Credit Mix Analyzer
Analyze your current credit mix and get recommendations for improvement
Current Credit Accounts
Check all the types of credit accounts you currently have
Revolving
High Impact
Essential for credit building
Installment
Medium Impact
Common secured installment loan
Installment
High Impact
Largest installment loan for most people
Installment
Medium Impact
Unsecured installment loan
Installment
Medium Impact
Education financing
Revolving/Installment
Medium Impact
Secured by home equity
Revolving
Low Impact
Business credit building
Revolving
Low Impact
Retail-specific credit
Credit Mix Categories
Revolving Credit
Credit that you can use repeatedly up to a certain limit
- • Credit cards
- • Store credit cards
- • Home equity lines of credit (HELOC)
- • Business credit cards
Installment Credit
Fixed-amount loans paid back in regular installments
- • Auto loans
- • Mortgages
- • Personal loans
- • Student loans
Credit Mix Score
Your current credit mix analysis
25/100
Needs Improvement
1
Total Accounts
1
Revolving
0
Installment
Analysis Summary:
Consider adding more credit accounts to improve your mix
Consider an installment loan to diversify your credit types
Recommendations
Personalized suggestions to improve your credit mix
Consider Installment Credit
Medium Priority
Add diversity with an auto loan, personal loan, or credit builder loan
Research installment loan options that fit your needs
Increase Account Diversity
Medium Priority
Having 3-5 different types of accounts shows credit management skills
Gradually add new account types over 6-12 months
Consider Store Cards
Low Priority
Store cards can add to your revolving credit mix
Apply for store cards at retailers you frequently shop at
Credit Mix Impact
Why Credit Mix Matters (10% of score)
- • Shows you can manage different types of credit
- • Demonstrates financial responsibility
- • Reduces lender risk perception
- • Can provide small but meaningful score boost
Important Notes
- • Don't open accounts just for credit mix
- • Only add credit you can manage responsibly
- • Quality matters more than quantity
- • Focus on payment history and utilization first