[Gogar]

+1 rick, 805 is as close to perfect as you will ever get. Credit scores are not a reflection of your "performance", they are an indication to financial institutions of HOW GOOD OF A DEBTOR you are.

Being a GOOD DEBTOR means that you can generate "income" for the institution with a minimum of risk. for example:

One of the major factors in determining your credit score is your debt/available credit ratio in your revolving credit. (Credit Cards.) You will typically score better if you utilize (carry a balance) equal to about 20-25% of your available revolving credit.

So, if you have let's say, one credit card with a $10K limit, you will typically score better if you ALWAYS carry about $2500 on it, and occasionally pay it off, then throw $2500 back on it a few months later.

If you never ever carry a balance on your credit card, the bank will never collect any fees, which makes you less attractive of a DEBTOR in their eyes, hence the lower score.


Silly, isn't it? Yes. But don't worry about it. 805 is fantastic.

The "equifax" report does have a nice section that shows some of these ideas, which I think is cool.