Credit ratings echo the complete a great personal debt, as well as the sort of borrowing you have

Complete obligations and borrowing from the bank blend. The newest FICO credit reporting system has a tendency to like pages with quite a few credit levels, and you may a mix of revolving borrowing (profile for example handmade cards, one borrowing from the bank in this a specific borrowing limit) and you can installment borrowing from the bank (money particularly mortgage loans and you may car loans, having a flat level of repaired monthly obligations).