How to Get a 850 Credit Score?

How to Get a 850 Credit Score?

Having a high credit score is essential for obtaining a loan, securing low-interest rates, and even getting approved for rental applications. While a perfect credit score of 850 may seem like an ambitious goal, it is certainly achievable with some strategic financial planning and responsible credit management. In this article, we will discuss the steps you can take to improve your credit score and reach that coveted 850 mark.

1. Pay All Bills on Time:
One of the most critical factors that determine your credit score is your payment history. Late payments can have a significant negative impact on your score. To build a stellar credit history, make sure to pay all your bills, including credit card payments, loan installments, and utility bills, on time. Set up automatic payments or reminders to stay organized and avoid any late payments.

2. Maintain a Low Credit Utilization Ratio:
Your credit utilization ratio refers to the percentage of your available credit that you are currently using. Keeping this ratio low is crucial for a high credit score. Aim to keep your credit utilization below 30% by paying off your credit card balances in full each month. Avoid maxing out your credit cards, as it can negatively impact your score.

3. Diversify Your Credit Mix:
Having a diverse mix of credit accounts can positively impact your credit score. It shows that you can handle different types of credit responsibly. Consider having a combination of credit cards, loans, and other credit accounts. However, be cautious not to open too many accounts at once, as it may appear risky to lenders.

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4. Keep Old Accounts Open:
The length of your credit history also plays a role in your credit score calculation. Keeping old credit accounts open, even if you no longer use them, can help boost your score. These accounts show a longer credit history and demonstrate your ability to responsibly manage credit over time.

5. Regularly Check Your Credit Report:
Monitoring your credit report is crucial for maintaining a good credit score. Review your report annually from each of the three major credit bureaus – Experian, Equifax, and TransUnion – to ensure there are no errors or fraudulent activities. Dispute any inaccuracies immediately with the relevant credit bureau.

6. Avoid Opening Too Many New Accounts:
When you apply for new credit, it triggers a hard inquiry on your credit report, which can temporarily lower your score. Try to limit the number of new credit applications you make, especially within a short period. Apply only for credit you genuinely need and be cautious of store credit cards, as they often have high interest rates.

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7. Be Patient and Persistent:
Building a perfect credit score takes time and consistent effort. While you may not reach an 850 score overnight, with responsible financial habits, patience, and persistence, you can gradually improve your credit score. Stay committed to maintaining good credit practices, and you will see positive results in the long run.


1. How long does it take to achieve an 850 credit score?
Achieving a perfect 850 credit score can take years of responsible credit management. However, you can significantly improve your score within a few months by consistently paying bills on time and reducing credit utilization.

2. Is it possible to have a perfect credit score with debt?
While having some debt doesn’t necessarily prevent you from having a perfect credit score, it’s important to manage your debt responsibly. Paying off debts on time and keeping credit utilization low are crucial factors for achieving and maintaining a high credit score.

3. Can closing old accounts improve my credit score?
Closing old accounts can potentially harm your credit score. It reduces the average age of your accounts and may negatively affect your credit utilization ratio. Unless there are compelling reasons, it’s generally best to keep old accounts open.

4. Does checking my credit score frequently impact my score?
No, checking your credit score does not harm your score. However, when lenders or credit card issuers perform a hard inquiry while reviewing your creditworthiness, it can have a slight negative impact on your score.

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5. Will paying off a collection account improve my credit score?
Paying off a collection account generally reflects positively on your credit score. However, it may still remain on your credit report for up to seven years, impacting your score during that time.

6. Does income affect my credit score?
Income is not directly factored into your credit score calculation. Your credit score is primarily based on your payment history, credit utilization, length of credit history, types of credit, and recent credit inquiries.

7. Can a high credit score guarantee loan approval?
While a high credit score significantly increases your chances of loan approval, it does not guarantee it. Lenders consider multiple factors, such as your income, debt-to-income ratio, employment history, and the specific loan requirements, before making a lending decision.

In conclusion, achieving a perfect 850 credit score requires responsible financial habits and consistent credit management. By paying bills on time, maintaining a low credit utilization ratio, diversifying your credit mix, and regularly monitoring your credit report, you can steadily improve your credit score over time. Remember, building a high credit score is a journey, so be patient, persistent, and proactive in managing your credit.

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