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No. of Recommendations: 3
...the advice I got from Experian was to get at least three more credit cards...

Funny, I have 4 active credit cards. My FICO has been at about 832 for years. FICO says one reason it's not higher is that I have "Too many accounts with balances ... Generally, people who limit the number of accounts they have with balances appear less risky to lenders."

Well, nothing I can do about it. My four cards are for:
1. Primary. I use this for almost everything.
2. Back-up, if for some reason there's a problem with the primary card. I also use this for recurring charges (newspapers, magazines, and charities mostly).
3. Things I buy for Dad. I pay this card from his account. (I handle all of Dad's finances.)
4. Things my sister buys for Dad. I pay this card from his account. It's easiest to just give her my card to use, than for her to use a card of her own and submit expense reports.

Of course, I pay off all cards in full each month.

I also get dinged for
"Lack of recent installment loan information
FICO® Scores consider recent non-mortgage installment loan (such as auto or student loans) information on a person’s credit report. Your score was impacted because your credit report shows no recent non-mortgage installment loans or insufficient recent information about your loans.
KEEP IN MIND: In general, people who purchase with an installment loan and pay back the loan on time tend to demonstrate the ability to manage a variety of credit types. However, a new account opening, and to a lesser extent the credit inquiry associated with applying for a new account, may demonstrate higher risk in the short term."

Nothing I'm inclined to do about that, either.

I don't think, going forward, I'll have any problem getting a mortgage and/or car loan if I want one. Credit scores are also used by prospective landlords and prospective employers, but I've had no problems finding great rental houses. With a nice 1099-R in hand, landlords haven't even checked our credit.

So I'm not going to worry about it. Credit scoring factors aren't perfect, but they're good enough, in my case anyway.
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