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Originally Posted by Ima saver
I was told by the agency that my score would be higher if I had a mortgage loan. I have had my house paid free and clear for years, but that doen't count!! Oh well, I have an 817 out of 850, so that is ok.
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<laugh> I was told that I should carry balances instead of paying everything off every month. Apparently 20-30% utilization is optimal for the score (0% isn't).
The whole mystery of FICO (and even the fact that it is so mysterious) doesn't make much sense. Black magic, I tell you!
Jackie