What is the best credit mix Video

What Is The Best Credit Mix

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Member Since:

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By: MonkeySee.com - Business

MonkeySee.com is leading producer of lifestyle focused how-to content with over 10,000 videos spanning 169 subcategories.

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What is the best credit mix -

Markita Aldridge discusses personal finance and what is the overall best credit mix

What is the best credit mix -

Markita Aldridge discusses personal finance and what is the overall best credit mix

Added:

8/3/09

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what is the best credit mix bankruptcy cancellation plan markita aldridge monkeysee paying debts personal finance

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What is the overall best credit mix?
Markita: Well, that actually varies from person to person. Now, what might be best for me and what affects my score might be different from what actually affects your score, but overall you don’t want to have just one type of credit. You don’t want to have all credit cards, or all installment loans and installment loans are like car payments, student loans or mortgages; you really want to have a mix of both. So, if you are just starting out with credit, you want to maybe have a car loan with a few credit cards versus all credit cards or again all installment loans.

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