This ones from a almost paid off car loan. ___________________________________________________ Installment loans (other then a real estate loan) can negatively affect your credit score because they carry fixed monthly payments, which some lenders feel may hamper your ability to meet other loan obligations. Reducing your existing installment loan(s) and carefully assessing your need for future installment loans should improve your credit score. __________________________________________________ Hmm?? Thought the car loan was helpin'.
I had that negative factor, too. I consider that a nitpicking factor. If they can't say something good, don't say anything at all. LOL!
Interesting When you pay off your car loan let us know what happens to your score. It should bump up pretty good. They love to see recent paid loans! good luck pb
Re: interesting Negative score fact Can anyone else confirm FICO loving paid loans? Maybe I should payoff the loan in full this month!
What a load of "hooey"! Lots of other folks here can atest to having their #1 negative reason code being, "you don't have an installment loan, (other than real estate)". Bah! Humbug!
