The Credit Mix That Moves The Needle!
Most people focus only on how much credit they have, but the truth is lenders look just as closely at what kind of credit you’re managing. Your credit mix is one of the lesser-known factors that can make or break your ability to qualify for high limits, better terms, and premium funding opportunities. Here’s what lenders love to see in a well-rounded profile: ✅ Installment Loans – These include auto loans, student loans, mortgages, or personal loans. They show that you can handle fixed payments over time and prove stability. ✅ Revolving Accounts – Credit cards (both personal and business) demonstrate how well you manage available credit. Lenders pay close attention to balances and utilization here, so keeping these in good shape is critical. ✅ Retail/Store Cards – While not as powerful as bank-issued credit, they add extra depth and age to your profile. They also diversify your accounts, which rounds out your report. ✅ Open Lines (Charge Cards) – Think Amex Platinum or Gold cards. These don’t have preset spending limits and show lenders that you can handle larger transactions and strong cash flow responsibly. 👉 You don’t need to check every single box, but the closer your credit profile gets to this balanced mix, the more trustworthy and fundable you look in the eyes of banks, credit unions, and private lenders. The result? - Higher approval odds - Larger starting credit limits - Faster access to six-figure funding - Better interest rates and terms In short, your credit mix is more than just variety—it’s proof that you can responsibly manage money across different types of obligations. That’s the kind of profile lenders compete to do business with Tune in to our weekly calls every Wednesday @7pm where I discuss these things. Link in the calendar.