CIBIL: What is credit mix and how does it impact your credit score?

CIBIL: What is credit mix and how does it impact your credit score?

Credit mix refers to the variety of credit accounts you have on your credit report. These include car loans, credit cards, student loans, personal loans, among others.  Having a diverse mix of credit accounts shows to lenders that you can handle different types of credit in a responsible fashion. Impact on credit score Credit mix … Read more