Your credit mix, which includes various types of credit accounts like credit cards, mortgages, and auto loans, significantly impacts your credit score. Overlooking this aspect can hinder your credit-building efforts. For instance, relying
Opting to purchase tradelines instead of paying off existing debt can be a risky move. While tradelines might provide a temporary boost, paying down debt reduces your credit utilization ratios, which is beneficial
Credit utilization ratios are critical to your credit score. High ratios indicate higher risk, even if you have multiple tradelines (see "Understanding Tradelines and High Utilization"). Managing these ratios requires a strategic approach,
Manage and take control of your score!