Responses
It shows that you have applied for many different credit cards in recent months.
It shows that you have applied for many different credit cards in recent months.
It shows the total amount of debt that you have incurred.
It shows the total amount of debt that you have incurred.
It shows that you can handle different kinds of loans responsibly.
It shows that you can handle different kinds of loans responsibly.
It shows that you have steadily increased your use of credit over the years.
1 answer
The response that best explains why lenders care about the types of credit you have used is:
It shows that you can handle different kinds of loans responsibly.
Lenders assess your credit mix as part of their evaluation of your creditworthiness, as it indicates your experience and ability to manage various forms of credit.
