[Jean S]

My husband and my credit ratings are in the 780's - 790's range. I was told it was not higher because our mortgage is paid off, we have no car loans and we never carry large balances on our credit cards? Do you know if that's true?
It makes no sense to me.

[RockinRight]

First off, 780s is nothing to sneeze at and more than “good enough” as 720 is about the highest most lenders expect - anything higher is gravy.

Secondly, if you have “too little” credit, it can impact your score negatively, since there’s less ‘track record’ to go off of.

Keeping your credit card balances at 1% to 9% of total limits, with no more than 4 cards with balances, is the best.

[Ben Mugged]

I believe part of the score is payment history. No history, no score.