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Credit mix determines 10% of your FICO credit score. When you have a broader credit mix, creditors have more information about your ability to manage different types of credit.
Credit mix refers to the types of accounts you have, such as credit cards, a mortgage or other loans. It's not a big factor, but diversity helps your score.
Grab that ordinary cake mix and watch it morph into 19 extraordinary sweet treats—think a tasty cake, a batch of cookies, and even donuts, all sprung from that handy box.
Soda My favorite hack (or as I like to think of it, sorcery) is to mix a 12-ounce can of soda with a standard cake mix. I omit the eggs and oil in this case. The carbonation in soda causes its ...
Having a mix of credit counts for 10% of your credit score—here's what that means Select defines what it means to have a mix of credit and why lenders like to see this. Updated Mon, Sep 25 2023 ...