We just refinanced our house last month. Our credit is perfect and our credit score is near perfect. We asked the mortgage broker why it wasn't perfect. The answer? We only have one credit card that we pay off every month. The ratio of the amount of credit that we HAVE versus the amount of credit we COULD have is too low. She suggested opening another credit card (which we were thinking about doing anyway, so we are going to).

My BIL is hell-bent on being debt free. They've paid off everything but their house and they're working on that. I worry that if they ever need credit, they will not be able to get it or will have very high interest rates.

Oh well, not my problem. But I find it interesting how it all works.

Lisa

__________________
"It's not having what you want,
It's wanting what you've got"

"The happiest people don't necessarily have the best of everything;
they just make the best of everything they have."