Currently, I have 3 Installment accounts (2 car loans and a personal loan) and 2 Installment account (2 credit cards). No lates, always paid on time. Credit cards are at 10% utilization.
Soon, I will only have 1 Installment account, as 1 car loan and the personal loan will be paid in full within the next 2 months. How will this affect my credit score? Should I try to get another credit/charge card? Any suggestions would be greatly appreciated!!
Starting Score: 505 1/15/12
They are both unsecured cards- Cap One $300 and CU bank card $1500
My sorry for the type-o...I meant 3 installment (2 car loans and personal loan) and 2 revolving (Credit cards).
As far as my goals, I would really like to have a 700+ score, but I know it takes time. I really messed up my credit a few years ago and have been working hard to clean it up. I have no outstanding debt, except for the 5 accounts listed above. All have been paid on time. However, because of my carelessness when I was younger, I have 4 CO and 2 CA on my credit report. All have been paid and have a 0 balance. I really wish I would've found this site before paying them off, as I could have tried a PFD for each baddie. I'm on my second round of GWs to hopefully have them removed.
Starting Score: EQ=567, TU=564 4/17/12 
Wooohoooo!! Just updated my credit score and had a 20 point jump!! 1 CA fell off from my 2nd round of GWs!! Thank you to everyone on this forum!!!
I just realized that my original question from this thread was never really answered....should I go about getting myself another CC, as 2 Installment accounts will be falling off soon?
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