7 Ways To Improve Your Credit In 6 Months


6. Keep a good credit mix

Another component of the FICO credit score is the credit mix, or the different types of accounts you carry. This makes up 10% of the credit score calculation with a mix of revolving accounts, installment accounts, and open accounts.

Revolving accounts are not required to be paid in full each month, but have different payments depending on the current balance, including: credit cards and home equity lines of credit.