Credit diversity or “types of accounts,” in credit report speak, is a minor factor that determines about 10% of your credit score in most scoring models.
It measures how you have handled different types of credit accounts, currently and over time. Since it is measured by the scoring models, it also can be managed or influenced by you. Like most things related to credit scores, it is best accomplished over time and with a strategy.
There are three types of accounts credit scoring algorithms consider:
What Is NOT Part of Credit Mix?
Best practices to optimize credit diversity