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How does the mix of credit affect your credit score?

The mix of credit affects you score because the banks want to know that you can handle various types of debt, if all you have are secured accounts like cars and mortgages you may have issues paying on an unsecured item like a credit card.

We recommend having 3 revolving, 1 installment, 1 auto, and 1 mortgage loan on your credit to achieve the maximum credit mix benefit

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