@Anonymous wrote:
Yes, 4 accounts, all credit cards. utilization 8%, avg age 3 years, 4 mo. 816, 830, 828. Beat that diverse credit portfolio myth. Never had installment loans, mortgage, or student loans.
Thanks for the data point. A few months back a poster reported having an 850 on one of 3 CRAs with only credit and charge cards on file (total 5 cards as I recall). He did not speak to credit mix and it certainly is possible to have an 850 without an Exceptional mix rating.
Still, installment loans can add points to make up for deducts in other areas. There are enough testamonials to state that as fact. None of this means you must have an open loan or even closed for a top Fico 8 score if other factors are optimized. However, it appears that EQ/TU/EX Fico 04 and EX Fico 98 have less "wiggle room" on category deficiencies.
Curious - How does myFICO rate your credit mix category given 4 total accounts, all being credit cards?
Fico 9: .......EQ 850 TU 850 EX 850
Fico 8: .......EQ 850 TU 850 EX 850
Fico 4 .....:. EQ 809 TU 823 EX 830 EX Fico 98: 842
Fico 8 BC:. EQ 892 TU 900 EX 900
Fico 8 AU:. EQ 887 TU 897 EX 899
Fico 4 BC:. EQ 826 TU 858, EX Fico 98 BC: 870
Fico 4 AU:. EQ 831 TU 872, EX Fico 98 AU: 861
VS 3.0:...... EQ 835 TU 835 EX 835
CBIS: ........EQ LN Auto 940 EQ LN Home 870 TU Auto 902 TU Home 950
