Posts: 13,897
Registered: ‎04-15-2011
Re: If you only have 1 CC, 0 or 1% util?

You do have high scores and congrats to you on that.  However as you have said you do have a thin file.  This may prevent you from getting some credit lines due to the fact you have but 1 revolving account.  The general rule is 3 revolving accounts to make full use of it.  I do advise only apping for anything if you absolutely need, or want it.  If you take the hit now for Inqs and the AAoA they will age rather quickly and will demonstrate better use of revolving credit.  Good Luck!

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!