Credit Secrets Experts Wish You Knew Today
October 28, 2025
Diversifying Your Credit Mix
A diverse credit mix can account for 10% of your credit score1. This means having a variety of credit types, such as credit cards, mortgages, and installment loans, can positively impact your score. However, it's crucial to only open new credit accounts when necessary, as each application results in a hard inquiry that can temporarily lower your score.