Michelle Singletary, personal advice columnist for The Washington Post, recently wrote that her perfect 850 credit score went down after she paid off her mortgage.
It was an interesting article and explained how and why your credit scores are calculated. FICO scores, the best known and widely used, rate consumers on a scale of 300 to 850. The higher your score, the better borrower you’re considered to be. FICO score is a credit score created by the Fair Isaac Corporation (FICO).
I had a perfect 850 credit score. Then I paid off my house. – Washington Post – September 8, 2023
What’s Bedford Thinking, do you know roughly what your credit score is?
- 800 plus (57%, 88 Votes)
- 700 - 799 (26%, 40 Votes)
- I don't know my credit score (14%, 22 Votes)
- 600 - 699 (2%, 3 Votes)
- 500 - 599 (1%, 2 Votes)
- 400 - 499 (0%, 0 Votes)
- 300 - 399 (0%, 0 Votes)
Total Voters: 155
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