How to get to an 800?

[syeb]

---

@Anonymous wrote:

---

@syeb wrote:
A few more points.

You will need the mortgage to broaden the TL types for the 800 target. The car loan is great but a car loan + mortgage is super.

11 student loans would make me nervous if I were a mortgage underwriter. Is there a possibility of consolidating them?

The least of your worries should be current utilization. There is zero util memory so unless you are actively seeking credit, use the cards all you want - just stay in budget of course. And a couple of months before you plan on applying for a mortgage is when you need to cut it back. Just give it a couple of billing cycles to make sure everyone reported accurately.

---

I don't have a mortgage or a car loan, and my TU score is currently 805.

---

Surprising. Do you have any installment loans at all in the mix? I can't imagine an 800+ credit score with only credit cards.

[Anonymous]

I have a paid off car loan that was closed about 5 years ago...I do have a small 1.9% loan for 4k for a atv I bought. Now that I think of it that might be reporting as a vehicle.

[syeb]

---

@Anonymous wrote:
I have a paid off car loan that was closed about 5 years ago...I do have a small 1.9% loan for 4k for a atv I bought. Now that I think of it that might be reporting as a vehicle.

---

I don't think it matters what the loan was for, or the dollar amount. Just the fact that there is a performing installment type loan in the mix that is getting paid down.