Hi Iknowyoudo, errr.. I knowdoyou
I'd get rid of the auto loan and leave the boring SLs just as they are. You can deduct SL interest and SLs have a very small effect on scoring (as long as they're neat and tidy).
You will still have at least one installment loan showing on your report once the car is PIF, so you won't take a hit for losing the credit-type mix.
Just consider the money you'll save in interest as more money you can apply toward a down payment on the house.
Good job on planning ahead for the home loan! And remember, a general rule of thumb is no new accts for at least 6 months prior to closing on the house.
(Edited to fix OP's name)
Message Edited by WhirledPeasPlease on
06-28-2008 01:50 PM
~*~*~*~*~*~*~*~*~*~*~
From 700 in 2008 to 498 in 2012...
4/23/12 -- BK 13 date of filing EQ = 505
4/18/12 -- EQ 498
12/5/13 -- EQ 669
Here we go.... back on track.