771 Credit Score – HOW HIGH OF A CREDIT SCORE IS ENOUGH?? How to Pad Your Score Against Diff Lender Scoring Models
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
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:
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:
NO PRE-ROLL ADS*
NO MID-ROLL ADS*
NO ADS WHATSOEVER*
NO AFFILIATE LINKS
NO REQUESTS FOR SUBS OR LIKES
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???
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.