Account Mix refers to the variety of accounts you have open i.e. loans, credit cards, car loans, etc. Having a variety of account types can positivity impact your score by illustrating to lenders that you are a responsible borrower. Do keep in mind that account mix is only a low impact factor.

There are two types of credit:

Revolving Credit - this is when you borrow against a line of credit. There is no specific end date or set balance involved but rather a minimum payment is due each month. Credit cards are the most common type of revolving credit.

Installment Credit - this is when you borrow a set amount of money. A fixed end date is set and you have a series of payments due every month. Examples of installment credit include student loans, mortgages, or auto loans.

If this is something you can afford, it can be worth considering if you're wanting to achieve the perfect credit score; however, it's not advisable if it would negatively impact your payment history or credit utilization factors. Having only one type of credit will not a significant impact on your score.