Friday’s Credit Tip #7: Have a Range of Credit Types
The types of credit you have are a factor in calculating your credit score.
In general, lenders like to see that you are able to handle a range of credit types well.
Having some form of:
such as credit cards
some larger types of credit:
such as a mortgage
or auto loan
Paying them all off regularly is better than having only one type of credit.
Check back next Friday for another credit tip!
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