Concerning the auto loan yes if you paid it off you would lose points but you said you had the funds so why not just pay it down to under 10% which would give you a score bump and still have a loan showing on your report
The cards you have are enough to keep building credit, Adding more really wouldn't help you at this point. I would sit on those and use them and ask for increases from time to time.
@frankjaeger wrote:Does anyone need more cards? Do people on here that have cards with $60,000 limits need that? Does my grandma need 30+ credit cards for every single store when she doesn't use any of them?
The question was more along the lines of "what's the next step in my credit rebuilding journey?" and not really "I NEED MORE CARDS NOW!"
I have those cards, I have an auto loan, I don't need a personal loan for anything. If I did, I would jut pay it off right away. Just curious on the best way to keep this growing and keeping my score increasing.
The most beneficial thing you can do is garden. Focus on what you have by taking care of them and seeking out CLIs where they'll allow. Time, proper usage and on time payment history are the things that will help your scores the most. Try to keep your reporting aggregate balances under 5%. Keep any one card from reporting anything over 9% usage. Maybe consider practicing AZEO or AZE2 (if you're not already). The other thing that will get you a boost in scores is when your loan gets paid down to 9%.
Just as a general caution, I wouldn't recommend adding any more cards at this point. More doesn't equate to better and that practice will start working against you and your scores, especially with the likes of Experian for example, who can hit you with lower scores being they can be more sensitive than the other two agencies when it comes to new accounts and inquiries. Just my 2¢
