Don’t get too excited. Equifax is offering a free “Credit Score Card“, which in reality just gives you a range of what your credit score is. And the score is from their “Equifax Risk Score” system, not a FICO score. (You can still get 30% off a real FICO score with a current my FICO coupon code.) The Equifax Risk Score does range from 280-850, which basically the same as FICO from 300 to 850.
Well, it’s free and it’s from Equifax which has all my personal information anyway, so what the heck. Here are my results:
Key Factor(s) Affecting Your Score:
Because your credit score is in the highest range, you may qualify for some of the lowest interest rates and offers from lenders. Below are the top factors that may be preventing you from achieving an even higher credit score.
- There is insufficient information, or no account history, for one or more types of accounts: for example, auto loans, mortgage loans, personal loans or credit cards.
- The proportion of retail accounts, such as department store cards, compared to all of the credit accounts in your credit file.
It still seems stupid that to get a “perfect” credit score of 850, I’ll need to add an auto loan, a personal loan, and a department store card. I’ll hopefully never have any one of those, and I’m betting I can still get just about any loan out there. Nobody needs perfect credit.