Friday, May 23, 2008

A Tasty Recipe

No, silly. Not for my cookies. I'm not giving that info up so easily.

We're talking credit here, right?

What is the ideal mix of types of credit to build a strong credit profile?

If you answered 'liens and judgements', you're going home with no consolation prize.

The answer to the million dollar question (really, account diversity makes up 10% of your credit score...maybe worth a million to a few) is:

- A mortgage
- An auto loan
- 3-5 revolving credit accounts
- A home equity line of credit

Easy as pie.

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