The Credit Unicorn
The Credit Unicorn, the mythical creature that is rarely seen but has been captured in this Video. What does it prove? it depends on your perspective, I believe that it is an indication of the head fake from FICO. Verity of credit is listed in the official FICO story of credit, “to get a good score you must have a verity of credit accounts.” I believe that if you have a few accounts that have a good long credit history. A verity is unnecessary, it is the perfect distraction, this suggestion will keep the public busy, but short term can be a credit score killer. When you go out and try to get a few more accounts to fill out your verity of credit, you could get new inquiries and new accounts that have a very negative effect on your credit score.