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call4help

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Wouldn't many small installment loans be the fastest way to increase my score?
If total accounts affect your credit score is it not logical to apply for and payback many small installment loans? I have 4 accounts. 0-5 very poor, 6-10 poor, 11-20 good and 21+ excellent

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The number of accounts is not as significant a factor in calculating credit scores as is payment history and usage of credit cards and the age of the accounts you have.  All of that is clearly explained in the articles on this site, and teaching about credit is the purpose of Credit Karma.  I have learned a lot, applied what I learned from the articles and now enjoy the benefits of having several credit cardss (most paid in full) and recently bought a new car at a low interest rate, which would have been impossible just 5 years ago.

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