![]() Source: Stan Kelman Or does it? America may finally be approaching what could arguably be called peak credit score. While there are competing models, almost anyone with a credit card knows that a number typically ranging between 300 and 850 holds huge sway over their financial life. But over the years the number has become much more than that-it’s now an American totem of success or failure, hope or despair, security or risk. That’s according to Fair Isaac Corp., the company behind the 28-year-old scoring model used by lenders to predict whether you will pay back a loan. consumers have FICO credit scores, while just under 3 million, or about 1.4 percent, have perfect 850s. Within a year, Kelman thinks he can reach 850, too. Six months ago, when some big credit blemishes finally dropped off his report, his score reached as high as 842. Her husband, a self-described credit card-obsessive, was also working on his own record. “I’m very proud of it.” Anna, his wife, let him direct the strategy for managing her accounts-whether to apply for new credit, when to ask for higher limits, how much of those limits to draw on. “It’s a personal achievement,” says the 44-year-old business analyst and data scientist. It took Stan Kelman three years of monitoring and tinkering to muscle his wife’s credit score to a perfect 850. ![]()
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