How Does Using All Types of Credit Affect Me?

It’s Good to Mix ‘N Match Credit Types

It’s important to choose the right type of credit for your need. It’s okay to have multiple types of credit.

It’s good to mix and match various credit types to meet your needs.

For example, buying a boat with a credit card is a bit like bailing water from the ocean with a teacup. It’s just not the right match. In this instance, a loan makes better credit sense — and would have a better impact on your credit score.