How high can my credit score climb if I have only credit cards in my credit history?

leanora asked:


My current credit score is 745 and I’ve built it solely by using credit cards and paying on time (but never had any loans). Somebody told me that the abscence of installement-paid loan will prevent my score from climbing much higher. Is it true? Should I take some consumer loan to boost my credit score since I am planning to apply for a mortgage in the near future?

Sara

Be Sociable, Share!

• 

• Tweet

Tags: Current, Mortgage, Paying On Time

This entry was posted on Sunday, August 30th, 2009 at 8:39 am and is filed under Credit Questions. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “How high can my credit score climb if I have only credit cards in my credit history?”

1. gabriel Says:
   September 1st, 2009 at 8:24 am

   You don’t need an installment loan. More often than not, they pull you DOWN. Who told you that?

   if you are looking for the free credit score and report usa national site, check out this site

   Here you can see your 3-in-1 Report from all three credit reporting agencies and your credit score.

Leave a Reply