Most people know that it’s important to have a good credit score. Having good credit means that you’ll be offered better interest rates, which will save you a lot of money. The higher your credit score, the more it will benefit you.

As a result, many people strive to get a “perfect” credit score. What is a perfect credit score? This typically means scores that are 800 points or above. For FICO and VantageScore, the highest credit score you can achieve is 850.

While it’s not easy, it is possible to get an 850 credit score. However, in order to do that, it will take time and patience. It’s also important that you follow the best practices for managing your credit and focus on improving the key credit score factors.

According to FICO and VantageScore, around 1% of Americans have a perfect credit score. The percentage of Americans who have credit scores of 800 or above is slightly higher.

If you want to get a perfect credit score, start by tracking your credit on a regular basis by checking your credit reports at all three credit bureaus (Equifax, TransUnion, and Experian). Then try to only use a small fraction of the credit that is available to you, namely no more than 10% at a time. Use credit cards for bills that you pay regularly such as utilities and phone bills so that your credit card activity is consistent. Finally, pay your credit card bills on time and in full every single month.

While it’s not essential to have an 850 credit score in order to get the best rates on a mortgage or other loan, it is in your best interest to strive for a perfect score. The lowest interest rates are offered to people with credit scores of 740 or higher. You’ll also get access to higher tier credit cards and enjoy lower pre-approval rates.

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