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Nope. Entirely possible to be right at or near 800 (but not 850) on nothing other than a handful of paid-in-full revolving lines, provided your utilization is relatively low and your time-on-accounts is relatively high. It is, however, nearly impossible to get the last 20 or so FICO points unless you've got mid-to-long term debt (mortgage, car loan, etc) that is being serviced. I float between 790-820 and have for years without a single long-term note outstanding -- haven't even had a car loan for close to the last 20 years (and no mortgage either.) All there is in current lines on my report is a couple of revolving lines.

Paying interest in a bid to try to up your FICO is sheer lunacy. That last 50 points is literally worth nothing when it comes to the cost and availability of credit.

What you do want to pay attention to are (1) hard inquiries, which result when you open a new line and (2) revolving credit utilization. A series of hard inquiries for the same product (e.g. 3 different mortgage lenders) at the same time will only be counted as one by the FICO algorithm, but multiple "types" of hard pulls can get you in score trouble. What will also reliably take 20-30 points off your score immediately is an outlying month of high utilization (e.g. you're running 10-15% and then suddenly spike to 30 or 40); if you immediately pay it off (e.g. you paid no interest) the next month your score will go right back where it was. Beware, however, if you do that and combine it with a hard pull for some other form of credit; that's a BIG red flag that you're under significant financial stress. It's a very bad idea to do something like that if you expect to want to refinance a mortgage or buy a house in the next few months as you can easily cost yourself half a percent on your interest rate that way or even cause a denial.
 
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