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October 17, 2013 by John Ulzheimer  How Accounts Affect Credit
Score  In the past two months we explored Payment History and
Your Amount of Debt and their level of impact to your credit
scores. So far we've identified 65% of the points that make up
your credit score as being generated out of these two
categories. This month we will look at one of the lower value
categories: the types of accounts in your credit report. This
category makes up 10% of the points in your credit score. So,
while it's certainly not a priority to address, anyone who has
hopes of maxing out their credit scores should pay attention.
The definition of "types of accounts in your credit report" is a
little confusing. In this country lenders are not required to
report your accounts to any of the credit bureaus. As such, not
all of your accounts will show up on your credit reports. If an
account does not show up on your credit reports then you will
get no positive credit fo