April 18, 2016

What types of credit is needed to get a high score?

My credit score is about 615. I am working on improving my score so that I can qualify for a mortgage loan with low financing in about a year or so. I currently have an auto loan, and 3 revolving credit accounts. (All bank credit cards) Two of the revolving accounts are new, and the other almost a year old. My auto loan will be a year old in July of this year. Should I apply for more credit to get my score higher? If so what type of credit? What is a good mixture of credit to have to get a person’s score higher? Any advice is appreciated. Thanks!


Holly B

Keep what you have. The most important thing is to pay the bills before they are due. Also keep the balances on the CC’s low or better yet pay them off every month.


Keep your payments up-to-date and you should be good. Don’t get more credit. A score of 750+ is average for a good IR. Just keep showing the credit companies that you can be trusted to repay loans. Now is a good time to pull all three of your credit reports and analyze them. Correct any errors and make sure everything is correct.

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