I have a Cap one mastercard, three retail cards, Dillards, FashionBug and Target. What else would help my score? I was preselected for the TJ Maxx Visa card, I know this means nothing. has anyone else received this card? Just trying to keep the MAN'S foot of my neck.
I find an installment loan (car,house,whatever) helps. I find having alot of available credit helps. I find having aged accounts, and minimal inquiries counts. #1 killer of score = high debt to available credit ratio #2 killer of score = num on inquiries #3 killer of score = number of recently opened (unaged accounts) This assumed no derogs. I've been able to get 705 score with low balances, many new accounts, and 100+ inquiries. I believe my score would reach near 800 when all of my accounts reach say 5 years old, i have no recent inquiries, and have low to minimal balances. Until you are well over 700 score you won't find things like not having a retail card as an "excuse" they give for fico. The only 2 negative reasons i had with 705 score was: 1. Age of accounts 2. Number of inquiries. Nothing about not having enough of this or that. I guess once you get rid of the #1 and #2 reasons, they make up little things like mix of accounts, but i don't think the point value is that much, imo. Good luck.
