2019 Idaho Real Estate Blog

Use ALL Types of Credit...Wisely! Main Boise Home Loans
10% of your credit score comes from the mix of your credit accounts. You must prove that you can manage multiple types of credit.


Dear reader:

Of all the factors considered by the bureaus when calculating your credit score, this is the simplest and easiest to understand. This portion of your score considers the number of and frequency of usage of various types of credit accounts that you have. The two main types of accounts that are looked for when assessing this portion of your credit score are:

1) Installment Accounts -- accounts that have fixed repayment schedules, such as mortgages, student loans, and car loans,

2) Revolving Accounts -- accounts that require a different payment each month depending on the balance owed, such as major credit cards, in-store department cards, and Home Equity Lines of Credit.

Having a healthy mix of credit accounts (mortgage, installment, and some revolving) in your credit history will help your score in this portion greatly.

If you are interested in talking more about this post or a specific credit scoring issue you have or know about, feel free to call me at (208) 880-0316, or email me at You can also visit my website at


Eric Leigh, Mortgage Consultant
2965 E. Tarpon Drive, Ste. 150
Meridian, ID 83642
(208) 880-0316
Posted by Eric Leigh at 7/7/2009 4:56:00 PM
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