Credit Mix

Credit mix refers to the variety of different types of credit accounts you have, such as credit cards, student loans, mortgages, or auto loans. A diverse credit mix can demonstrate to lenders that you can handle different kinds of debt responsibly. It’s one factor used to assess your overall creditworthiness and can positively impact your credit score. Essentially, having a balanced mix shows you’re experienced in managing various credit types, but it’s just one part of your overall credit profile.