Originally Posted by
Gumboy
So I've been thinking of buying a house recently, and was talking with a banker about my credit and how it will effect my payments/any other credit options, and we went over my credit score.
Now, I have: A student loan. Rent. Utilities. Cell phone service. Right now, those are all of my bills. I had a car payment, but I've had it payed off for over a year. Not a single time in my life did I miss a payment, but my credit rating is "Slightly above average".
I asked reasons why its not excellent or whatever, and the explanation was that I don't have any credit cards, line of credit, enough credit history.
So my question to him (And to you guys) why should I make bad decisions (Taking out credit when I don't need it) in order to prove to the banks that I am worthy of a "Higher score". It seems 100% counterintuitive, when they have over a decade of me making payments on things now, without a single missed/late payment in my entire history. No overdue phone bill. No late payment on my student loan.
I haven't applied for a single loan that I was denied for in my life, so its not like I'm floating requests constantly either.
So essentially, my credit is crippled, unless I make bad financial decisions...to prove that I am good with my finances?