cancel
Showing results for 
Search instead for 
Did you mean: 

I read the forum first and couldnt find my answer...sorry

tag
Anonymous
Not applicable

I read the forum first and couldnt find my answer...sorry

My auto loan will be paid off in December. I havent had any lates since January 2007. Will this affect my score any. Its the only account I had open so I applied for a Orchard card and was approved. Thanks alot and enjoy your day
Message 1 of 4
3 REPLIES 3
athensguy
Valued Contributor

Re: I read the forum first and couldnt find my answer...sorry

If it is your only installment loan, and it sounds like it is, your score may go down.

I think you should get a couple more revolving accounts.
Message 2 of 4
Anonymous
Not applicable

Re: I read the forum first and couldnt find my answer...sorry

Thank you!! I have the Orchard and a Credit One, I wonder if thats enough. With such low scores its hard to get anything.
Message 3 of 4
athensguy
Valued Contributor

Re: I read the forum first and couldnt find my answer...sorry

There are no guarantees of course, and the cleaner your reports the better, but you could try a secured card from BoA, Citi, or National City, and you might be able to get a Target or Macy's card.
Message 4 of 4
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.