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#4: Avoid Debt? Watch Out!

If you're one of those responsible people who does NOT have a car loan or mortgage, and you rarely use credit cards, you may see your FICO score drop because FICO 08 places an even greater emphasis on a solid mix of credit types. It's completely absurd, but that's the way it is.

It's better for your credit score if you have both installment and revolving accounts. An installment account includes a car loan, student loan or personal loan.