Which long term purchases can affect your credit score?

Long-term purchases such as a mortgage, auto loan, or personal loan can significantly impact your credit score. These types of loans contribute to your credit utilization ratio and payment history, which are key factors in determining your score. Making timely payments can boost your score, while missed or late payments can lead to a decrease. Additionally, opening new credit accounts can affect your credit inquiries, which also play a role in your overall credit profile.