Building an 800+ Credit Score

To Build an 800+ Credit Score, acquire at least three credit sources whose average age is seven years old, have no negatives on your credit report, no collections, and have a maximum of 10% credit utilization.

The requirements for an 800+ score  are rarely stated but here's what I have experienced personally and discovered from my research.

• You must have at least three sources of credit.  An example  might be  two credit cards and a car loan.  A house loan or rental house loan are also excellent additions.

• You cannot have any missed payments on your credit report in the last 7 years.

• You cannot have any Collections in the last 7 years.

• Bankruptcy, I am certain you cannot have one in the last 7 years.  A Chapter 7 bankruptcy will stay on credit reports for 10 years from the filing date, while a Chapter 13 bankruptcy generally remains for seven years from the filing date.

•  Your average credit history must be at least 7 years old.  If you are 18, You will need help  by becoming an authorized user on an old account of a parent or family friend.

• Your credit utilization needs to be under 10%. 

It is simple to build an 800+ credit score but it will take time.  Always make your payments on time, get multiple sources of credit, keep your utilization low and in time your will have an 800+ score.