Author Topic: Probably silly but it made me happy  (Read 5046 times)

NV Teacher

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Probably silly but it made me happy
« on: January 14, 2020, 03:22:28 PM »
I checked my FICO score today and it was 850.  Just a number I know but kind of fun to see.  Funny the things that bring me joy these days.

moneypitfeeder

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Re: Probably silly but it made me happy
« Reply #1 on: January 14, 2020, 03:46:26 PM »
Awesome! I'm not quite there, but getting close, and it is fun. I think my most recent was 826. My mom (who has no need for credit really) loves checking her score on credit karma, it's just a fun game of how high can you get your number, and you won!

Retireatee1

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Re: Probably silly but it made me happy
« Reply #2 on: January 14, 2020, 06:55:08 PM »
Mine's on the decline these days from having a "lean file" due to very little debt.

Simpli-Fi

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Re: Probably silly but it made me happy
« Reply #3 on: January 15, 2020, 04:13:03 AM »
I'm north of 800 and find the reasons for the "dings" amusing

Dicey

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Re: Probably silly but it made me happy
« Reply #4 on: January 15, 2020, 05:41:29 AM »
Meh, I don't think I've ever even hit 800 and I live a happy post-FIRE life. The extra points simply don't move the needle enough to bother.

I want to wish you hearty congratulations, and assure others that a perfectly grand life can be achieved without striving to attain this target.

Simpli-Fi

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Re: Probably silly but it made me happy
« Reply #5 on: January 16, 2020, 04:39:39 PM »
While no FI individual should "need" credit...this is only a side effect for us not a mission.  The OP even commented this was silly

BlueHouse

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Re: Probably silly but it made me happy
« Reply #6 on: January 21, 2020, 03:47:24 PM »
I know for mustachians, it's just another metric that's fun to watch, but one of my co-workers is obsessed with hers and believes it really buys her something worthwhile.  She seems to use the "my credit score is great" as an excuse to spend money on silly items.  As far as I can tell, it must only really count towards mortgage or car loans. 

Anyway, yep, it's fun to see when it's free on a statement, but I've rarely gone out of my way to find it. 

DaveSch

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Re: Probably silly but it made me happy
« Reply #7 on: January 22, 2020, 07:36:10 AM »
My FICO toggles between 818 and 839. I only have two credit cards, and not a high limit. I don't have any other recent credit history, so there it stays.
One thing I do is pay off the card at least 3 times per month. This keeps the outstanding balance way down. I froze my credit at the reporting agencies and I don't intend of ever unfreezing it. I don't buy a car often. I'm nearly 70yo and have owned 7 cars. I have enough cash to buy another when needed.

Rosy

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Re: Probably silly but it made me happy
« Reply #8 on: January 22, 2020, 10:49:30 AM »
As of this morning, I'm at 816 and while silly it felt rather good the first time my rating topped the 800 mark.

I have higher credit limits on my cards than I ever expected to see which is a little baffling to me though reassuring in a sense. However, I'm well aware that credit card companies can and will pull or decrease your credit limit whenever it suits them.
In my experience credit has a way of going pouf just when you need it the most.

Sort of like the interest rates going back down just when I was desperately looking for somewhere to put my funds for another three years. Sigh.

Malkynn

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Re: Probably silly but it made me happy
« Reply #9 on: January 22, 2020, 10:57:09 AM »
While no FI individual should "need" credit...this is only a side effect for us not a mission. 

Plenty of FI people need credit: buying real estate, travel hacking, etc. Although, as Dicey pointed out, a super high credit rating isn't actually required for those things.

Rosy

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Re: Probably silly but it made me happy
« Reply #10 on: January 22, 2020, 11:05:15 AM »
Yup - my thoughts exactly, thanks Malkynn ^^^^^

RobertFromTX

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Re: Probably silly but it made me happy
« Reply #11 on: January 22, 2020, 04:17:59 PM »
The rate benefit generally tops out at 740 - such as the Fannie Mae loan level pricing adjustment chart's top category is ">740" (varies among banks or programs).

When I worked as a lender, I did always smile and give a tip of the hat when someone had 800+ though.

https://www.fanniemae.com/content/pricing/llpa-matrix.pdf

BlueHouse

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Re: Probably silly but it made me happy
« Reply #12 on: January 23, 2020, 09:12:42 AM »
Alright, you guys just made me go and look at mine.  Curious why my FICO scores would be different on two different websites (discover and citi)

One was 844 and one was 852.  I thought FICO was FICO.  Couldn't be from a different time period because both sites showed me prior month's score too. 

Simpli-Fi

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Re: Probably silly but it made me happy
« Reply #13 on: January 23, 2020, 10:45:10 PM »
While no FI individual should "need" credit...this is only a side effect for us not a mission. 

Plenty of FI people need credit: buying real estate, travel hacking, etc. Although, as Dicey pointed out, a super high credit rating isn't actually required for those things.
and those things don't sound like needs of someone already FI...hence "need"

Malkynn

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Re: Probably silly but it made me happy
« Reply #14 on: January 28, 2020, 06:03:14 AM »
While no FI individual should "need" credit...this is only a side effect for us not a mission. 

Plenty of FI people need credit: buying real estate, travel hacking, etc. Although, as Dicey pointed out, a super high credit rating isn't actually required for those things.
and those things don't sound like needs of someone already FI...hence "need"

But...there are A LOT of people who are retired whose travel budget depends on travel hacking. Why would being FI make them stop traveling/not utilize travel hacking?

Simpli-Fi

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Re: Probably silly but it made me happy
« Reply #15 on: January 28, 2020, 07:31:16 AM »
reading waaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaay to into a simple statement

Malkynn

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Re: Probably silly but it made me happy
« Reply #16 on: January 28, 2020, 01:20:59 PM »
reading waaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaay to into a simple statement

Uh...yeah...

That's what we do here.

Just Joe

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Re: Probably silly but it made me happy
« Reply #17 on: February 07, 2020, 12:02:48 PM »
Ought to post your happy FICO score to the "Cheap Things that Make Me Happy" thread.

Dicey

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Re: Probably silly but it made me happy
« Reply #18 on: February 07, 2020, 12:58:59 PM »
reading waaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaay to into a simple statement

Uh...yeah...

That's what we do here.
Sitting in my office, in my old bathrobe, counting the minutes until noon, when I can finally feed my hungry face, and this made me laugh out loud. You're the best, @Malkyn! You're funny too, @Simpli-Fi, but Malkynn takes the cake. Now let me at it!

penguintroopers

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Re: Probably silly but it made me happy
« Reply #19 on: February 09, 2020, 06:25:29 PM »
I'm north of 800 and find the reasons for the "dings" amusing

Same.

Reviewing my 'report comments'...

Things that are helping your score:
+ average account age is older
+ average account balance is low

Things hurting your score
- most recent account is to new
- your account utilization is too high

Me: aren't these opposing statements?

TomTX

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Re: Probably silly but it made me happy
« Reply #20 on: February 11, 2020, 09:06:31 AM »
While no FI individual should "need" credit...this is only a side effect for us not a mission.  The OP even commented this was silly

Well, I don't "need" it - I do generate some nice easy cash and travel points every year by having excellent credit.

BudgetSlasher

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Re: Probably silly but it made me happy
« Reply #21 on: February 13, 2020, 06:17:50 PM »
Both mine and the DW float between 780 and 820 depending on the month.

The "reasons" given for the low score are "last of installment payments" or no debt.

We put almost everything on a credit card and as best I can tell the 820 months are low spend months and the 780 months are high spend months. I find it quite funny given that we have never failed to pay the card in its entire amount at the end of the month. Just comes down to credit utilization (perhaps we should ask for a limit increase on the card that we use the most).

dd564

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Re: Probably silly but it made me happy
« Reply #22 on: February 19, 2020, 10:49:11 AM »
I had an 850 a few years back, then it dropped a couple years ago due to a new loan, but now it's back to 849 or 850.

I don't know what good it does me however.

Ladychips

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Re: Probably silly but it made me happy
« Reply #23 on: February 19, 2020, 12:51:56 PM »
Silly or not, I'm glad it made you happy!!  Yea you!!