Valued Member
Posts: 44
Registered: ‎07-22-2008

How many installment loans is "too many"?

Does anyone know how many installment loans one can have before the number is considered too many?  I mean primarily open installment loans.  Not necessarily what FICO considers too many, but any lender doing a manual review.


Also - would a lender be more likely to consider a higher number of open installment loans to be better compared to the same number of revolving loans carrying the same balances?

Senior Contributor
Posts: 4,831
Registered: ‎04-20-2007

Re: How many installment loans is "too many"?

Total amount owed is more important upon manual review. What is your DTI?

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