Why Do I Have To Have A Loan Or Mortgage?

Recently requested an increase on one of my credit cards and received the following turn-down notice:

Your FICO® Credit Score is affected by the Key Factor(s) below:

• 1. % OF BALANCES TO CREDIT LIMITS IS TOO HIGH ON REVOLVING ACCOUNTS:

Your account balances are too high in relation to your accounts' credit limits.

• 2. LACK OF RECENT INSTALLMENT LOAN INFORMATION:

Your report shows no open or recently reported non-mortgage installment loans. People responsibly using different types of credit are generally less risky to lenders.

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RE: #1 All of my cards have a zero balance, too recent to be evaluated I guess

RE: #2 I don't understand this one as my house has been paid off for many years and both of my cars have been paid off for a long time.

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