Following is an article from Bankrate.com with some credit basics everyone could learn from: Perfect credit? You don't need it The highest-possible FICO score is 850, but even people with the best credit don't usually exceed 825. Those last 25 points wouldn't save you money on a loan anyway. By Bankrate.com You're one of the lucky ones in the financial pecking order: Your credit score is high. Really high. But what if you want perfection? Get a hobby. Having a high credit score is great. But the slight difference between very high and perfection just won't make a difference in your everyday life. A credit score is your credit history at one point in time, reduced to a single number. One of the most popular credit-scoring models, the FICO score, can range from 300 (very bad) to 850 (solid gold). But don't expect to see many 850s walking around. "It's very rare to be there," says Maxine Sweet, the vice president of public education with Experian, one...
