Pay off 1/2 of installment loan?

Discussion in 'Credit Talk' started by Dolly, Feb 16, 2004.

  1. Dolly

    Dolly Well-Known Member

    I recently got a Gold Amex- yay! And a Household MC with a $5000.00 CL and O% percent BT offer. I have an SBA $5000.00 installment loan. I'm thinking of paying $1000.00 of it off to help my utilization. But, my question is: Will it help my utilization the SBA loan is not a credit card?
     

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