Senior Contributor
Posts: 3,065
Registered: ‎11-02-2009
Re: Please help verify or bust a myth...

Some people do see a benefit from adding a mortgage loan to their profile.  It improves your mix of credit.  At the same time, it adds a new account, so you'll get dinged for an inquiry and lowering your AAoA. 

 


Starting Score: ~500 (12/01/2008)
Current Score: EQ 681 (04/05/13); TU 98 728 (01/06/12), TU 08? 760 (provided by Barclay 1/2/14), TU 04 728 (lender pull 01/12/12); EX 742 (lender pull 01/12/12)
Goal Score: 720


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