cancel
Showing results for 
Search instead for 
Did you mean: 

Optimum Credit Mix

WBLAKE
Frequent Contributor

Optimum Credit Mix

Hi Guys,
 
what's the optimum credit mix.  I currently have 6 major credit cards, 1 gas (store card).  I plan to apply for a car loan in the next few months.  My credit history is relatively short.
 
WBLAKE
TU 670
EQ 670
EX 617
JFCU $5,000
JFCU AUto Loan $11,000
Jet Blue Amex $2,000
BOA 3,500
Best Buy Store Card $2,200
Kay Jewlers $3,200
Message 1 of 5
4 REPLIES 4
SpecFile
Valued Contributor

Re: Optimum Credit Mix

Will this be your first auto loan?
Message 2 of 5
WBLAKE
Frequent Contributor

Re: Optimum Credit Mix

My credit was so screwed up, I've been buying w cash for most of my life.  I did finance a car between 1988-1992, but it no longer appears on my report.
TU 670
EQ 670
EX 617
JFCU $5,000
JFCU AUto Loan $11,000
Jet Blue Amex $2,000
BOA 3,500
Best Buy Store Card $2,200
Kay Jewlers $3,200
Message 3 of 5
ilovepizza
Senior Contributor

Re: Optimum Credit Mix

Handful of credit cards and a few installments.
If we never set higher goals we would never get as far.
sol, credit 101, acr, abbreviations, calc
Message 4 of 5
Tuscani
Moderator Emeritus

Re: Optimum Credit Mix

That "perfect" mix is like the Loch Ness monster, we've heard about it, but there seems to be no definitive answer as to what it truly is.
 
IMO, the perfect mix includes at least one of the following:

Open
Revolving
Installment
Mortgage
 
 
Message 5 of 5
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.