Hello, I have an installment/bank loan that will be paid off in July-08. It is the only installment that I have. Would it be advisable to replace this with another installment account after it is paid? Instead of going to the bank and borrowing money just for the sake of having a better credit mix, I was considering an American Express card. I understand from reading here that a standard Am Ex charge card reports as installment. I have only 4 other open accounts; all revolving. My wife and I are planning on buying a house in the not to distant future (8 months-1 year). Considering this, would this be a bad decision? All opinions welcome. Thank you.
