How to maximize my FICO scores?

[Ender510]

Does anyone know what the best combination of credit cards, revolving accounts, charge cards, etc. would be? I've heard 4 credit cards, 1 charge card, and 1 long history of payments (car loan, mortage, etc.).

Anyone have more details on this? I am trying to increase my scores as high as possible within the next year so I can get a good loan for a home as well as purchase a car. Thx..

 

[Yzzim]

sheesh, you're just full of questions this morning

 

[Ender510]

LOL - well, I guess I am sitting here by myself and had no one to ask these things to!

 

[xraymongral]

Find out what you score is now, you are probably worrying about nothing if your credit is good.

 

[Emulex]

get your score now.

basically 2-3 credit cards, 1 retail card, 1 car loan, and 1 mortgage, Credit history at least 5 years old with no payment glitches at all, less than 3 inquiries in the past six months, balances less than 25% of total available reported credit limits/loan amts, is near perfect..

 

[Emulex]

Btw, a fico of about 680-700 is very good for top notch mortgage and loan rates. you can pay $12.95 and get your Real fico score at equifax online, instantly. btw.

 

[ajskydiver]

I've read that a good debt ratio is *very* important regarding FICO.

Ie: It is better to owe 10K on two cards (5K each) with 10K limits than it is to owe that same 10K on one 10K limit card.

Reason: The 2nd scenario shows that your credit has been max'd to the limit and it somehow looks worse, score wise.