Credit MIX Help????

[Anonymous]

Hi All, relative Newbie here with a question.....I have NFCU Auto loan 11,000, NFCU Visa 19,500, Merrick Bank Visa 2,500, Cap One Mastercard  1200,Credit One Visa 1000, Credit One   Mastercard 1500. What types of diverse credit cards should I attempt to add?

TU 686 EX 720 <-----both Credit Karma scores

[Burned2manybridgesB4]

Think you're confusing lender diversity, and credit mix.

[RonM21]

Yeah, I think you are referring to the credit mix used to describe the different types of accounts, like revolving, installments, etc.

[takeshi74]

See also:

http://www.myfico.com/CreditEducation/Types-of-Credit.aspx

Selecting a card isn't just about diversifying.  Start with your needs wants and use that to select cards that suit you.  Don't just app for cards solely for the sake of diversity.

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@Anonymous wrote:

TU 686 EX 720 <-----both Credit Karma scores

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Always consider the speciifc scoring model as well when referencing scores.  Consider the relevance of a given model/CRA combo to a given creditor/product.  Your CK scores are only relevant to creditors that actually use a TU or EQ VantageScore 3.0 in their credit decisions.

[grillandwinemaster]

You already have a good credit mix with your auto loan and your credit cards.

On a different note, If I were you I would immediately close those credit 1 accounts. Your in bed with the devil. If you already have NFCU visa and Cap 1 accounts, you no longer have any use for credit 1.