 TITLE: Why Did My Credit Score Improve? CONTENT: You Diversified Your Credit Mix\n-------------------------------\nA less significant, but still important, element in your credit score is credit mix. This refers to the types of credit accounts you currently hold, which generally come in two types: installment credit and revolving credit.\nCredit mix accounts for 10% of your FICO® Score. It can contribute to a higher score if you add a new type of credit to your report, such as a mortgage if you only had credit cards or a credit card if you only had student loans—as long as you continue to manage all your debts responsibly.\nDiversifying your credit mix often is a result of the normal course of borrowing and adding accounts to your credit portfolio. It's not a wise move to take on more debt accounts in an attempt to increase your credit mix. The effect you'll see on your credit is likely to be very small, and the added debt can affect your personal finances. END