria to meet when calculating a credit score, but 10.
“It’s true that the pursuit of the perfect FICO score has been a long-time motivator,” Howe says in the release. “And yes, I intend to reveal virtually every detail of credit data to satisfy both the interest and curiosity of other obsessed-individuals around this country and around the world who also lose sleep over the perfect FICO 850 score.”
OK David. We’ll keep an eye out for the deets. Thanks.
for information in this article.