No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
Hello all...I am stoked, since my Walmart TU FICO rose 68 points this month, from 708 to 776! Now, it says that my #1 factor affecting my score is lack of recent installment loan experience, such as a car loan. Do you all think I should take out a small personal loan from my bank (Chase) and would that end up raising my scores in the long run? I don't need a loan, so this would only be for FICO score purposes, so if you think it's not a good idea to just get a loan for this purpose, let me know. Thank you for your help.
your score is already at 776. there's no need to raise it any higher.
you already qualify for the best rates and can easily get most of the cards out there. other factors such as income probably will play a bigger role in making any difference from that point onwards.
@enharu wrote:your score is already at 776. there's no need to raise it any higher.
you already qualify for the best rates and can easily get most of the cards out there. other factors such as income probably will play a bigger role in making any difference from that point onwards.
Yes...you are quite right. I guess when you're a member on these forums you never know when to stop...lol. Thanks for bringing me down to earth!
@09Lexie wrote:
IF you get a bump it might be 1-2 pts in all likely hood. Not worth the inq hit, AAOA and its not going to make an approval decision if your score is in the mid 700's.
Also good advise like enharu's. Like I told enharu, sometimes you just get obsessed with "the numbers." Thanks for your reply.