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Tips for Improving Your Credit: The Types of Accounts in Your Credit Report

Credit Corp

This means that consumers with the strongest credit scores tend to have a mix of accounts. If your goal is to build or maintain great credit, you’ll want to get and keep different types of credit accounts. One reason that lenders look at credit mix is to make sure that you can be responsible with multiple types of credit.

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Personal Loans Statistics

Credit Corp

This is despite the fact that many lenders have made it more difficult to qualify for a loan. But online retailers and app-based companies have taken off to fill the new consumer need. Startup costs can easily top $10,000 and the fact that these loans are typically secured with collateral makes it easier to qualify for larger amounts.