Fewer than 1% of American consumers have a perfect FICO credit score, but that doesn’t mean it’s impossible. However, a perfect credit score requires a thorough understanding of the FICO scoring model, as well as a deliberate combination of good debt and credit behaviors that show lenders what a low credit risk you are.
Here’s what a perfect credit score is, and what you might need to do in order to achieve it.
With a perfect credit score, loan approvals could be easy. Image Source: Getty Images.