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	Wanted: The Elusive 850 TrueCredit launches national hunt for perfect credit score January 25, 2005 — A perfect credit score of 850 is a rare and exceptional achievement. With scores ranging between 300-850, earning the best possible credit score reflects years of excellent financial management and credit use. In order to recognize those with stellar credit, TrueCredit.com is launching a national search for consumers who have achieved the perfect score. “Earning a credit score of 850 is a big deal. There are only a handful people in America who reach this milestone,” said John Danaher, President of TrueCredit.com, a leading provider of online consumer credit products. “We want to recognize consumers who have managed their credit responsibly over the years and help others learn from their example.” In February 2005, TrueCredit will award anyone in America who has earned a score of 850 with $1,000 and a lifetime of free Credit Alerts to help them maintain their perfect score and guard against identity theft. You must achieve a score of 850 when you order TrueCredit’s score based on TransUnion data. “To reach 850, you have to build up a history of sensible credit and debt use over many years,” said Danaher. “But in return for this hard work, consumers with a perfect score can save thousands by getting the best possible deals on loans and credit cards.” What does it take to reach 850? TrueCredit.com offers the following tips for credit score improvement: 1. Be punctual – Pay all your bills on time. Late payments, collections, and bankruptcies have the greatest negative effect on your credit score. 2. Check your credit regularly and take the necessary steps to remove inaccuracies – Don’t let your credit health suffer due to inaccurate information. If you find an inaccuracy on your credit report contact the creditor associated with the account or the credit reporting agencies to correct it immediately. 3. Watch your debt – Keep your account balances below 50% of your available credit. For instance, if you have a credit card with a $1,000 limit, you should try to keep the balance owed below $500. 4. Give yourself time – Time is one of the most significant factors that can improve your credit score. Establish a long history of paying your bills on time and using credit responsibly. You may also want to keep the oldest account on your credit report open in order to lengthen your period of active credit use. 5. Avoid excessive inquiries – A large number of inquiries occurred over a short period of time may be interpreted as a sign that you are opening numerous credit accounts due to financial difficulties or overextending yourself by taking on more debt than you can easily repay.
		For more information please contact: Zachary Hastings Hooper press@truecredit.com (212) 255 8455