Thanks for the advice.
Maybe I could have phrased my question better. I used the term need pretty loosely, yes I known its not necessarily. I was more concerned as to what effect a small loan would have on my chances of getting a mortgage vs the positive effect it would have on my credit.
Trust me I'm cheap all of my furniture is second hand. As far as cars go, my parents only bought used, they threw away so much money getting them fixed, only to get stranded some place. I didn't want to go that route, but everyone has different experiences. I like new cars, run clean and little maintenance.
DTI is under 4%, I think I more on beer every month. is it any new debt or only when you reach a certain threshold that it becomes an issue? To me I can't see why banks would stress over such a small amount, but its their money. I have 13 years of positive history, just no open installment loans was just hoping to gain a few points before pulling the trigger on a mortgage.
If all else it one less thing I have to move, lo
