Susan O’Neal
Susan O’Neal is a 64-year-old woman who lives in the outskirts of Kansas City, Missouri. She has a credit score of 840. Even though this score is regarded as almost mythical to bankers, she obtained this magnificent credit score by doing a few straightforward things during life. Mainly, the moment she turned 18, she got a few lines of credit open and paid them off, in full, on a monthly basis. Additionally, she got school loans and paid them off, in full, on a monthly basis. Thirdly, she obtained a vehicle when she was 26 and paid this car off, entirely, and on time. She got a new house young and paid the entire mortgage loan off in a timely manner, over 30 years. She has an excellent history with many personal lines of credit and therefore has an impressive credit score.
What does this score mean?
If you have got a credit score close to 840, you are one of the few within the entire country. This score is better than most in the entire country. This score is not only higher than the national average, but it’s believed to be impossible to get. With this particular score, you could obtain a personal loan of virtually any amount (if it’s within reason), you can acquire a home loan which has a wonderful rate of interest, you could have a few credit lines with large limits, etc. When you have a score around 840; you’re in the green for finances. You’ll be considered a financial asset to loan companies, instead of a financial risk.
How do you get a credit score around 840?
If you are with a credit score around 840, you could have done these things with your finances:
• Always paid the full balance on credit cards.
• Paid every balance, entirely, on mortgages.
• Recently had a large purchase that you’ve paid off entirely.
• Paid each bill by the due date from credit lines.
• Recently paid a student loan or debt.
• Had a lengthy history with creditors.
How would you boost this credit score? – You can’t. This score is perfect!
How would you maintain this score?
• Continue your relationship with creditors.
• Continue to pay your bills, entirely, each and every month.
• Never forget to pay for a bill.
• Continue making purchases just like you already are.
