That's the problem, you're not creating any credit history so they can't

get a good read on your creditworthiness, so yeah, it doesn't work like that eg no loans must mean you're a great money manager, they don't see it that way. Also they like to see some credit thing stay around for a long time, have one element on my credit that Ive had a card 20 years and one month which is good.

Not great, good. when I have kept it (note the future perfect here) TWENTY-FIVE years then that one item goes to grate. 25 years.
[Post edited by `lag at 11/25/2020 8:52PM]

In response to this post by PhotoHokieNC

Posted: 11/25/2020 at 8:50PM

Credit score aficionados unite: WTF???? -- PhotoHokieNC 11/25/2020 5:54PM

Mine was at 837, but I haven't used my cards much and one of them emailed -- AZHokie59 11/26/2020 11:28AM

If you're at 750 it doesn't matter if it gets any higher ** -- 133743Hokie 11/26/2020 08:44AM

But if you’re at 750 and it begins to get lower, it’s alarming. ** -- PhotoHokieNC 11/26/2020 09:13AM

Not really as there is minimal impact until it gets pretty low ** -- 133743Hokie 11/26/2020 10:22AM

Would you agree it’s a point of pride? ** -- PhotoHokieNC 11/26/2020 10:27AM

I honestly don't know, but possibly. I don't know what mine is. I've -- 133743Hokie 11/26/2020 10:33AM

That's awe inspiring. ** -- PhotoHokieNC 11/26/2020 10:39AM

Not having chairs will definitely affect your credit rating ** -- `lag 11/26/2020 09:31AM

That right chair’s I don’t care where you sit. ** -- PhotoHokieNC 11/26/2020 09:40AM

...call Mack Mack if your credit is Wack Wack... -- chumley 11/25/2020 8:55PM

That's the problem, you're not creating any credit history so they can't -- `lag 11/25/2020 8:50PM

Harrumph. ** -- PhotoHokieNC 11/26/2020 07:58AM

Of course if you're older than dirt, who cares? ** -- Newt 11/25/2020 8:12PM

Right answer. Unfortunately:) ** -- AZHokie59 11/26/2020 11:30AM

You get penalized for having large amounts of revolving credit that is -- GreenvilleVT 11/25/2020 7:22PM

I think it's just the opposite. A part of your score is credit usage -- 501 11/25/2020 8:55PM

I have 3 cards -- EDGEMAN 11/26/2020 08:22AM

I can promise you that you are penalized for having large amounts of unused -- GreenvilleVT 11/25/2020 9:08PM

If you keep the card, start making runs to Lowes for little stuff & charge -- EDGEMAN 11/25/2020 6:19PM

Actally, there is a train of thought that closing accounts-> -- HOKIERIT 11/25/2020 7:45PM

Your rating is a function of percentage of available used. If you close -- 133743Hokie 11/26/2020 08:43AM

Yeah, right but they can't read who you are, they don't get any info on you -- `lag 11/25/2020 8:58PM

Agree.. I don't carry a balance though, but i DID just this morning-> -- HOKIERIT 11/26/2020 09:51AM

We can talk about it when I come over for Thanksgiving ** -- HokieDan95 11/25/2020 6:07PM

Don't forget your chair ** -- TexasGobbler 11/25/2020 6:29PM

The Motley Fools have an answer... -- UTPr0sim 11/25/2020 6:06PM

That's the problem, you're not creating any credit history so they can't

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