What is the highest achievable FICO score?

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October 2016
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The highest possible FICO score is 850, the lowest is 300.

Your credit score is calculated from your credit report and there are many different ways of doing this. Here is a good post about your credit report versus credit score.

The concept behind the FICO score comes from the Fair Isaac Corporation, they apply different weightings to components of your credit report such as:

  • Payment history
  • Accounts owed
  • Length of credit history
  • New credit
  • Credit mix

In general, a FICO credit score above 650 is considered good, although many people strive to be above 750. It is practically impossible to score a perfect 850 FICO score because there are a lot of different items from your credit report which go into calculating your FICO score. Keep in mind that different lenders (mortgage, credit card, automobile loan) will use different methods of credit scoring to assess your credit risk.

 

Stephen Rischall, CRPC

October 2016
October 2016
October 2016
October 2016