One of my negatives lately has been a lack of installment loans like an auto loan.
I guess I should go vehicle shopping?
@Lucifer wrote:One of my negatives lately has been a lack of installment loans like an auto loan.
I guess I should go vehicle shopping?
Uhhh... no. Much better to be out of debt than in debt. I don't care what FICO 8 says 
@SouthJamaica wrote:
@Revelate wrote:
@AllZero wrote:
@Revelate wrote:
Yeah I got that with my HELOC when it was at 93% or whatever and appears you might be able to get that with all credit union cards even or limits >= 35k as another. Not every tradeline counts in all parts of the algorithm.
What is the revolver you have a balance on AllZero and what balance vs limit on each?Individual CL <35K so should be fine for FICO algorithm.
I forgot to enter the individual UTI. I did too many edits in my previous post before it spam filter locked me out.
PFCU revolver. Individual utility was 5887/10000. 59% rounded.
Goes to my working theory that CU cards (or some) are excluded: EX FICO 2 absolutely excluded my DCU tradelines from the revolving activity metric and like you that's how I had both high credit usage and no revolving activity on my report at the same time.
SJ had a slew of CU accounts and wind up with that too, I don't recall what they all were but moral of the story is when your FICO score counts and absolutely when chasing a mortgage, do AZEO on a national bankcard, of 25k or less limit or whatever to be absolutely safe.
To what does your working theory -- that some or all credit unions are excluded -- apply? I.e., from what are they excluded? On EX Credit Works they certainly appear to be counted for number of accounts, utilization percentages, age of accounts, etc. Is it just the "revolving activity metric", and if so what does that mean, if anything, in practical terms for one's scores?
Just revolving activity and while I would have to go check it was something like -7 on EX FICO 2... that actually matters if you aren't gold plated as it's nearly half a mortgage tier.
Sort the lack of installment loans with a share secured loan or whatever, yeah there's some FICO industry options which care if you don't have an auto loan on them but those are wtfever for typical credit products.