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I only have 2 credit cards right now, no car loan, no personal loans and no mortgage loan. Is it possible to raise my Fico Auto credit score without having a car loan?
I am not sure of what goes into the Auto score but adding a non-credit card loan with a good payment history would likely help.
People on the boards have mentioned getting a small secured personal loan. You are basically backing the loan with your cash. My understanding is that they then pay down the loan leaving a small percentage of the loan intact to get a payment history on. Hopefully somone who has used this technique will chime in.