Credit Scores

  1. The Five Things That Count
  2. Payment History
  3. Amounts Owed
  4. Length Of Credit History
  5. New Credit
  6. Types of Credit in Use
  7. Notes
  8. Contact Credit Bureau's

Types of Credit in Use

Is it a "healthy" mix?

APPROXIMATELY 10% OF YOUR SCORE IS BASED ON THIS CATEGORY

The score will consider your mix of credit cards, retail accounts, installment loans, finance company accounts and mortgage loans. It is not necessary to have one of each, and it is not a good idea to open credit accounts you don't intend to use. The credit mix usually won't be a key factor in determining your score - but it will be more important if your credit report does not have a lot of other information on which to base a score.

Your score takes into account:

  • What kinds of credit accounts you have, and how many of each. The score also looks at the total number of accounts you have. For different credit profiles, how many is too many will vary.

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Evergreen Pacific Services Mortgage Company

514 2nd Avenue

Fairbanks, Alaska 99701

Toll Free:

877-633-5834

Phone:

907-457-5834

Fax days to:

907-457-2330

info@evergreenmortgageloan.com

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