5. The types of credit you use. Generally, it’s desirable to have more than one type of credit — installment loans, credit cards, and a mortgage, for example.
So just getting a gas credit card is probably not going to do it as far as establishing your credit. With tighter guidelines for home loans, it is more difficult to get a home loan, but certainly far from impossible. If owning a home is your goal, work on your credit score, get in touch with a Lender and see what you need to realize your dream of homeownership.
For more on evaluating and understanding your credit score, visit www.myfico.com.
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