How to utilize a good score?

Questions › How to utilize a good score?
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Cindy Guffey asked 5 years ago

Hi all!

Onwards and upwards I started my journey in earnest in the middle of February with low-600 scores. I had an old collection (GW deleted now), and some bad lates (still have them, some are FedLoan so they won't come…
Seeking Forum Advice Seeking Forum Advice on these badies and rebuilding credit. Status below:                                                     EQ                                                TU                                                EX                                                    575                                               574                                               569Payment History                  Fair                                               Fair                                              FairDebt amount                         Good                                          Good                                          GoodLength of credit history     Exceptional                              Exceptional                              ExceptionalNew credit                              Exceptional                              Exceptional                              Exceptional Not…
This forum has been awesome/amazing/incredible! I've been on this forum for about a week now.  I've learned so much in this short period of time. I've always been interested in keeping my fico score above 700.  I've only kept 5 credit…

 

New member here who stumbled upon this forum researching the Marriott Rewards Credit Card. I didn’t realize there was a whole community dedicated to getting the best FICO scores. 

So I have a pretty good FICO score, 803 and 800 last I checked. I made the (one) smart realization when I was in college that if I get a credit card early in life, and just make every payment in full, then my credit score would be awesome! I read that advice while browsing some forum about finance.

 

Anyway, problem is I have no use for my credit score. I have no debt and no future plans on taking on any loans. I just got approved for the Marriott card for 28k, so my utilization is now around 80k. What other benefits are there for having a high score? Seems like unless I’m taking on a loan, there’s really no benefit.

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