Should I get more credit?

[Anonymous]

Although my revolving debt only shows 3%, my installment debt from student loans is 100% because I'm still in school.  I'm wondering if I should apply for more credit to bring my overal debt-to-credit ratio down.  It is currently 77%

[LilloEsquilo]

No. Installment debt util doesn't hurt your score as much as revolving.

[pizzadude]

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@LilloEsquilo wrote:

No. Installment debt util doesn't hurt your score as much as revolving.

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+1.  You should really just focus on your revolving debt, and it sounds like you already have a handle on it.  Good job !

Installment %util is a negligible FICO scoring factor compared to revolving %utilization.

[Revelate]

If you only have one credit / charge card, I'd suggest getting another just from a scoring perspective.

2+ not really any need to get additional ones.  Beyond that what others have posted is correct, you're not going to affect your utilization much with another tradeline.

[Anonymous]

Thanks for the feedback y'all.