Mogul of Pineapples
- Centurion Member
- Posts: 1271
- Joined: Sun Jun 01, 2008 11:32 pm
- Location: Smogland
The installment loan is a good point. When the Fico formula was revised a few years back, I think 2008, that became a much more important component. Before that it was possible to get a high score with only revolving credit but now it seems an installment loan or loans are needed to do that.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.
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