My present credit score is 733 and I've built such a number solely by using credit cards and paying bills on time. However, few days back somebody told me that the absence of any kind of loan in my credit history will prevent my score from going higher. Is that true? Should I go for some consumer loan as I'm planning to apply for a mortgage in near future?

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Absence of any kind of loan in your credit history will never prevent you from taking your score to the next level. They would rather pull your credit score down to some extent. Remember, a credit score is chiefly based on debt. You must stay in debt in order to have a credit score. It's all made up of payment history, charges made, inquiries made, etc. However, to boost your credit score, you need to make your payments on time.


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