What's up everybody welcome back to my channel today's video is gon na be about. Do we need that 800, 850 FICO score or credit score that everybody talks about that everybody is just like that's the goal. That's the one to have. Let's talk about this, make sure you give me a thumbs up if you find this video helpful and also, if you're new to the channel, we're all about credit, how to build your credit, credit, hacks credit tips and also traveling a lot to do.

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I've never had an 850 credit score, never had a hey 50 kind of squirt never been within the proximity of even maybe he's 40 points to it. I would say my highest was about an 8/10 and at that point I was it was really high, but once you start applying for credit cards and things that nature had dropped from me. So at this point in time, when I last checked my FICO score through Wells, Fargo's application - I was at a 778 which is extremely well. There is nothing wrong with being on a 778 at the age of 24 years old, nothing wrong with that, but you got a score at 21.

You got a square at 20, it does not matter the age, I'm just saying, and it's possible. You have people that are probably 20 with a 50 credit scores, but no, it does not matter and the reason why it does not matter somebody who comes in there with a 778 versus the person who comes in ever at the 8, 40 or 50 if you're. Looking for a car be looking for a mortgage once you're at that 747 50 range, depending on the lender, 747 50, maybe 760 ever Dylan was my really picky and up are all treated the same they're all going to get that best. Buyers rate they're all gon na be a well qualified buyer, I'm not sure you've ever heard of that before, but that's the main reason why, once you have achieved that 747, 50 and again, maybe 760 as time goes on and may get you know harder, just like Degrees, you know: first, it was good to have a diploma that it was nice to have an associate's and then you got to have a masters and you got ta.

Have it yesterday, but pretty much again right now. 740. 750. Really.

752 sounds nice to me. That's what you want to aim for 750 is really nice, 760 Islam and once you're there, I'm not saying you can place in a strike and crazy and drop your score, but it's okay! If your score come, you know fluctuates a little bit. Then you know, if you're applying for credit cards, if you're applying for mortgages, that's what your score is supposed to do. Your score is never supposed to just stay still, it's not what a score does your heartbeat does not stay the same.

I don't know why you would expect a credit score to say the same. I know that was kind of weird comparison, but your heartbeat does not say the same. Every you know minute. So your credit score won't change.

Won't, you know be the same every month, and it's perfectly fine for that to be. You can be applying for things you could be not applying for things and, depending on what you're doing your credit school will show that, I would say, 850 credit score or 800 credit score is more sort of a bragging right, because there is a 900. There is a 950 there is in a thousand, there isn't a 1200 credit score or a 2,000 credit score. The only reason that 850 is, you know, wanted so badly is because that's not you know, everybody wants to be that that top and I've never personally on a personal level on somebody not through you to anything, but as in my circle, never seen anybody with a 50, I don't think I've ever even heard of somebody with a perfect 850 score.

Maybe eight 40s, maybe a the reason - that's awesome for them, but I know I step into a institution and they step into an institution. I have a really high, seven, almost close to eight, maybe just twenty to twenty-five point side of that versus them, and eight hundred we're going to be looked at exactly the same as far as the score is concerned, and when it comes to that the income ratio. When it comes to your credit history, as far as did you have any collections that you have many bankruptcies, did you have any this? Did you have any of that now we're talking the score is just like. Okay, I see now when you're looking at the credit history now we're talking well, the person would have to eat something they had.

You know a couple bankruptcies. The person with the 780 never really had any bankruptcies at all, never had collection accounts or anything. Now we're going to be known, everybody get into the nitty-gritty of things were the person who has a eight hundred plus credit score. It has too much debt for me to approve this person for me to approve them again, so that the income is again like underwriter terms, but you know you have enough.

You have too much debt out there versus the income that you bring it on a yearly basis. So if you have a hundred thousand dollars that you're bringing in on a yearly basis and your debt is like four hundred thousand dollars boy, that is off that's off the charts right and you're - probably not gon na get approved for something versus the person. Who has a 787 or a seven, I'm thinking about planes and stuff 787? You have somebody who has maybe like a seven, seventy, eight or a seven eighty and their debt to anchor it shows extremely low. Maybe they only have two thousand dollars off their worth of debt and they bring on my 80 grand a year.

Hey, I like that person better. So again, the score is just like a little bragging right. When underwriters look at things, they look more at the score. They look again and look at the score, obviously because they can kind of kill you if you got a 500 or 400 goodbye, if it's something like a mortgage or something really big and fancy they'll stop there, but when it comes to well, let's look at the Actual history: that is what matters so this piece of this number disputed a number.

Yes, it matters to an extent it matters for bragging rights, maybe until you're at like a 750 760. It matters as far as approval to be well qualified after out of 750 and up. You really got to focus on your history, your credit report itself and even when you're not there, but you really want to be focused mostly on what you're doing don't have collections. Don't have this, don't have that and your school will follow and keep up with that.

That's it that's what I got to say about it. You, let me know what you think about it again, I'm not pressed on being an 850. I am a perfectionist, I'm a perfectionist, but I'm not perfect and 850 is a perfect score and I'm not pressed on being that way. So, that's not me.

I'm cool with my 7 I'm school. My 7 70s. My 7 80s I'm cool my 7 sixties. I'm cool with that even 750.

Is I'm fine, so you guys, let me know what you think about it. If you don't mind sharing where you are as far as credit score, there's that nature definitely do so, not something that people really like to talk about or number but hey. I share mine. If you want to share yours or say your story, go ahead, that's my take on this.

What do you guys think make sure again you like to subscribe to this channel I'll, see you in the next video take care.