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Question By
NITEOWL984

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Why would I get a B credit rating instead of an A ?
I cant imagine why I would not have an "A" rating. I have no debt and only 2 credit cards and in store credit cards which I pay off EVERY month. NO outstanding balances beyond a month and ALL are always paid on time or early. I am retired with sufficient income and NO DEBT. What's the deal??

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Not enough open credit lines

Helpful to 2 out of 2 people

is probably what is bringing down your score. The highest scores come with a lot of open credit, The best scores come with open lines of credit in the $50,000 to $100,000 range and carring about 15% debt.

Your good habits of paying your debts on time and living within your means hurts you in the long run. I know it makes no sense, but it is the reality.

Since you're retired, I assume that you do not want to carring a lot of debt. So unless you are trying to raise your score so you can take out a large loan, you probably don't need to worry about your score.

Good Luck

Reply by
NITEOWL984

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Thanks for the info. Makes sense to me and since I dont anticipate ever making a loan I guess credit ratings dont matter much.

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