Is a 900 credit score possible?

_{Is a 900 credit score possible?, realistic goal, British Columbia}

Getting a 900 credit score in Canada is a daunting goal, much like hitting a hole-in-one. While rare, aiming for a score in the high 700s or low 800s by paying bills on time, maintaining low credit balances, and a diverse credit mix is achievable. With Canada’s average around 672, scoring 760+ is a major win!

_{Achieving a 900 credit score: Is it a realistic goal?}

Question

Is a 900 credit score possible? I’m curious about whether it’s truly possible to hit a 900 credit score. Is this a realistic goal, or more of a theoretical maximum that people don’t usually reach? What does it take to get there?

From: Anonymous Question, Vancouver, British Columbia (BC)
Topic: Credit Rebuilding

Debt Insiders Answer

Yes, hitting a 900 credit score in Canada is indeed possible but think of it more like aiming for a hole-in-one—it’s a lofty target few actually hit. That top score is more of a symbol of perfection rather than a common goal. But if you’re eyeing those lower 800s, you’ll want to focus on some key habits: pay your bills on time, keep that credit card balance low, and show a long-standing positive history. Also, don’t go overboard with credit checks and diversify your credit mix a bit. While getting up to 900 is quite the uphill climb, nudging your score into the high 700s or beyond (like above 760) is totally within reach and opens up awesome credit opportunities. The Canadian average sits around 672, so nailing a 760+ is an epic win on its own. For more juicy details on how to ace this credit game, check out some trusty Canadian credit resources.

From: Insider Adam

Office of the Superintendent of Bankruptcy (OSB) Answer

A credit score of 900 is not a realistic goal for most individuals. Credit scoring models, particularly FICO and VantageScore, typically have a maximum score of 850. While a score close to 900 may theoretically exist, it would require an almost perfect credit history, including a long track record of on-time payments, minimal credit utilization, an extensive credit history, and a variety of credit types. However, achieving a score significantly above 800 is generally considered excellent and sufficient for obtaining the best credit terms available.

The documents reviewed do not contain specific sections related to credit scoring parameters as they predominantly focus on debt and insolvency regulations.

From: This answer is provided by scanning the Bankruptcy & Insolvency Act and related directives from the Office of the Superintendent of Bankruptcy (OSB).

Related Questions

Here are the top 5 most frequently asked questions related to achieving a 900 credit score, based on common online searches and current trends:

1. What is the highest credit score possible?

A 900 credit score is the highest possible credit score.

2. How do I get a 900 credit score?

To get a 900 credit score, you need to pay your bills on time, keep your credit utilization low, regularly check your credit report, keep older credit accounts open, and limit new credit applications.

3. Is a 900 credit score realistic?

Achieving a 900 credit score is extremely rare and difficult, with only about 1% to 6% of people having scores at or above 850.

4. What are the benefits of having a 900 credit score?

Having a 900 credit score qualifies you for the lowest interest rates, highest credit limits, and most generous rewards and benefits on financial products.

5. What credit score range is considered excellent?

A credit score of 760 or higher is considered excellent[2][4][5].

If you have a question about debt see our debt questions or ask your own debt related question.

References

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