Originally Posted by kurjan
To my surprise and anguish, when I checked my FICO score at myfico, I found this was enough to lower me to about the 70th percentile (even though, otherwise, I am an ideal credit risk, and would expect to be well above the 90th percentile). The norm is about 5 credit sources over a 10 year period. This was explicitly called out as the only negative factor on my report. (Closing existing accounts does NOT help until they've been closed for several years.)
But, as I alluded to in a previous thread: what tangible impact does this have on your life?
My score is less than perfect (by no means bad--just not perfect). But that hasn't affected my ability to apply for new cards, hasn't raised my insurance premiums, and my credit union has told me a number of times that, all other things remaining equal, I could easily obtain another home loan. There's more to life than an imperfect credit rating, especially if you're missing out on points and miles!