Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!


Posted in Auto Loans
Profile Image

Question By

0 Contributions
0 People Helped
Personal Loan or 0% Credit Card to Thicken Credit Report?
I am looking to get a new car in November or December (Toyotathon). I only have three active accounts reporting, two credit cards and my mortgage. My current credit utilization is 50%, but can be paid off by the end of the year. Would it look better to F&I to a) do nothing, b)take out a personal loan to show an installment account, or c)get a balance transfer card? My CK scores are 758 and my Experian FICO is 765. No lates or negatives other than utilization. Thanks!

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.


Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.