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USM Professor Offers Perspective on Credit Scores for Financial Website

Fri, 01/05/2018 - 10:09am | By: Van Arnold

Dr. Wayne Kelly

Dr. Wayne Kelly, Chair of the Department of Finance, Real Estate, and Business Law at The University of Southern Mississippi, offers expert analysis about credit scores as part of a feature by personal finance website WalletHub (

WalletHub is a personal finance website that launched in early August 2013. The site is based in Washington, D.C. and owned by Evolution Finance, Inc. – parent company of the credit card website

The highest credit score one can reach is 850. That's the maximum credit score used by all of the most popular credit-scoring models today. While less than one percent of people have that highest possible credit score, according to score providers, far more can claim to have perfect credit.

For some outside perspectives on just how realistic reaching the top of the credit-score scale is and how fruitful of an accomplishment that would be, WalletHub posed the following questions to a panel of personal finance experts.

  • Is there any point in trying to reach an 850 credit score? Would reaching the highest possible credit score save someone with excellent credit any money?
  • What percentage of people would you say have an 850 credit score?
  • What is the best piece of advice you have for someone shooting for an 850 credit score?

See how Kelly answered the questions here: