Is It Possible To Have a 900 Credit Score?

900 credit score

When your credit score is low, all you can think about is how to raise your score. This is because your credit score affects how your interest rates are calculated, and this means your bills will be more expensive until you pay off your loans. 

Interest rates as a result of low credit scores can add up very quickly. But what’s the credit score that you should aim for? And how do you get there? We’re going to break it down for you!  

What is the highest credit score you can get?

First of all, a 900 credit score isn’t really possible. And just 1% of the population can achieve a credit score of 850, so there’s a certain point where trying to get the highest possible credit score isn’t realistic at all. Only a few credit score models have a credit score limit of 900 as is. For instance, both the FICO and VantageScore models max out at a score of 850

How are credit scores calculated?

You don’t only have one credit score. Different credit reporting bureaus calculate your credit score differently. Today, we’ll explain the most popular credit model, which is FICO, and from there, you’ll be able to understand how credit bureaus calculate your credit score. 

How is your FICO credit score calculated?

Here’s how FICO looks at your financial history and ultimately calculates your credit score:

  • Payment history: 35%
  • Debt or amount owed: 30%
  • Length of credit history: 15%
  • New credit: 10%
  • Credit mix: 10%

Benefits of an excellent credit score

Solid credit scores open up a lot of doors. Here are just a few reasons why raising your credit score is worthwhile. 

Access to a range of loan products

Lenders will practically be beating down your door to give you money if you have an excellent credit score. But beware of the risks associated with opening too many loan products, like credit cards, because it can be tempting. Make sure you don’t overspend and undo your hard work in the process. Having access to these tools can be great in the event if you ever need them. 

Better chance of rent approvals 

Your credit score is often the first thing that landlords look at when going through rental applications. Your high credit score will help you stand out in the rental process. 

Bigger limits

Bigger limits allow you to charge more or use more of your lender’s money. This has its obvious benefits, but there’s a little more to it than simply having access to more credit. Greater credit limits also make it possible for you to keep a big separator between your balance and what is available, which is your credit ratio. 

Insurance discounts

One of the first things that insurance providers look at during the approval process is the credit scores of applicants. Lenders label people with high credit scores as more reliable and they are more likely to approve candidates with high credit scores than those with low ones. 

Better rates

Better interest rates are the result of better credit scores. When you have a strong credit score, your interest rates will be lower when you take out personal loans, credit cards, mortgages, and car loans. Not there yet? MoneyLion’s Credit Builder Loan can help you. Get up to $1,000 with no hard credit checks. You’ll also be able to obtain affordable payments and boost your credit along the way. 

7 ways to achieve a perfect credit score 

There are many ways to raise and fix your credit score. Here are seven helpful tips. 

1. Maintain a consistent payment history

Consistently paying back debt is the best way to raise your credit, but it takes time. Speaking of time, make sure you pay your bills on time. Create a pattern of consistency that you can show to lenders, and from there, you will start to see your credit rise over time. 

2. Monitor your credit score regularly

Make sure there aren’t any major snags along the way as you work to raise your credit score. Monitor your credit score regularly. If you need help with that, MoneyLion’s Credit Builder Plus membership makes it easy thanks to its 24/7 monitoring. 

3. Keep old accounts open and use them sporadically 

Your credit score is affected by your credit history as well as how long you have been building your credit. So, your old accounts will play a key role in defining the length of your credit history. Keep old accounts open and make sure you use them from time to time. 

4. Report your on-time rent and utility payments

Your credit is affected by the payments that you make, including rent payments and utility bills. Make sure the major credit bureaus know that you pay your rent and utility payments on time because this information can help you increase your credit score. Our Credit Builder loan program offers monthly reporting, which is a key factor in raising your credit score. 

5. Increase your credit limit when possible  

As you pay your bills consistently, ask your credit card company for a credit limit increase. Having higher credit limits is a sign that you can be trusted to pay your bills on time. This will translate to a higher credit score over time as well. 

6. Avoid maxing out your credit cards 

Your credit score can decrease if or when you max out your credit cards. This is called a credit ratio. Your available credit should be much higher than your credit utilization. 

7. Balance your credit utilization 

It’s best if you keep your credit utilization rate at 30% or less. For example, if your credit limit is $5,000 in total, then your credit utilization balance shouldn’t exceed $1,500. 

Are you working on your credit score? MoneyLion can help! 

There is no such thing as a perfect credit score, but you can always work on improving your credit and getting it as high as possible. MoneyLion offers the Credit Builder Plus program, which can help you improve your credit score over time. 

The process is very easy. All you have to do is apply for a loan and pay back the balance every month. We’ll report your on-time payments to the three major credit reporting agencies. At the end of the loan’s term, your credit score will increase. Plus, you’ll also receive the money that you put towards the loan in the first place. It’s easy!

Get started today by signing up for MoneyLion’s Credit Builder Plus program.


What percentage of the population has a credit score over 900?

Only about 1% of people have a credit score of 850 because 900 isn’t realistic.

Can I buy a house with a credit score of 780?

Yes! There’s a lot you can accomplish with a credit score of 760 or higher.

Is a 950 credit score possible?

No, 850 is typically the highest.

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