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jennifer0917

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Should I get another line of credit to raise my credit score?
We are trying to raise our credit score, and I don't know what would help more...... Get a credit limit increase on the credit card we currently have (we only use between 10-%15 of the available credit limit) or just apply for a new line of credit? We are working towards buying a home, and could really use some advice! Thanks!!

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Mix and Match

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It's good to mix up the kind of credit you have, so it's good to see credit cards, as well as personal/car loans. Maybe take out a small personal loan, that you can pay back. Getting a credit limit increase will only help your utilization, and for the most part doesn't require a hard inquiry. Don't apply for too much credit at once though, that will definitely bring down your score. 

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