Credit Repair

771 Credit Score – HOW HIGH OF A CREDIT SCORE IS ENOUGH?? How to Pad Your Score Against Diff Lender Scoring Models

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771 Credit Score – Highest Rated?

Many Consumers wonder why there are such big differences in scores when Lenders run their credit. For many Lenders, the excellent score range begins at 760 and above. So how confident should a Consumer with a #CreditScore of 771 from Credit Karma, Experian, or some other free credit provider feel knowing there’s a likely chance a Lender will generate a score below 760 when they run the Consumer’s credit using their own proprietary scoring model?

Getting to 800 is considered a safe benchmark but takes time. The road to 700 is much easier than to 800 because it’s not a linear timeline due to the complex credit algorithms that crunch Consumer data.

Here’s a quick checklist in getting well above 800 and staying there:

1. Apply for lots of cards (Revolving Accounts) and use them every month for low transactions
2. Have at least one loan (Installment Account) reporting
3. TIME

Time is the most important factor in getting above 800 and staying there. It will likely take at least several years of making payments and having those Lenders report those payments and low balances. More payments pads the #PaymentHistory factor of a credit score, which contributes the most. I’m not suggesting overspending but simply implying that by breaking up transactions for items you would buy anyways into smaller ones across all your cards, you will benefit with an increased credit score over time. The low monthly transaction credit strategy across many cards is a tried and true method many credit gurus and specialists practice.

For more information on how small payments increase a credit score, see Screaming Lincolns video HOW ONE-DOLLAR PAYMENTS GREATLY IMPROVE THE PAYMENT HISTORY FACTOR OF YOUR CREDIT SCORE here:

https://youtu.be/8wYnhDEwxQE

For an in-depth video that covers all aspects of Payment History, see Screaming Lincolns video EASY WAYS TO HACK PAYMENT HISTORY FOR 800 CREDIT SCORE here:

https://youtu.be/NCY-plYpHps

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JUST THE DATA. Use this data to your benefit. Watch again or watch other Screaming Lincolns videos to build your own understanding of credit.

You won’t find annoying, lengthy intros for Calls-To-Action for Likes, Bell Notifications, Subscribe, or Sales Pitches in any Screaming Lincolns video, just the data. Your time is too important. Too much time is wasted in YouTube videos with Creators’ lengthy intros telling Viewers to Like/Sub/Sign-up for this&that blah blah.

Please break my conchae with your fist if I ever request you, the Viewer, to “Hit that Like Button” or “Tap that Bell Notification” in any Screaming Lincolns video.

Please share this video with someone who could benefit from it. The credit game is best played in multi-player mode, as multiple signup bonuses can be scored with the right strategy. Referrals are always nice for yourself! You’ll go further in your credit journey with an accountability partner, too.

Got a question? Don’t be shy! Hit me up in the Comments anytime!

What are you waiting for???

~Cap

DISCLOSURE: The information in this video is not financial advice and is for informational purposes only. Please consult a licensed finance professional or credit repair specialist for more detailed information as needed.

*As of NOV 2020, YouTube IS IMPOSING ADS on channels that are not monetized. I’ve purposely kept my channel AD-FREE but YouTube is imposing ads on my channel and I cannot stop it. Nor am I receiving any compensation from it since my channel is NOT MONETIZED. Sorry if you see any ads. Just know, they’re not because of me. I promise to make it known when my channel is monetized.

Thanks for watching the 771 Credit Score video!

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6 Comments

  1. Smart ChaChing
    July 31, 2021 at 10:39 am

    Hey there, I found you have a deep understanding about credit score. I am real estate agent and have a group 10k who like to know more about you and your content. Would it be cool to chat?

  2. DoubleQz
    July 31, 2021 at 10:39 am

    My strategy is to continue to use my 13 credit cards responsibly in 2021 and not apply for any new personal cards until 1/2022 but I will apply for at least one business credit card because I want to get into chase family. I still have 5 months to meet the Amex platinum and BCP spend. Thanks again for the tip about the dormant credit card usage. I really enjoy your videos!!😄

  3. Jeff E
    July 31, 2021 at 10:39 am

    #LongGame. 684 on both bureaus in Canada and 2 of 3 charge offs dropping from my file by next May, so I'm on my way. 5 credit cards including Cobalt and two installment loans as well. Just need higher limits over time and for hard inquiries to drop off.

  4. 451Credit
    July 31, 2021 at 10:39 am

    Time is not on your side. Another great video.

  5. johnny bryant
    July 31, 2021 at 10:39 am

    Also on the myFICO app it shows that it's possible to be a Fico high flyer (785)with one missed payment, if it's more than for years old . As I said as of right now my late payment is 3years and 10 months . Also what do you think about secure loans?

  6. johnny bryant
    July 31, 2021 at 10:39 am

    I have the my Fico credit monitoring app and I'm 666 Equifax 697 Trans union and 706 Experian but on credit karma I'm 762 on Transunion and 762 on Eqifax . I know the vantage 3.0 scoring model is different from Fico it's just frustrating. All my utilization is at 2 percent I have 7 credit cards with 55,000 available credit. And I am an authorized user on 3 other cards limits 22,000, 12,500 ,10,000 I have no auto loan and no personal loans on my profile. I have a late payment that was 3 years and 11 months ago ( I know that doesn't effect vantage ) what do I do to improve??????