Valued Contributor
Posts: 1,299
Registered: ‎01-05-2010
Re: Do I need to get a car loan to raise my FICO score to excellent?
[ Edited ]

Clearly your score should be higher based on what you said. Is "a relatively long history with credit and a very low utilization" subjective (your view and wording) or objective (FICO's)? Where did you obtain the score? What's the age of your oldest account and your youngest account, and what's the average age of accounts? How low in percent is your utililzation, and how do you calculate it? How many of your cards report credit limits, and are any of them no preset spending limit or charge cards?

Are you living within your means?