Re: Do I need to get a car loan to raise my FICO score to excellent?
01-14-2013 02:20 AM
Just as an experiment I overpaid the two credit cards that I use for everyday purchases by over $500 a piece yesterday so I will have a ZERO BALANCE or a credit balance on all my cards to see if that increases my FICO Score to that magic 760 level.
This will tell me once in for all if it is possible that some people just can't reach that 760 score even thoough they have:
A PERFECT PAYMENT RECORD
A Long History with Credit
A CLOSED Car Loan and Mortgage on their records
And ZERO Balances on their credit cards