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Give Him Some Credit
One Man’s Quest for Perfection.
by Hannah Ash
L
now the perfect credit score (not 850),
and that’s what he wants; he wants
to get you thinking differently about
credit. The ambitious CEO of Grayson
Financial Services and The 990 Club
believes that a credit score of 990 is a
goal well worth setting (and achiev-
ing). Dr. Grayson is a man on a mission
and his mission is to empower Amer-
icans to acquire financial literacy and
excellent credit.
In this economy, his message of
hope is both a rarity and a beacon of
light. “Do you know what FICO stands
for?” Dr. Grayson asks. That most peo-
ple can’t answer this question, he says,
is indicative of a problem. Dr. Grayson
believes that as a country, we need to
acquire a richer understanding of how
the current credit scoring system works
and what we can do to improve or
perfect our scores. He is eager to point
out that in the year 2000, a new credit
regime quietly took over and rewrote
the age-old model….too quietly, he im-
plies. In previous years, he begins, “As
long as you paid your bills on time, you
could expect to have good credit...but
in 2000, that changed.”
ong after everyone else has taken off for the weekend, Dr. Michael C.
Grayson enthusiastically discusses the ins and outs of credit from his
empty New York office. Dr. Grayson’s finance and credit service, The
990 Club, was inspired by a rather lofty goal; to help his clients achieve
the perfect 990 credit score. 990? He knows it may surprise you to learn that 990 is
A
mericans, and their credit
scores, now fall under
the FICO-based system;
FICO, or the Fair Isaac
Corporation, scores are calculated
based upon the length of credit history,
amount of money owed, types of credit
and newly opened credit while the
payment history is a mere 35% of the
score. What this means, Dr. Grayson
concludes, is that a millionaire many
times over who always pays her bills
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