Extra Credit Posted December 9, 2008 Report Share Posted December 9, 2008 OK, knowing that installment credit helps in your FICO scores, and establishes a more solid history, should I try to get some kind of installment credit?I have no mortgage history (couldn't possibly qualify for one now anyway), and haven't had an auto loan in over 10 years. Should I worry about it, or just continue to live with little to no credit usage?I've gotten a few small CC, but as I don't use them, they will eventually become closed with little/no activity. Link to comment Share on other sites More sharing options...
scottb99 Posted December 9, 2008 Report Share Posted December 9, 2008 Having an installment loan is helful to your FICO scores, should you run out and get one just to help your scores? That is up to you. I think it is Willingtocope that has a saying in his signature that says something about managing your debt and not your credit scores. Link to comment Share on other sites More sharing options...
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