Credit report questions

[Goldy]

I haven't checked my credit for years and figured I should so I looked it up and was pleasantly surprised to see a jump from 760-808. Great! But when I look at the details it says I'm in the poor category when it comes to lines of credit, I only have 7 and it seems to be reducing my credit. Do you know how many lines of credit I should be shooting for? Time to sign up for some credit card rewards I guess!

[bjl584]

If I were you I wouldn't do a thing. 808 is a great score. Having it any higher isn't going to get you anymore favorable lending terms or rates than you qualify for right now. There comes a point in time where trying to improve your score becomes unnecessary and pointless. You are at that point. Congrats and don't worry about trying to eek out a few more points.

[disneysteve]

If I were you I wouldn't do a thing. 808 is a great score.

I agree. There is no benefit to getting your score higher than it is now. You're in the top tier of credit scores for sure.

[MonkeyMama]

Totally agreed with the others.

With all the credit card reward chasing that we do we have "poor" scores for # of inquiries. I also don't keep accounts open unless I am using them, so have mostly always had a "poor" length of credit history. With a 800+ credit score, I just don't give a flip. (There are many other things we do "wrong").

Paying bills on time seems most heavily weighted, as it should be.

[Frugal_Cheap_Pants]

But when I look at the details it says I'm in the poor category when it comes to lines of credit, I only have 7 and it seems to be reducing my credit. Do you know how many lines of credit I should be shooting for?

Just an FYI: I have an 810 score. I have 1 credit card and no car loans, no mortgage. Recently I noticed mine jumped 2 points after I put $950 on the credit card for 3 weeks. It seems to raise my score when I carry a balance, even though the balance is very short term. If you're really worried about getting more points try charging a little bit more than usual....but I'm not condoning running up a huge bill and never paying it off.

[Weird Tolkienish Figure]

Actually any higher than 700 is considered "tier one". So increasing or decreasing it (as long as you are above 700) isn't really a big deal.