Jump to content

maintain credit score without planned credit use


shaffe48
 Share

Recommended Posts

I have recently paid off all of my debt and have a reasonable credit score.

 

I am now back in grad school on fellowship and significant savings so I don't plan on using credit for 4-5 years.

 

Will this kill my credit?  Have been thinking about taking out personal loans to pay rent just to use credit along with maintaining credit cards.  Is this a good idea?  Any further ideas?

 

Plan on buying house on VA loan after grad school.

 

 

Also, what does it take to get your credit score above 800.  I mean I have a 24 page credit report from student loans from multiple private, state, and federal sources, auto loans, personal loans, and credit cards all paid off and all strictly positive.  Yet my score is only 784.   What gives?   Is this typical?

 

Thanks.

Link to comment
Share on other sites

There are many different credit scores.  Only the ones that come directly from myFICO.com are valid.  It is possible that if you do not use credit cards for 5 years, your FICO Bank Card score (the "sucker score") will drop.  The sucker score predicts who CC companies will make money on.  Your FICO Mortgage Score will be okay...your FICO new car score will be fine.

 

If you're concerned about your sucker score, follow my advice about gettin two CCs...then put them in your sock drawer.

Link to comment
Share on other sites

Guest
This topic is now closed to further replies.
 Share

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.. For more information, please see our Privacy Policy and Terms of Use.