Loans are also bad because you start with a 100% full credit (e.g. $1000 outstanding on $1000 loan) and pay it down. Part of the credit rating is your balance t

Loans are also bad because you start with a 100% full credit (e.g. $1000 outstanding on $1000 loan) and pay it down. Part of the credit rating is your balance to credit ratio, so 5% looks much better than 95%. I've heard that the ideal is <30%