835 Credit Score: Is it Good or Bad? - Experian (2024)

Your 835 FICO® Score falls in the range of scores, from 800 to 850, that is categorized as Exceptional. Your FICO® Score is well above the average credit score, and you are likely to receive easy approvals when applying for new credit.

21% of all consumers have FICO® Scores in the Exceptional range.

835 Credit Score: Is it Good or Bad? - Experian (1)

Less than 1% of consumers with Exceptional FICO® Scores are likely to become seriously delinquent in the future.

How to improve your 835 Credit Score

A FICO® Score of 835 is well above the average credit score of 714. An 835 FICO® Score is nearly perfect. You still may be able to improve it a bit, but while it may be possible to achieve a higher numeric score, lenders are unlikely to see much difference between your score and those that are closer to 850.

Among consumers with FICO® credit scores of 835, the average utilization rate is 5.8%.

The best way to determine how to improve your credit score is to check your FICO® Score. Along with your score, you'll receive a report that uses specific information in your credit report that indicates why your score isn't even higher.

Because your score is extraordinarily good, none of those factors is likely to be a major influence, but you may be able to tweak them to get even closer to perfection.

Why you should be pleased with an Exceptional FICO® Score

Your 835 FICO® Score is nearly perfect and will be seen as a sign of near-flawless credit management. Your likelihood of defaulting on your bills will be considered extremely low, and you can expect lenders to offer you their best deals, including the lowest-available interest rates. Credit card issuers are also likely to offer you their most deluxe rewards cards and loyalty programs.

Late payments 30 days past due are rare among individuals with Exceptional credit scores. They appear on just 0% of the credit reports of people with FICO® Scores of 835.

An Exceptional credit score can mean opportunities to refinance older loans at more attractive interest, and excellent odds of approval for premium credit cards, auto loans and mortgages.

Keep watch over your hard-earned credit score

A FICO® Score of 835 is an accomplishment built up over time. It takes discipline and consistency to build up an Exceptional credit score. Additional care and attention can help you keep hang on to it.

Whether instinctively or on purpose, you're doing a remarkable job navigating the factors that determine credit scores:

Utilization rate on revolving credit. Utilization, or usage rate, is a measure of how close you are to “maxing out” credit card accounts. You can calculate it for each of your credit card accounts by dividing the outstanding balance by the card's borrowing limit, and then multiplying by 100 to get a percentage. You can also figure your total utilization rate by dividing the sum of all your card balances by the sum of all their spending limits (including the limits on cards with no outstanding balances).

BalanceSpending limitUtilization rate (%)
MasterCard$1,200$4,00030%
VISA$1,000$6,00017%
American Express$3,000$10,00030%
Total$5,200$20,00026%

If you keep your utilization rates at or below 30%— on all accounts in total and on each individual account—most experts agree you'll avoid lowering your credit scores. Letting utilization creep higher will depress your score, and approaching 100% can seriously drive down your credit score. Utilization rate is responsible for nearly one-third (30%) of your credit score.

Late and missed payments matter a lot. If late or missed payments played a major part in your credit history, you wouldn't have an Exceptional credit score. But keep on mind that no single factor helps your credit score more significantly than prompt payment behavior, and few things can torpedo a near-perfect score quicker than missing a payment.

Time is on your side. Length of credit history is responsible for as much as 15% of your credit score.If all other score influences hold constant, a longer credit history will yield a higher credit score than a shorter one.

Credit applications and new credit accounts typically have short-term negative effects on your credit score. When you apply for new credit or take on additional debt, credit-scoring systems flag you as being at greater risk of being able to pay your bills. Credit scores drop a small amount when that happens, but typically rebound within a few months, as long as you keep up with all your payments. New credit activity can contribute up to 10% of your overall credit score.

Debt composition. The FICO® credit scoring system tends to favor multiple credit accounts, with a mix of revolving credit (accounts such as credit cards that enable you to borrow against a spending limit and make monthly payments of varying amounts) and installment loans (e.g., car loans, mortgages and student loans, with set monthly payments and fixed payback periods). Credit mix is responsible for about 10% of your credit score.

When public records appear on your credit report they can have severe negative impacts on your credit score. Entries such as bankruptcies do not appear in every credit report, so they cannot be compared to other credit-score influences in percentage terms, but they can overshadow all other factors and severely lower your credit score.

The average mortgage loan amount for consumers with Exceptional credit scores is $208,617. People with FICO® Scores of 835 have an average auto-loan debt of $17,030.

Protect your Exceptional credit score

People with Exceptional credit scores can be prime targets for identity theft, one of the fastest-growing criminal activities.

The average synthetic identity theft loss is $6,000 according to data from Experian.

Credit-monitoring and identity theft protection services can help ward off cybercriminals by flagging suspicious activity on your credit file. By alerting you to changes in your credit score and suspicious activity on your credit report, these services can help you preserve your excellent credit and Exceptional FICO® Score.

By using credit monitoring to keep track of your credit score, you'll also know if it starts to dip below the Exceptional range of 800-850, and you can act quickly to try to help it recover.

Learn more about your credit score

An 835 credit score is Exceptional. Get your free credit report from Experian and credit score to better understand why it's so good, and how to keep it that way. Read more about score ranges and what a good credit score is.

835 Credit Score: Is it Good or Bad? - Experian (2024)

FAQs

835 Credit Score: Is it Good or Bad? - Experian? ›

An 835 credit score is Exceptional. Get your free credit report from Experian and credit score to better understand why it's so good, and how to keep it that way.

Is an Experian credit score of 825 good? ›

Your 825 FICO® Score is nearly perfect and will be seen as a sign of near-flawless credit management. Your likelihood of defaulting on your bills will be considered extremely low, and you can expect lenders to offer you their best deals, including the lowest-available interest rates.

What can I get with an 835 credit score? ›

An 835 credit score is often considered very good — or even excellent. With excellent credit, your credit scores become more of a bridge and less of a roadblock — a high score can help you qualify for premium rewards credit cards, auto loans and mortgages with the best terms.

What is a bad Experian score? ›

What is classed as a bad credit score? When it comes to your Experian Credit Score, 561–720 is classed as Poor and 0–560 is considered Very Poor. Though remember, your credit score isn't fixed.

Is Experian the most important score? ›

The main disadvantage of Experian is that, unlike FICO, it is rarely used as a stand-alone tool to make credit decisions. Even lenders that review credit reports in detail rather than go off a borrower's numerical score often look at results from all three bureaus, not just Experian.

What is the most accurate credit score? ›

The most accurate credit scores are the latest versions of the FICO Score and VantageScore credit-scoring models: FICO Score 9/10 and VantageScore 3.0/4.0. It is important to check a reputable, accurate credit score because there are more than 1,000 different types of credit scores floating around.

How many Americans have 825 credit score? ›

Fewer than one-fourth of U.S. adults have credit scores of 800 or higher. Generally speaking, it takes a rather long history of responsible credit behavior to build your score to this level. A credit score of 825 tells lenders that you are highly likely to pay back money that you borrow.

How to increase credit score from 825 to 850? ›

Pay all your bills on time

One of the easiest ways to boost your credit is to simply never miss a payment. The biggest share of your FICO credit score — 35% — is based on how often you make minimum debt payments on time, whether that's for a credit card, personal loan or auto financing.

How rare is an 825 FICO score? ›

Membership in the 800+ credit score club is quite exclusive, with fewer than 1 in 6 people boasting a score that high, according to WalletHub data.

How rare is a 835 credit score? ›

Your 835 FICO® Score falls in the range of scores, from 800 to 850, that is categorized as Exceptional. Your FICO® Score is well above the average credit score, and you are likely to receive easy approvals when applying for new credit. 21% of all consumers have FICO® Scores in the Exceptional range.

How to improve 835 credit score? ›

You can improve your credit score by staying on top of your bills and making on-time payments regularly. When you miss a payment or make late payments, it negatively impacts your credit score. You may also have to pay late payment fees, which wastes money.

How many Americans have an 830 credit score? ›

22% of U.S. Consumers Have Exceptional Credit

But according to Experian data captured as 2023 came to a close, nearly 22% of consumers have a FICO® Score in the highest credit score range—800 to 850. Consumers with scores in this range are considered to have exceptional credit.

How rare is a 750 credit score? ›

Your credit score helps lenders decide if you qualify for products like credit cards and loans, and your interest rate. You are one of the 48% of Americans who had a score of 750 or above as of April 2023, according to credit scoring company FICO.

What percentage of people have a credit score over 825? ›

But according to Experian data captured as 2023 came to a close, nearly 22% of consumers have a FICO® Score in the highest credit score range—800 to 850. Consumers with scores in this range are considered to have exceptional credit.

How many people have an 850 credit score? ›

In the U.S., only about 1.7 percent of the scorable population had a perfect 850 FICO credit score in April 2023, according to FICO data. This suggests that for most people, a perfect score is simply too hard to reach — but it also suggests that it's not really necessary, either.

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