Five Steps to Magic 65 Points Credit Score Jump

Step 3: Diversify Your Credit Mix

A diverse credit portfolio can positively impact your credit score. This means having a mix of credit types, such as credit cards, installment loans, and retail accounts. According to FICO, credit mix accounts for about 10% of your credit score². If you lack diversity in your credit accounts, consider opening a new type of credit that you can manage responsibly.