building credit scores with varying types of credit

Download Building Credit Scores with Varying Types of Credit

Post on 16-Nov-2014

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http://www.aftexposed.com Have you ever been told by a lender that you need to have a better mix of credit? Some lenders may look to see that you can manage an array of different lines of credit.

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  • Have you ever been told by a lender that you need to have a better mix of credit? Some lenders may look to see that you can manage an array of different lines of credit,pay them on time and balance a low amount of debt when deciding whether or not to extend a line of credit to you.Your credit score may reflect your mix of credit cards, retail accounts, installment loans, finance company accounts and mortgage loans, and more.While a healthy mix may help your credit score,it's not necessary to have one of each,and it's not a good idea to open accounts you don't intend to use.Thank you.