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Your Cred-O-Meter:
Building Credit Cred: Use Different Types of Credit

Lenders prefer to see that you are capable of handling different types of credit. Having revolving and non-revolving and secured and unsecured credit shows you’re able to manage your finances across a wide variety of scenarios. Part of this creditworthiness comes with time. When you're young, you’re less likely to have had many different types of credit. As you get older and make greater use of financial products, such as student loans, car loans, store credit, and even a home mortgage, you'll naturally become experienced with more diverse types of credit.