my trans union credit report and score
01-30-2013 06:47 PM
I checked my free report at annualcredit.com and then decided to look at my score. For the $10 you pay trans union, I got a non-start score of 894 out of 990 which put me just below A and in the 84% of the country. All of my debts were list as ok. I don't understand the knocks against. its wierd.
So is this what this means?
1. open more credit cards. Just don't spend any money on them?
2. I refinanced my mortgage to a lower rate 3 years ago. So get this one. I guess my credit score goes up as my mortgage premium goes down? I don't pay points or any extra premium. Interest rates are so low I make more money investing.
3. oldest revolving credit is too recent? Where do I get this? I have 1 credit card that I opened over 20 years ago. I believe I had a few credit cards that have closed from amazon and such cause they gave me $25 off. I never activated them. Is that what this means? These have NEVER been used or even activated.
4. So I need to buy a bigger house with a bigger mortgage? Can someone explain the reasoning of this to me?
I do have a car payment. Surprised that wasn't listed here.
What would I need to do to get to the A range. Is there any value in doing? I'm lost. There is nothing I plan to buy right now.