i just checked my credit score i am 23 years old and its 836 is that a good score?

Answer 1

Almost perfect.

Answer 2

There are several different scoring systems being used. With just about every one an 836 would be considered good. But how good depends on exactly which system was used.

For example the FICO score is the most popular and range from 350-850, but probably less than 5% of the population has a score that high. One factor is length credit history, since you are 23 the longest history you can legally have is 5 years. It takes sometimes a decade or two of credit history to be able to get to this level. So it is unlikey that you got a FICO score.

One of the other competing scoring systems is called VANTAGE. This system ranges from 501-990. For this an 836 is still good, but probably closer to average/sightly above average.

Answer 3

It's unlikely that 836 for someone that young is an actual FICO credit score.

One of the heavier factors in a Fair Isaac score is age of accounts. At 23 your oldest account might be 5 years old (older if you were an authorized user).

If you didn't check at myfico.com, it's likely that what you saw is what's typically referred to as a "FAKO" score, meaning a credit score generated by anyone other than Fair Isaac.

And if it *is* really above 800 due to being an authorized user on another card, it's worth noting that those factors will no longer count starting next year.

Answer 4

Yes, it is a very good score. Businesses, in general, will accept an application with a score of 650 or better. 650 would be considered acceptable and average, but, not high enough to qualify and individual for the best interest rate or not high enough to be considered A+ credit. There are several factors involved in analyzing your credit report, however. The length of time accounts have been open, the balance owed on accounts and the debt ratio between the payments you are obligated to monthly vs your monthly income.

Answer 5

rankings run from 350 to 850, so 836 is a suitable score, fantastically for somebody who has in common terms been the right age to get credit for approximately 5 years. After 10 years in lending and surprisingly much 10 years in actual property revenues earlier that, it would very unusual for it to be precise.

Answer 6

Numberwise thats an excellent credit score. But credit counts on how old is your credit history too.

Answer 7

That's an excellent score if it's a FICO. Average FICO score is 725.

Equifax uses FICO but the other two use their own scoring system which goes up to 950 (I think). Creditors use FICO.

Answer 8

Considering that 850 is the highest you could have, yes it's excellent.

Answer 9

hmmmm. I thought that 800 was the highest.