aging installment accnt

Discussion in 'Credit Talk' started by joey1123, Apr 6, 2003.

  1. joey1123

    joey1123 Well-Known Member

    just wondering how long it will take for my installment loan to age enough that my scores go back up again. My scores dropped 36 points when the new loan was posted to my report. Does anyone know how long it will take to built up again?
     
  2. dixidriftr

    dixidriftr Well-Known Member

    Hard to say, somewhere between 6 mos. to 2 years.

    You may get them back in increments as the account ages.
     
  3. joey1123

    joey1123 Well-Known Member

    thanks. you know fico is a weird thing. You can spend a lifetime racking points up but you can lose a substantial ammount in one day.
     
  4. lbrown59

    lbrown59 Well-Known Member

    Thanks. You know fico is a weird thing. You can spend a lifetime racking points up but you can lose a substantial amount in one day.
    joey1123 ==
    ========================
    That's the way the racket stacks the deck against you.


     

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