1. Dec 17, 2001 #1
   

   soup Well-Known Member

   Currently, all I have is revolving accounts (credit cards) on my report...will it help my score to have an installment loan on my report...(mortgage)...I'm closing in a couple of weeks and am curious...Thanx

    

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3. Dec 17, 2001 #2
   

   Dani Well-Known Member

   Yes, it will help your score. Experian does not report my installment loans and their is a slight decrease in the score because of it. Congratulations on the new home.
   
   Dani

    
4. Dec 17, 2001 #3
   

   sam Well-Known Member

   I'll tell you what my near $30K in car "installment loan" nose dived my experian by 30+ points.
   
   bah.

    

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