Credit ratings reflect your own full a great financial obligation, and also the type of borrowing from the bank you’ve got
Complete loans and credit merge. The latest FICO credit scoring system will like users with many different borrowing membership, and you will a variety of revolving borrowing from the bank (profile particularly credit cards, one borrowing from the bank in this a particular credit limit) and you can payment borrowing from the bank (money such as mortgages and you will car loans, which have a-flat level of fixed monthly obligations).
